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NEW YORK, Oct. 30, 2013 /PRNewswire/-- The U.S. commercial real estate (CRE) sector has continued its remarkable recovery this year but the pace of recovery faces headwinds in 2014, according to Deloitte's annual Commercial Real Estate Outlook, which was presented today at the organization's annual real estate industry conference in New York City.
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"The commercial real estate sector has rebounded, thanks to an improving economy, strong investor demand for quality properties and limited new supply, and it is looking to build on this momentum," said Bob O'Brien, partner, Deloitte Services LP and head of Deloitte's real estate practice. "As 2014 approaches, the industry will face challenges stemming from government regulations, the limited availability of capital for certain properties and the impact of technology, which is becoming a driving force in every market segment--from retail centers to office space."
The Deloitte New York real estate conference drew more than 200 participants, including real estate developers, property managers, investors and construction and financing professionals. Similar events are planned for Chicago (Nov. 20), San Francisco (Nov. 21), Houston (Dec. 3), Dallas (Dec. 5), Washington, DC (Dec. 10), Atlanta (Dec. 12), Orange County (Dec. 17) and Los Angeles (Dec. 18).
Now in its 15th year, the Commercial Real Estate Outlook identifies the top trends that will shape the market in the year ahead, and is based on original research combined with the insights and first-hand experience of many of Deloitte's leading real estate practitioners.
The Outlook presents Deloitte's views on these topics:
The 2014 Commercial Real Estate Outlook is available for download here.
About Deloitte's Real Estate Services Group
The Deloitte Global Real Estate Services group offers leading audit, tax, consulting and financial advisory services through a fully-integrated multidisciplinary global professional services network of Deloitte Touche Tohmatsu Limited member firms. With more than 4,800 professionals dedicated to the industry in over forty countries, our member firms are recognized for bringing together teams with deep industry experience and knowledge to provide clients an integrated set of expert solutions.
As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.