Bob weighs in with his opinions on the following predictions for 2022:

• 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 managers will invest more heavily in technology, specifically in amenity spaces.