Following a pandemic-fueled course correction, the global real estate industry faces transformational shifts in how buildings will be used, valued, and transacted in 2023 and beyond. Our research uncovers priorities CRE leaders can focus on to help their firms traverse this period of uncertainty and emerge stronger. Real estate firms should make informed, innovative plans to meet the evolving needs of investors, tenants, and regulators. Strategic portfolio execution, prioritizing ESG to meet regulatory and stakeholder demands, understanding recent and pending changes to tax structures, rethinking talent approaches, and using technology to innovate and improve efficiency stood out as top priorities when planning for a year that, at the moment, is difficult to predict.
Here are some of the key findings from Deloitte’s 2023 insurance industry outlook:
- New concerns about revenue are prompting real estate leaders to reassess firm strategies
- Despite near-term performance reservations, respondents remain optimistic about real estate fundamentals
- As the regulatory environment heats up globally, CRE firms will need to focus more on ESG disclosure requirements and addressing trends in tax regulation
- Employee expectations have shifted and grown since the pandemic began
- Companies planning to curtail their technology spending could miss out on opportunities to innovate and improve efficiency
To learn more,
read the 2023 global commercial real estate outlook
Contact:
Tony Cocuzzo
Partner and National Real Estate Leader
acocuzzo@deloitte.ca
416-601-6432
