“Even when people are working from home at a higher level, they’re still choosing to live in urban environments,” said Mulvee.
Macro-trends that Mulvee is keeping a close eye on are demographic changes, Federal Reserve action, the interest rate environment, the undersupplied housing marketing and the work-from-home movement with subsequent office demand shifts.
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Commercial real estate will not be unscathed, but I do think there is some resiliency built into the market today, including where fundamentals are, where leverage is, and the secular drivers that have been fueling the cycle over the last ten years.” “There is a high probability we are going to experience a recession,” said Mulvee. economy today and called attention to trends that are likely to have a significant impact on the real estate industry. Mulvee discussed the overall state of the U.S. Suzanne Mulvee is chief strategy officer at GID, a vertically integrated investor, operator, developer and fiduciary with more than $28.5 billion in assets under management, including more than 48,000 apartment units and 23 million square feet of industrial and commercial space across the United States. The two keynote speakers, Suzanne Mulvee and Peter Zeihan, followed with their respective presentations.
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Opening remarks and introductions were delivered by Dan Hargett, president of the VCU Real Estate Circle of Excellence Rachel James, immediate past president of Rho Epsilon Professional Real Estate Fraternity Monique Johnson, legacy sponsor from Virginia Housing and alumna of the VCU School of Business Ph.D. with breakfast, networking and browsing amongst nearly 100 partnering sponsors this year. “It is thanks to all of you-faculty, students and industry partners-that VCU Business is able to build incredible programs that continue to grow and propel us all forward.” , dean of the VCU School of Business, as she greeted attendees at the start of the conference. “When I walked into this room today, I was immediately blown away and inspired,” said Naomi E. Not only was the conference able to return in-person after a two-year pandemic hiatus, but it also saw record attendance for the 30th anniversary. More than 1,500 industry professionals from both the academic and professional ranks, as well as from all sectors of real estate, came together to network and hear from leading experts in economic and geopolitical strategy.
The energy was electric at the 2022 VCU Real Estate Trends Conference (RETC), presented by the VCU Kornblau Real Estate Program on Thursday, October 13 at the Greater Richmond Convention Center in downtown Richmond, Va. VCU Real Estate Trends Conference sees record attendance at 30th anniversary event
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