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August 17, 2022

Economic Concerns Trigger Shift Towards Asset Management Strategies

By Joseph Derhake, PE

A Slower Pace Allows Time to Reprioritize and Devote Resources

The third quarter of 2022 is feeling sluggish for many of us in the commercial real estate industry. Rising interest rates and inflation have slowed the breakneck pace of the post-COVID recovery. Despite the threat of recession, we are confident that the abundance of capital awaiting deployment into real estate will bolster the CRE market through a slowdown, and as more folks return to office environments, traditional shopping, and entertainment venues, occupancy rates and rental income will stabilize.

While no one likes a downturn, after the frenzy of the last market, it’s almost a relief to have a moment to re-evaluate. A slower pace affords us time to reprioritize and devote resources to initiatives that may have been back-burnered over the past couple of years.

In this article, Partner CEO Joe Derhate, PE, discusses some of the trends clients are focused on during the slowdown period.

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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