A big plus for CoreNet Global is the demand side of the industry heading back into a growth mode
Broad indicators are pointing to a “mixed” recovery, if a rebounding GDP, slowing job cuts, the stock market upswing, and growth in some global regions are reliable signposts.
But the forecast is still pretty stormy for the corporate real estate (CRE) industry, and no wonder. We've always been the laggard on the economic recovery curve.
Even with some encouraging signs at the macro-economic level, CRE is still confronting record-low transaction volumes, an absence of credit, air-tight capital, devaluation, falling rent and occupancy rates, several tranches of toxic CMBS refinancing, possible lease accounting changes, and then some.
We’re dealing with a lot of problems, maybe the most we’ve ever been handed at one given time.
Can we at least all agree that we've bottomed out?
Look at corporate earnings again. It's a big plus for CoreNet Global and its focus on corporate occupiers that the demand side of the industry is heading back into a growth and spend mode.
That’s why the planning team inside CoreNet Global really nailed it when crafting the Las Vegas Global Summit learning theme months ago.
In the thick of the worst downturn we’ve seen in this lifetime, the team stuck its neck out and asked, "What happens on the other side of this thing?"
The result is the 12 - 14 October Las Vegas storyline, Convening for Change: Transforming Real Estate for a New Economy .One way or another, it's going to be about transformation. No wonder we set an all-time high-water mark the last week of August, which ended with a record volume of early bird registrations.
To everyone who will be at the Las Vegas Global Summit, aren’t we also saying -- in terms of getting back onto stable ground – that corporate expansion will help the CoreNet Global network before it does the many other groups serving only the supply side of the industry?
- LEADER Magazine’s Industry Tracker