Top Ten Issues Affecting Real Estate
By Natalie Jones / 07.15.20 / 3 min read
We’re thrilled to share with you that our own Van Martin, CRE, revealed the current and emerging issues expected to have the most significant impact on real estate in 2020 and 2021, as identified by The Counselors of Real Estate. With COVID-19 ranking as the number one issue, Martin noted how the pandemic shapes the industry.
“The change wrought by the COVID-19 crisis and its aftermath will teach us about priorities, resilience, and demand in ways that we did not dare test before,” said Martin. “In examining real estate markets, we must consider existing fragility, adaptability to new demands, and potential relevance to new markets. Demand will be defined by the extent to which this crisis leads us to abandon old habits and adopt new ones.”
Mr. Martin also explained that economic renewal is affected by the slow rebound of leisure and hospitality, retail, construction, and air travel industries. He stated that increasing late payments and loan defaults make capital market risk one of the top three issues.
The Counselors of Real Estate released an official list with nine additional issues.
- Economic Renewal
- Capital Market Risk
- Public & Private Indebtedness
- Affordable Housing
- Flow of People
- Space Utilization
- Technology & Workflow
To read the full press release, click here: https://martinquiver.com/wp-content/uploads/2020/07/Top-Ten-Issues-Van-Martin.pdf