CRE Development in Uncertain Times

I recently wrote an article in Commercial Property Executive on the cautionary risk management principles developers should consider employing as multiple headwinds signal caution for the construction industry. Although data metrics and consensus estimates show continued growth for the commercial real estate sector into 2020, several key factors are driving construction cost increases. These include geopolitical uncertainties, labor shortages, and project delays. Collectively, these uncertainties will necessitate greater risk management oversight to ensure maximizing continued opportunities.