There are real benefits for CRE companies to leverage supplier diversity programs and develop a network that includes woman-owned and minority-owned suppliers, particularly in recent years, when CRE projects have faced labor and materials shortages.
The office market is still struggling with high interest rates and increased levels of remote work, producing a tough lending environment and frozen deals on the sales side, and generous concessions and terms that favor tenants in leasing. That said, there are glimmers of hope.
Mass timber has a bright future within commercial real estate development but there are special hurdles that developers and builders must learn and overcome, according to commercial real estate experts at NAIOP’s CRE.Converge in Seattle.
