CRE Industry Pulse

I recently got back from NAIOP Development 10 National Conference, which was held in Orlando, Florida. I noticed two things that changed from last year and years past.

1. There is renewed optimism.  Not everyone has captured this spirit yet, but it is there.  People are making predictions about when speculative development will return (depending on the location 1-3 years.)
2. Many are embracing more modest expectations and are content to pursue purchase of real estate assets, as long as the fundamentals truly work.

Very positive signs.  What do you think?

Lawrence R. Armstrong, LEED AP | CEO