On this episode of Deconstructed: The Future of CRE, Brad Klatt, Executive Chairman at Logical Buildings, sits down with us to share his insight on the current real estate market cycle, and dives into some emerging commercial real estate trends.
Brad talks about how the market downturn over the past year is hard to compare to previous cycles because this one came about suddenly without much notice. In other cycles, there were a variety of catalysts that served as a warning for a market crash.
He highlights trends we should be paying attention to, including businesses leaving large cities on the East Coast and moving their operations to the Sunbelt. He says these businesses in the Southwest are focused on being technologically advantaged, sustainable, and climate-thoughtful.
Brad explores some of the work they do at Logical Buildings, including how they’ve become one of the most significant energy management software companies in the US. He notes that integrating technology in the real estate sector is crucial for improving risk management, cutting costs, and visualizing what people can achieve.
He closes the show by encouraging young real estate talent to still get out in the field for a few years amidst this technology-heavy shift so that they can truly understand the assets that they’re working with.
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