Having just participated in what many have considered Asia’s largest CoreNet gathering in Singapore, I am happy to see the same level of enthusiasm in New Orleans.
Confidence is starting to return to the US. CRE executives here have re-opened their strategic plans while the window of opportunity is still available. Raising the bar for CRE seems to be an important feature in light of its contribution during the global financial crisis.
In what many consider is the “new normal”, innovation and flexibility are core themes at this year’s conference. Learning to pick yourself up after one of the most severe downturn requires determination and with the help of new technologies, this may help deliver more value. A change in mind-set is also required with influence being more important than just control.
Whilst the buzz is building, some trepidation lingers. Unemployment is still high in the US with climbing vacancy rates, massive deleveraging among many other challenging factors – 2010 is set to be a watershed year for commercial real estate.
Balancing both challenges and identifying opportunities – that’s a tough act to follow! How can one focus on trends of the future and act fast enough to establish an innovative mindset to get there intact?
Indeed the next few days will shed some light for solution providers as well as CRE executives.