Deloitte: 2014 Holds ‘Continued Challenges'

CHICAGO-Beyond the dominance of one property sector or another, uncertainty around the state of the domestic economy, the outcome of impending regulations such as the soon-to-expire Terrorism Risk Insurance Act, changes in demographics and worker requirements will drive key trends for commercial real estate in 2014. So says Deloitte in a report that sums up its message in its title: “Trimming the sales for growth.”

Bob O’Brien, Deloitte’s Chicago-based global and US real estate services leader, notes in the report that “challenges remain” despite progress on a number of fronts, from a slowly improving economy to an increase in CRE lending. “The coming year likely will be one of continued challenges for industry executives to realign business models, adjust to increasing regulations and attempt to innovate for growth,” O’Brien writes.