In this article, you'll learn:
- The economic challenges leaving 2022 and their impact on commercial real estate in 2023.
- The wave of layoffs and their influence on office space demand and utilization.
- How industrial landlords are benefiting from increased demand due to changes in work and consumer habits.
- The evolving role of technology in reshaping office spaces and corporate priorities.
- Why commercial tenants have more negotiating power and opportunities for growth in 2023.
Leaving 2022, most of us can probably agree on one thing: It sucked. From the highest inflation in 40+ years to widespread to rampant office vacancies to the ever-growing national debt, it’s rare to find any business fully unscathed by financial the disruption.
Of course, as an international community, we are still adapting to the after effects of the 2020 pandemic. We can’t ignore its influence, less than three years since Americans entered quarantine the world is irrevocably different. And wile some degree of adaptation is expected, many are getting impatient with the never ending “grace period” as the country tries to pick itself back up.
Luckily for them, some things will come to a head in 2023. There's sure things to be prepared for, so read on. You'll learn the trends influencing the country that we inherited in 2022 and will likely persist through this year. It is critical knowledge for any commercial real estate professional.
