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December 19, 2022

2023 Outlook: Tighter Due Diligence, Aggressive Asset Management

By Joseph Derhake, PE

Low Transaction Volume Means a Redirection of Resources Toward Asset Management

The US Economy is not yet in recession, but the commercial real estate (CRE) transaction economy is. We are seeing deal volume down by 50% compared to a very busy back half of 2021. A recent Deloitte survey of commercial real estate CFOs shows mixed outlooks for 2023, with about half expecting lower revenues than in 2022. Among our clients, who represent a broad spectrum of real estate stakeholders, we’re seeing a few common threads: tighter dealmaking practices, and a redirection of resources towards asset management.

In this GlobeSt. article, Joe Derhake discusses how CRE sellers and facility managers should approach the transaction slowdown in 2023.

About the Authors

Joseph Derhake, PE

Chief Executive Officer

Joe Derhake, PE, serves as CEO of Partner Engineering and Science, a global environmental, engineering, and energy consulting firm. A registered Professional Engineer for over 25 years, Mr. Derhake has touched thousands of commercial real estate projects, from development and transactional due diligence to site remediation, asset optimization, ESG initiatives and more. His clientele includes many of the world’s largest lenders, real estate investors, and corporations. Mr. Derhake is a registered civil engineer in multiple states. He holds a bachelors degree in civil engineering from Michigan State University and Masters in Business Administration from University of Southern California.

Get in Touch

Joseph Derhake, PE
(800) 419-4923
[email protected]

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