{"id":537700,"date":"2021-09-13T18:03:13","date_gmt":"2021-09-13T22:03:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/re-max-commercial-symposium-explores-new-normal-of-industry-trends\/"},"modified":"2021-09-13T18:03:13","modified_gmt":"2021-09-13T22:03:13","slug":"re-max-commercial-symposium-explores-new-normal-of-industry-trends","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/re-max-commercial-symposium-explores-new-normal-of-industry-trends\/","title":{"rendered":"RE\/MAX Commercial Symposium Explores “New Normal” of Industry Trends"},"content":{"rendered":"
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Industry experts, innovators and veterans examine evolution of commercial real estate during two-day conference September 12-13<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n DENVER<\/span>, Sept. 13, 2021<\/span> \/PRNewswire\/ — Today, RE\/MAX\u00a0Commercial\u00ae\u00a0concluded\u00a0its\u00a0two-day\u00a0Commercial Symposium\u00a0for\u00a0affiliated\u00a0commercial\u00a0real estate\u00a0practitioners. Held at\u00a0the\u00a0Denver Marriott South Park Meadows in Lone Tree<\/span>, Colorado,\u00a0this\u00a0premier event\u00a0was open to the entire RE\/MAX network\u00a0and\u00a0provided\u00a0ideas, information and\u00a0strategies\u00a0to RE\/MAX commercial practitioners\u00a0as they navigate the “new normal” of\u00a0commercial real estate.\u00a0\u00a0\u00a0<\/p>\n

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The\u00a014th<\/sup>\u00a0annual event\u00a0offered a lineup of industry experts, innovators and veterans discussing the evolution of the commercial real estate market and\u00a0provided an opportunity for those in the industry to\u00a0network\u00a0with each other as well as nationally\u00a0recognized speakers to\u00a0discuss business growth strategies.\u00a0<\/p>\n

\n Rick Sharga<\/span>, economist\u00a0and\u00a0Executive\u00a0Vice President\u00a0of\u00a0RealtyTrac,\u00a0helped open the\u00a0event with an industry update and overview. Evaluating the current state of the\u00a0industry\u00a0and offering insights\u00a0on\u00a0where commercial real estate may be headed, Sharga\u00a0noted commercial real estate across many property sectors and segments is coming back strong after a pandemic-related dip. <\/p>\n

“From a commercial standpoint, the economic recovery has outpaced expectations,” says Sharga. “It’s possible that all 22 million jobs lost in the recession will be recovered by 2022, which is phenomenal, but recovery varies by market sector and the service industry is lagging behind, threatening Retail and Hotel sectors. There are a lot of opportunities in this market, with Industrial and Multifamily sectors the clear post-pandemic winners.” <\/p>\n

\n Steve Weikal<\/span>, Head of Industry Relations at MIT’s<\/span> Center for Real Estate, was the conference’s keynote speaker. Weikal took an in-depth look at the ongoing evolution of technology within commercial real estate and offered insight on the emerging trends that will change the “rules of engagement” within the industry. Weikal pointed out that real estate is getting smarter through artificial intelligence data, machine-learning and augmented reality, but that evolving technology cannot replace the role of the real estate agent. <\/p>\n

“There may be a forthcoming disruption in the commercial real estate space with the continued advancement of technology, but those advancements are not a replacement for human engagement,” says Weikal. “There’s always going to be a need for personal interaction in a real estate transaction. Licensed brokers have unique knowledge and can provide the reassurance and answer questions for clients that technology tools simply cannot replicate.”<\/p>\n

Other featured speakers and topics included:\u00a0\u00a0<\/p>\n