During the recent 2023 Hotel Data Conference, hoteliers and industry experts gathered to discuss potential recession effects on the industry and several new trends that have come to light in recent months.

In a recent report, the International Energy Agency (IEA) released an incredible figure. By 2027, the global power capacity of solar energy installations (i.e., the amount of power that can be produced) will outstrip the output produced by coal.

According to a recent GlobeSt article, a long-awaited Financial Crimes Enforcement Network (FinCEN) anti-money laundering rule may finally be rolled out in Q3 2023.

Over the past few years, most commercial real estate (CRE) sectors have had to reinvent themselves to some degree to keep up with changing trends and demands. We’ve seen this across retail, hospitality, office, and multifamily – with some big shifts taking place in response to the movements of workers and travelers in the post-2020 world.

For most industries, the past few years have brought some big changes. One of the most significant for many of us has been the shift towards remote or hybrid work, with businesses and commercial real estate professionals alike needing to be quick on their feet when it comes to supporting new modes of hybridity.

For this edition of our ongoing commercial real estate (CRE) terms series, we’re looking into the lingo surrounding commercial land.

For many working in the commercial real estate (CRE) and investment space, 2023 has already been a challenging year. Since the middle of last year, interest rates have risen at an alarming pace, with no asset class immune to the impact, though some have certainly been hit harder than others.

Among the many things that make NAI Global’s network so successful is the incredible talent of our hardworking professionals across the globe.

Here at NAI, we strive to support our team members to make the most of a career in commercial real estate (CRE) and to be able to bring their all to the job each and every day. Also important to us, however, is that the success those individuals achieve as CRE professionals extend into their passions in other areas of life as well.

Ask any group of commercial real estate (CRE) professionals which sectors have shown the most adaptability in the face of change over the past few years, and an answer that’s sure to crop up more than once is retail.

Just three years ago, the hospitality sector faced one of its toughest challenges. As borders closed and travel all but ceased, hotels were left scrambling to come up with new strategies to stay afloat until they could reopen their doors to incoming guests.

There’s no denying that, from an economic perspective, 2023 got off to a rough start. Constant rate hikes, and the ever-present possibility of recession have loomed large on the horizon, and many industries have been impacted by the resulting uncertainty.