In today’s episode, Bob and Jan comment on predictions made by industry leaders for what 2022 holds in store for CRE:
- The U.S. won’t see tangible changes to the supply chain this year, but companies will be better equipped to handle delays and shortages.
- Industrial developers will target large office campuses as new sources of industrial development opportunities.
- Hotels will capture record sales prices in 2022.
- The omicron variant, and others that may follow, will prompt employers to delay return-to-office plans and maintain flexibility with employees.
- The infrastructure bill will not have a meaningful impact on the CRE industry in 2022.
- The passing of social spending bills, like Build Back Better, may pose headwinds to CRE demand.
- Rising inflation will compound rising construction costs, resulting in a slowdown or cancellation of some developments.
- Office landlords will invest in hospitality-focused office renovations to lure employees back to the office.
- As residents continue to work from home in 2022, property manager will invest more heavily in technology, specifically in amenity spaces.
Bob Gibbons is a Real Estate Advisor & Tenant Advocate (also known as a tenant rep) with REATA Commercial Realty, Inc. which is a tenant advisory firm based in Plano, Texas. Bob serves companies in Plano, Frisco, McKinney, Allen, Richardson, Addison, Dallas and the surrounding areas and specializes in companies which lease or buy office and warehouse properties.