Meg White is the former managing editor of REALTOR® Magazine.
The National Association of REALTORS®’ Strategic Thinking Advisory Committee on Wednesday released a new report, Commercial Real Estate ALERT: Analysis of the Latest Emerging Risks and Trends, which aims to function as a sort of D.A.N.G.E.R. report for the commercial industry. NAR commissioned Stefan Swanepoel’s T3 Sixty Inc. consultancy to create the report, which is a compilation of thoughts and data from interviews with more than 20 senior industry executives between November and February, as well as a wealth of reports and research from all corners of the real estate industry.
The data was collected after the contentious election of President Donald Trump, so the report reflects attitudes toward an unpredictable future for real estate. “There’s a lot of uncertainty about what’s going to happen,” Swanepoel told members of NAR's Commercial Committee during a presentation at the REALTORS® Legislative Meetings & Trade Expo in Washington, D.C.
Some respondents in the report told T3 Sixty researchers they believed that the new president's policies increase the risk of another recession, while others said they will not dramatically impact the economy or commercial real estate. Swanepoel said his company worked to synthesize different points of view and research outcomes: “This does not cover our opinion; this is your opinion.”
Some of the major trends and shifts to watch include: