Blogs

Commercial construction costs hinge on two primary categories: materials and skilled labor. Therefore, when both are in short supply and more expensive, already small profit margins contract even further. To counteract rising costs, many CRE firms simply raise their prices—which could further negatively affect the industry. First, there was Covid-19. Then came widespread labor shortages. Supply chain collapses saw rising commercial construction costs dig into profit margins worldwide. And now—to top it all off—there’s inflation. Rising steel prices, peaking at nearly $2,000/ton have affected...

Catch A Glimpse into the Future With Our 2021 Economic Outlook Webinar Leading economist, Anirban Basu, Chairman and CEO of Sage Policy Group, Inc., delivers an insightful, entertaining “Back to the Future” themed presentation on the current state and predictions of the 2021 economy. During this webinar, Basu delivers a tribute to 80s films with hope that life will return to “normal” sooner rather than later. You will gain valuable perspective on the following topics: The Destabilizing Impacts of COVID-19 – Too Much Time at Home Impact on Employment, Sales, Real Estate and other metrics The...

The farm labor shortage, soaring fertilizer prices, and increasing inflation can easily put a damper on what otherwise should be a favorable time for agriculture. While the effects of these price fluctuations can be mitigated, doing so requires careful planning and preparation. The farming industry—like every industry—has had to grapple with significant (and in some cases systemic) changes over the past few years in the way it conducts business. Demand for row crops, fresh produce, and nuts and berries has stayed robust. But the lingering after-effects of Covid-19 persist, causing supply chain...

There’s never been a more challenging time for food inventory management than the period we’re in now. With an increased focus on health and traceability, customers now want to know your supplier and your supplier’s supplier. As inflation, supply chain issues, and labor shortages continue to drive up the cost of food—especially fresh produce—business leaders must consider every avenue to strengthen their supply chains. As the country continues to move beyond the tumultuous two-and-a-half-year pandemic, many lingering issues still hinder our return to normalcy. American business leaders of all...

Building information modeling (BIM) has surged in the past several years and its benefits are one of the few things everyone involved in the CRE industry can come together on. It has become clear that, while keeping the potential risks in mind, the benefits of BIM for any CRE business are impossible to ignore! Let’s discuss why. Construction is complicated—plain and simple. With so many moving parts involved in a project, especially in the commercial sector, the risk of errors and setbacks can cost CRE developers valuable time and money. Between architects, engineers, business leaders...