Lemoine, PA - June 30, 2020: Robin Gellers, President of SIOR, FIRCS, CRE, and NIAIR, shares current and emerging issues. Councilors identify the most significant impact on real estate in 2020 and 2021, according to Real Estate. . The COVID-19 epidemic has become a top concern of the 1,000-member organization.

"The Cowvide-19 crisis and subsequent changes will teach us about priorities, resilience and ways we haven't dared to test before," said Geller, a real estate counselor. “The top ten issues of 2020-21 are highly interrelated and an attempt to embrace this new world in an already changed real estate environment. To examine the real estate markets, we need to consider existing fragility, adaptability to new demands, and potential relevance to new markets. Demand will be determined by the extent to which this crisis leads us to abandon old habits and embrace new ones. The period of lockdown was a factor and that is why we present ourselves with confidence. "

Economic renewal ranks second on the list of councilors, with the U.S. economy showing signs of declining ahead of the COVID-19 epidemic. "The statistics are a sign of frustration for those who want to see them," the jailers said. " Consultants cite the impact of economic lockdowns on the state and local tax revenues that could reduce non-federal government employment and protect important infrastructure projects, with such risks seen as an unusual "W-shaped" recession.

“The post-Covid-19 economy will be limited by long-term potential GDP growth of only 1.5-1.6 percent. This is the 'new general' for which we need to be prepared, 'the jailers added.
The three main concerns for counselors have taken the capital market out of risk, as the past four months have not only presented real-time volatility in the capital market, but also confirmed how quickly debt and equity capital liquidity can stop flowing at risk and return. Hard to measure

“One thing we’ve seen since March is that the opening has increased which makes the price debt more challenging,” the jailers said. "Federal intervention has helped limit the market's full control, but does not necessarily alleviate long-term concerns about defaults and losses. Price stability and liquidity seem to have returned somewhat, with significant increases in late payments and loan defaults."

The remaining problems identified by real estate counselors are public and private deprivation, affordable housing, human flow, space use, technology and workflow, infrastructure and ESG (environmental, social and governmental), respectively.

“Clients of counselors want impartial, objective advice on critical factors that will affect the entire property sector today, as well as issues that could influence their decisions over the next ten years. This thought-provoking initiative is an invaluable service to those clients and to the real estate industry in general. "

The top ten issues affecting real estate are made up of issues identified, debated, and voted on by general councilors on the Real Estate Foreign Affairs Committee. See https://www.cre.org/topten for additional information and perspectives on each issue.

About Robin Geller, SIOR, Frex, CRI

Rabiz Gellers, President of NII CIR, Member of the Society of Industrial and Office Realtors ("SIOR"), Elected Fellow of the Royal Institution of Chartered Surveyors ("FIRCS") and an Invited Member of the Real Estate Counselors "). The jailers are NII CIR's Broker of Records, past president of the NAI Global Members Leadership Board, current member of the NAI Global Strategic Planning Committee, and past chair of the Delaware Valley Chapter of Real Estate Counselors. Gellers clients include Commonwealth PA, UPMC Pinnacle, Morgan Stanley and Cantor Fitzgerald.

About real estate consultants

Real Estate Counselors are the leading real estate, finance, law, appraisal, and accounting and business consulting firms for commercial property professionals, as well as an international body of academia and government real estate experts. Membership is extended through selection and invitation, although commercial real estate and Practitioners with 10 years of proven experience can apply.

Counselors in both major and minor responsibilities have resolved disputes between the developer of the World Trade Center and its insurers since 9/11, led the privatization of U.S. military housing, multi-billion dollar for the Philadelphia public, 10-year master plan for schools, real estate MI Created and enriched, and valued by both Grand Canyon and Yale University. Counselors live in 20 countries and territories in the United States, holding only 1,000 professional CRE certifications worldwide.

About NIAI CIR

NAIIIR, located in Lemon, is the oldest and largest exclusive commercial industry real estate brokerage firm in Central Pennsylvania. The firm has been honored as a coaster store power broker in the Philadelphia area for 15 consecutive years.

NAI CIR is the central Pennsylvania representative of NAI Global, an international organization of real estate professionals with a literal connection to the world. Our transaction and management professionals are among the most experienced and successful in the business and our platform ensures that our expertise directly benefits our clients.