Political polarization and global uncertainty lead the 2017-18 list. Divisiveness … makes real estate investment decision-making difficult.
Dallas, TX (PRWEB)
June 23, 2017
Nick Nicholas, CRE, CCIM, MAI, President, Nicholas Co., today shared just-released information about important issues and trends impacting U.S. commercial and residential real estate. Nicholas is a member of The Counselors of Real Estate® (CRE), the global professional association that annually announces The CRE® Top Ten Issues Affecting Real Estate, an update of market trends and conditions which influence real estate opportunities and risks. Members of CRE are recognized property experts who provide specialized and objective advisory services to clients. CRE membership is by invitation.
Political polarization and global uncertainty lead the 2017-18 list. Divisiveness—which is occurring at all levels and is fueled by news headlines, political beliefs and budget constraints—makes real estate investment decision-making difficult, Nicholas explained. Global uncertainty is also creating challenges for investment and employment in non-U.S. markets and could negatively impact foreign investment in U.S. properties.
Other issues include the technology boom, which is causing extraordinary changes in how real estate is bought, sold, valued and managed. Automation, predicted to replace up to 47% of today’s jobs, will have a serious impact on everything from housing and retail to business offices, tenants and leasing. Two distinct generations—the Baby Boomers and Millennials—living and working side-by-side present the challenge of reconciling conflicting preferences for both office and living arrangements.
The other disruptors on the CRE Top Ten…