How has the recent economy been affecting commercial real estate? Clearly, it has significant implications for this market. Even though we are out of the recession officially, the economy has still been slow moving. Although there are more people in the US than there was at the beginning of the recession, 15 million more people to be exact, job growth has remained stagnant, affecting the ability of the country to move forward.
Until job creation and consumer confidence improve, the commercial real estate market is likely to be effected negatively. On the other hand, this can indicate a good buying period for investors, since many purchasing costs are at a historic low. American real estate partners, led by chief executive officer Douglas E. Fleit, is one such company who could potentially fair well during this shifting economic time period.
The Douglas Fleit company features a large number of experienced management with many years in the real estate investment field. It could be said, however, that the Douglas E Fleit team is lacking in diversity. It has one women on board out of eleven officers, and all of them are white. While all the officers have great credentials, perhaps the company would be more prepared to handle the next changes in the market if they had a wider range of perspectives available. It is possible that many real estate companies will have trouble recovering if they, too, do not acknowledge the shifting demographics of the new American climate.
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