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Shelley Cernel2024-09-04 10:53:442024-09-06 09:43:52Future-Proofing Your Portfolio: The Role of Scenario Planning in CRE Decision-Making
As we finally approach the midpoint of the year, it is the perfect time to take a look back at the topics that were trending in the second quarter of 2024.
In this content round-up, we’ve curated a selection of articles from our own catalog, as well as other industry resources like JLL and ULI. From discussions on emerging trends to overall analyses on the market, these topics were integral to commercial real estate (CRE) conversation. Continue reading to catch up on any articles you may have missed!
In today’s digital age, commercial real estate (CRE) firms are tasked with managing an ever-growing volume of complex data. As the quantity and complexity of CRE portfolio data increase, capturing timely and meaningful insights for impactful decision-making becomes increasingly challenging. Business Intelligence (BI) tools have emerged as essential solutions to overcome these data hurdles. However, many CRE firms now face a critical decision: should they build their own BI tools or buy existing solutions? Exploring the pros and cons of each approach can help firms make informed choices that best suit their needs.
In the commercial real estate (CRE) industry, finding the right balance between short-term performance and long-term sustainability is essential. In this webinar, “Striking the Balance: Navigating Short-term Performance and Long-term Viability in CRE,” experts Mark Runde, SVP of Asset Management at Thirty Capital, and Jeff Lee, SVP of Debt Management at Thirty Capital, shared their insights on achieving this equilibrium. They emphasized the importance of focusing on present-day asset performance and operations while adopting a forward-thinking approach to debt management practices. This strategy ensures that future market dynamics do not undermine the gains established today. Watch the on-demand webinar here!
In the commercial real estate (CRE) industry, staying ahead means leveraging advanced technologies that enhance decision-making, streamline operations, and drive superior business outcomes. Among these transformative tools are Artificial Intelligence (AI), Business Intelligence (BI), and Human Intelligence (HI), which together can make or break the success of your portfolio. By understanding how AI, BI, and HI intersect with CRE, asset managers, property managers, analysts, investors, and executives can unlock new opportunities.
In the commercial real estate (CRE) industry, staying informed about the latest trends is crucial for strategic planning and investment. A notable report from the Urban Land Institute, “Emerging Trends in Real Estate: United States and Canada 2024,” provides valuable insights into the evolving landscape of CRE. This comprehensive report explores key trends, challenges, and opportunities shaping the market, offering guidance for industry professionals looking to navigate the complexities of the current environment. Key topics include the impact of technological advancements, shifts in tenant preferences, and the importance of sustainability in real estate development. Access the full report here.
JLL’s “Future Vision of Real Estate” report provides a forward-looking perspective on the transformative trends reshaping the commercial real estate (CRE) landscape. The report identifies key drivers of change, including the adoption of cutting-edge technologies, the shift towards sustainable practices, and the evolution of workplace strategies in response to hybrid work models. It emphasizes the importance of flexibility, innovation, and resilience in navigating the future of CRE. The insights from this comprehensive analysis are invaluable for industry professionals aiming to stay ahead of market dynamics and leverage emerging opportunities for growth and sustainability. Access the full report here.
Additional Resources
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Shelley Cernel2024-09-04 10:53:442024-09-06 09:43:52Future-Proofing Your Portfolio: The Role of Scenario Planning in CRE Decision-Making
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Javon Nathaniel2024-08-27 09:33:432024-09-06 09:44:38Mastering CRE Debt Management: Leveraging Technology to Optimize Cash Flow and Risk
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Javon Nathaniel2024-08-23 14:19:072024-09-06 09:45:33A Strategic Edge: How Savvy CEOs Are Using Asset Scenarios to Thrive in a Volatile CRE Market
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Javon Nathaniel2024-08-20 14:25:412024-09-06 09:45:214 KPIs That Successful Affordable Housing Firms Are Tracking (and You Should Too)
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Javon Nathaniel2024-08-13 14:12:392024-09-06 09:45:08CRE Core Questions: What is the Interest Rate Forward Curve?
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Javon Nathaniel2024-08-06 13:16:302024-08-06 17:37:25The Hidden Threat in Financial Reporting: How Manually Standardizing Your Chart of Accounts is Hurting Your Bottom LineLobby CRE’s Content Round-Up for Q1 2024
As we find ourselves at the threshold of a new quarter, it is the perfect time to take a look back at the topics that were trending in the first quarter of 2024.
In this content round-up, we’ve curated a selection of articles from our own catalog, as well as other industry resources like Forbes and Bisnow. From discussions on data analysis to predictions for the year ahead, these topics dominated the commercial real estate (CRE) landscape. Continue reading to catch up on any articles you may have missed!
1. CRE Property Management Systems: The Power of Consolidation
When it comes to managing CRE property management systems (PMS), many firms may be operating with multiple systems across their portfolios. This blog highlights the challenges of data silos and inefficiencies arising from decentralized PMS usage, emphasizing the hindrances they pose to operational efficiency and strategic decision-making. By consolidating PMS, firms stand to gain improved operational efficiency, unified data and reporting, and faster, more accurate insights.
2. Unlocking CRE’s Data Potential in 2024
Data plays a pivotal role in navigating the CRE market amidst uncertainties such as escalating interest rates and dwindling transaction volumes. This article covers key topics such as navigating data sources for actionable insights, breaking down internal data silos to improve efficiencies, and harnessing AI, BI, and HI to advance data utilization. Highlighting the importance of understanding various data sources and centralizing data management, you learn how to implement data-driven strategies in optimizing real estate operations. Watch the on-demand webinar here!
3. Accessing & Leveraging CRE Market Benchmark Data
In the tumultuous landscape of 2024, data-driven decision-making is more important than ever before. This article highlights the value of data in CRE operations and explores strategies for unlocking its potential, including leveraging third-party data for key insights and utilizing benchmarking for informed decision-making. Download the checklist here to get started!
4. Analyze The Right Data For Your Real Estate Investment
This Forbes article discusses the importance of analyzing the right data when making real estate investments, looking beyond the traditional focus on location. It suggests considering factors like job figures, population data, demographics, foot traffic numbers, and city tourism and projects to gain insights into the market. The author highlights the significance of understanding trends in job growth, population growth, and industry presence in an area to identify potential investment opportunities. Additionally, utilizing resources like studies on office occupancy rates, apartment occupancy levels, and transit studies can help to make informed decisions. By leveraging available data, investors can assess the potential for a location to yield significant returns on investment beyond just its geographical appeal.
5. 40 CRE Execs Tell Us How 2024 Will Play Out — And What They’re Doing To Prepare
This Bisnow article features insights from 40 commercial real estate executives on strategies they’re employing to navigate the challenges ahead. Despite the difficult circumstances faced by the industry in 2023, there’s an overall sense of readiness and determination among these executives for the year ahead.
Key themes from the executives include:
- Adaptation and Diversification: Many executives emphasize the importance of adapting to changing market conditions and diversifying their portfolios to mitigate risks.
- Opportunities Amid Challenges: While acknowledging the challenges, several executives also highlight the potential opportunities that arise from market fluctuations and disruptions.
- Focus on Community Engagement: Some executives stress the importance of community engagement and collaboration in development projects to ensure positive impacts on local neighborhoods.
- Strategic Investments: Executives are focusing on strategic investments in stable asset classes and geographic diversification to weather uncertainties in the market.
- Operational Excellence and Customer Service: There’s a renewed emphasis on operational excellence and customer service as a means to add value and differentiate in the market.
- Long-Term Vision: Despite short-term challenges, many executives are maintaining a long-term vision and planning ahead for future market conditions.
Overall, while acknowledging the need to “survive till ’25,” these executives are also looking for ways to thrive by adapting their strategies, focusing on operational excellence, and identifying opportunities in the midst of market uncertainties.
Stay Up-to-Date With Lobby CRE
Stay tuned for more content and resources from Lobby CRE in the next quarter ahead! Visit our resource center to view our full catalog of best practices and thought leadership content for the commercial real estate industry.
