INDUSTRY OVERVIEW:

The real estate industry encompasses the many facets of property, including development, appraisal, marketing, selling, leasing, and management of commercial, industrial, residential, and agricultural properties. This industry can fluctuate depending on the national and local economies, although it remains somewhat consistent due to the fact that people always need homes and businesses always need office space.

Today, the real estate industry is one of the most lucrative sectors of the U.S. economy, and it continues to provide opportunities for interested and motivated individuals. Since many professions within real estate are based on sales, success depends on effort. This is an industry for hardworking, goal-oriented people who are always ready to take on more. However, the hard-charging lifestyle is balanced by some flexibility: Those who succeed in the real estate industry often set their own hours, are not limited by a fixed salary, and can be their own boss.

Professions within the real estate industry vary. Brokers and agents lease and sell properties. Real estate developers buy land, build property on it, and sell it to interested parties. Building managers act on the owner’s behalf and deal with day-to-day issues of properties. Appraisers must assess the value of properties before they can be sold. In addition, support staff, office managers, real estate attorneys, loan officers, and others are essential players in every real estate transaction.

The real estate industry is an important element of the economy. In the mid-2000s, the industry faced major challenges when the commercial real estate market peaked and then fell in step with the recession. The economy has strengthened in the years since, however, and the real estate market continues to rebound. In 2014, real estate construction alone contributed nearly $1.1 trillion, more than 6.1 percent, to the nation’s economic output as measured by Gross Domestic Product. Whether the economy is strong or weak, people will always need a place to live, work, and shop, and there will always be a steady need for real estate professionals. Their degree of success simply depends on their motivation, geographic location, and the tides of the market.

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ASSOCIATIONS & INSTITUTIONS:

LEADING COMPANIES:


HUMAN RESOURCE

The entry to some of the jobs in real estate may be fairly quick, which is why many people decide to change careers and go into the real estate business. For instance, although the requirements to become a real estate agent vary by state, in many instances people can meet the requirements and be licensed in a matter of months.

Many real estate workers have flexible schedules, especially residential real estate agents. You set your own hours and have no need to stop into the office except to file paperwork or maybe to attend the occasional staff meeting.

Working in real estate can be fun. For developers, agents, brokers, and others, researching properties and then sharing that knowledge with clients is often a rewarding experience. Closing real estate deals where everyone is happy with the transaction is professionally satisfying, as is the commission check at the end.

Real estate professionals have the potential to make a lot of money if they do their research, work hard, and put in the hours. Those who take multiple approaches to securing more business, such as advertising their services and networking for referrals, can further boost their monthly income.

People will always need shelter and a place to work, and they need real estate professionals to help them find homes, office spaces, and other properties. There may be more competition for jobs when the economy is weak, but there will still be opportunities in the real estate business.

The real estate licensing exam is really tough. Passing it requires many hours of study and the ability to understand complicated subject matter. Licensed real estate professionals usually have better employment opportunities than unlicensed professionals. Even after investing time in studying and then getting licensed, there is still no guarantee the work and money will be forthcoming. It all depends on the real estate professional’s motivation and dedication to the job.

The flexible schedule comes at a price. Real estate agents’ and other professionals’ time may not be as flexible as imagined. Open houses – when a property for sale is shown to the general public – are invariably held on evenings or weekends. Real estate clients may be unable to see properties during the traditional workweek as well.

Many real estate workers are paid on commission only. The first few months can be particularly challenging for new agents who are still learning the ropes. Even after putting in long hours and really hustling for business, the first paycheck may still be a month or two away. Having at least six months of savings before entering the field will help ease the stress in the beginning.
Residential real estate can be fraught with emotions because it has to do with people and their homes. Handling clients is vitally important. People get emotional when buying or selling a house, and are often nervous about the large sums of money spent or acquired. Managing clients and their expectations is a crucial responsibility for the successful realtor.

Self-employed real estate professionals work independently and are therefore responsible for tracking their sales and handling their own accounting, as well as filing tax returns. These tasks can lengthen an already long workday and workweek.
Talent strategies are constantly evolving. However, with workplaces and work itself becoming increasingly digitalized, new talent needs are emerging and should become a business priority. Institutional investors agree—nearly 9 in 10 of retail-property-focused investors and nearly 7 in 10 of industrial-property-focused investors somewhat or strongly agreed that CRE companies need to do more to nurture their talent.

Next-generation talent, both millennials and Gen Z, appear to prefer working in a startup culture.22 The industry, meanwhile, seems unprepared to recruit, engage, and retain this talent pool—93 percent of pension funds and 95 percent of hedge fund investors believe so. As a result, many CRE companies continue to face a scarcity of skilled talent. Further, most CRE companies also appear unprepared to deal with the high proportion of baby boomers likely to retire over the next three to five years.

Along with talent, the work itself will evolve as artificial intelligence and cognitive technologies reshape roles.23 Some existing skills will become redundant, while new ones will need to be learned.24 Workers’ jobs will likely be oriented toward tasks that require human intervention. They could be supported by technologies that execute more of the routine and repetitive tasks inherent in their work. Investors also believe that CRE companies should prioritize the use of business intelligence and predictive analytics to enhance the talent experience. As examples, AI and predictive analytics can be used for résumé screening and to spot turnover risks, respectively.

Senior leadership teams and boards should also include a fair and more even representation of women, minorities, and the LGBT community. Investors—particularly 92 percent of the respondents who were large investors with more than $30 billion in assets under management—believe that a more diversified board helps generate better returns.

What should CRE companies do to be more agile with talent?
Overall, the CRE landscape should evolve toward creating and enabling a more agile and engaged workforce. This typically involves not just overhauling talent strategies and work processes but also creating an environment that reduces bureaucracy and inculcates a sense of purpose for employees. CRE companies should double down on efforts to attract next-generation talent, retool existing talent, and diversify senior leadership and the board.

Attract next-generation talent
Our 2018 Real Estate Outlook recommended that companies consider tapping the open talent economy and enriching the employee experience to help overcome the ongoing talent shortage. For example, CRE companies can consider structured corporate social responsibility programs that give a sense of purpose to employees by connecting them to the community.27 Along with this, companies should consider using the power of social media and branding to change marketplace perceptions and attract next-generation talent. It’s important for companies to recognize that today’s digital natives have different aspirations and expectations.28 Policies that enable mobility—such as flexibility to work from any location or make lateral moves within the company to build a portfolio of experiences—and revamped performance management and incentive programs may elevate the sense of belonging and recognition among employees. The 2018 Deloitte Millennial Survey indicates diversity and flexibility as the keys to loyalty.

Redevelop internal talent pool
There is significant variance in investor perception about companies’ ability to reskill baby boomers across geographies. More than 9 out of 10 Singaporeans and Chinese surveyed believe CRE companies are not doing enough to retool baby boomers, compared to 50 percent of Brazilian and Japanese respondents.

The baby boomer workforce itself is generally divided between employees who want to exit the workforce and ones who would like to continue to be in employment, albeit with more flexibility.30 Companies should consider knowledge-transfer programs from baby boomers to Gen X and millennials in situations where the former are likely to retire. Further, companies may choose to deploy technology to automate parts of a work process. Subsequently, they can engage the available workforce, including baby boomers who prefer to extend their careers, more efficiently. Although, baby boomers would likely need to be reskilled in select areas to remain relevant.

CRE companies should develop a culture of lifelong learning; this may involve both structured and experiential learning opportunities. For instance, many employees are increasingly looking at garnering exposure to different types of work in their pursuit of meaningful work and career enrichment. Other focus areas often include developing soft skills and nurturing leadership traits at all career levels.

Diversify senior leadership and the board
Research suggests that diverse leadership teams and boards with a wider representation of women tend to have positive financial impact for an organization.31 CRE companies should become more intentional about improving senior leader and board diversity, with specific targets to recruit women and minorities, followed by tailored programs to support them through their career life stages. They should facilitate focused awareness-building sessions for majority-population members addressing the value of and mechanisms for creating inclusion and connection within the organization.

In addition, CRE companies should reward inclusive behavior such that it becomes a part of the fabric of the organization. Companies should also consider mentorship programs to help women and minorities prepare for leadership roles, and vice versa, to help senior leaders appreciate and value diverse up-and-coming talent.


CORPORATE RESOURCE

In the United States, real estate has a long history. After the Revolutionary War, no longer under England’s thumb, the federal government sold and granted land to private owners for their own use. This practice continued as the country expanded westward, most notably starting in 1862 with the Homestead Act, which allowed private ownership of U.S. land in exchange for improving and developing the land for at least five years. The U.S. government distributed more than 300 million acres of public property to private landowners through the Homestead Act, creating the basis for the real estate market.

The real estate industry evolved as the United States evolved from an agricultural society to an industrial one. Several shifts occurred during the transformation of the Industrial Revolution. For one, urban centers swelled as people moved to cities to work in factories. These workers needed places to live, and they had money to spend. In addition, as the United States increased its wealth through industry, banks and other financial institutions stopped their practice of lending only to the wealthy. Suddenly, the middle class and blue-collar workers were able to secure mortgages. Home ownership became more common.

As cities developed, the need for real estate transactions increased. Office buildings, retail centers, hotels and restaurants, and residential housing boomed, and someone was needed to develop, sell, and manage it all. Soon, urban sprawl would create the need for suburbs, and with that more housing, town centers, and eventually, businesses.

There’s no avoiding the facts: The real estate “bubble” has burst. Beginning in 2006, a significant housing downturn affected all corners of the real estate industry-from commercial real estate developers to real estate investment trusts (REITs) to mortgage lenders. Whether you’re looking to rent out apartments or develop condominiums, the atmosphere is vastly different from just a few years ago.

Of course, the basics are still the same. The real estate industry’s pared-down definition is land. However, it’s much more complicated than that. The industry involves the buying, selling, renting, leasing, and management of commercial, residential, agricultural, and other kinds of property, including all the functions that support such activity, such as appraising and financing. The successful realtor is necessarily a shrewd salesperson with a deep knowledge of real estate markets and a broad understanding of the contracts, laws, and tax regulations that apply to real estate transactions.

Thinking big is part and parcel of the real estate industry, and grandiose speculation has created some of America’s greatest fortunes. John Jacob Astor traded in his empire of beaver pelts for a gamble on uptown Manhattan real estate and in the process became the richest man in America. Arthur Levitt’s own development virtually created that fixture of American life: the suburbs. More recently, moguls like Sam “the grave dancer” Zell and the perennially overreaching Donald Trump have made fantastic fortunes on real estate gambles. Even for non-billionaires in the industry, the thrill of deal making, the promise of financial reward, the potential to have a lasting impact on cities and communities, and the sociability make real estate a rewarding profession.

Subprime Mortgage Crisis
Subprime mortgages, which are mortgages given to borrowers who do not meet typical lending criteria, generally upon which little or no down payments are made, had been increasingly popular through the early 2000s. Several lenders led people with questionable credit into these loans by giving them a low interest rate for the first few years. But when those years ended and interest rates skyrocketed, the homeowners who had entered into these subprime mortgages were no longer able to pay. Starting in late 2006, the real estate industry saw sweeping foreclosures, tighter requirements for mortgages, and bankruptcies of more than two dozen subprime mortgage lenders, including major government financers Fanny Mae and Freddy Mac. Though several properties became vacant, it was harder for buyers to get money to buy those properties and the markets became stagnant.

In early 2009, President Barack Obama’s stimulus package offered benefits, such as tax credits and home-improvement incentives, to help homeowners recoup their losses and encourage new homebuyers to enter the real estate market. Foreclosure rates continue to grow (they were up 4.6 percent in June 2009 over May) as record unemployment and the down economy render people unable to pay their mortgages. The problem is spreading quickly through the commercial real estate market as well. As of July 2009, there were $108 billion worth of distressed commercial properties in the U.S., and experts predict commercial real estate prices will tumble 40 or 50 percent below their peak in 2007 before the crisis subsides.

Technology advancements and interconnectedness will increasingly influence CRE business models. As we have observed, most institutional investors are committed to the CRE industry over the next 18 months despite concerns around a flattening yield curve, various country tax reform initiatives, the potential of trade tariffs in the United States, and the uncertainty around the impact of Brexit in Europe. Their investment mandate is leaning toward technology-enabled companies that emphasize tenant and employee experience, and newer real estate assets and business models. One may argue that investors perhaps have tunnel vision, as they fundamentally focus on the return on their investments.

Investors’ investment mandate aligns with our analyses of the technology influence on the CRE ecosystem over the last four years. CRE companies will have to find ways to realign their business priorities and adapt to the new demands of their stakeholders to remain relevant.

To enhance agility, CRE companies should innovate continuously and improve organizational fluidity rather than work within set guidelines and in silos. Running pilots of new products and services with a “fail early, fail fast, learn faster” approach could allow them to learn from failures, develop better offerings, and/or discard the unviable ones.

Taking it all in can be a challenge. And adopting new behaviors and mind-sets tends to go against the grain for most people. But the alternative to proactive change is organizational irrelevance. Although some CRE companies won’t adapt, many of their competitors will—taking not only their customers and top talent but the investment dollars as well.
Ultimately, the winners will be those that can adapt to the forces of change faster than the speed of change itself.


PRODUCTIVITY

A survey of 500 global investors, which provides insights on factors that are influencing their CRE investment decisions, revealed the following key themes:
-A large proportion of respondents plan to increase their capital commitment to CRE, with the United States, Germany, and Canada leading the way.
-Nontraditional assets such as mixed-use properties and new business models such as properties with flexible leases and spaces are expected to attract an increased allocation of investment dollars.
-Many surveyed investors expect to prioritize their investments in existing and potential investee companies that respond rapidly to changes in business models and adopt a variety of technologies to make buildings future ready.
-Survey respondents see a significant impact from technology advancements on legacy properties in fewer than three years

With investors seemingly committed to investing in newer business models and a tech-enabled ecosystem, how can CRE companies cash in on the gold rush?
Fundamentally, CRE companies should gain a thorough understanding of the changing usage pattern of the built space. Take the example of WeWork, the co-sharing space owner that is positioning itself as a “services” company rather than a property owner-operator. Since its inception in 2010, the company has grown from a single space in New York City to 287 physical locations across 77 cities and 23 countries globally, as of August 2018.2 At $20 billion, WeWork is considered among the most valued tech startups, following Uber and Airbnb.3 The company’s growth outstrips many traditional CRE companies.

What are the companies with new business models doing differently? These companies, which can be considered change agents, are typically retaining the core ethos of the real estate business—the importance of location—while changing the mind-set about how the physical space is consumed. Powered by technology, their value proposition lies in augmenting the user experience. For instance, WeWork’s goal appears to be to create not only a functional experience but also a memorable one through a vibrant ambience, varied open-seating options, amenities, and networking opportunities for the on-the-go millennial and Gen Z workforce.

Change agents like WeWork are repositioning the CRE asset as not just a physical space but a service hub. In addition, they strive to differentiate themselves with a nimble and flexible business model. Once CRE companies are ready to change their mind-set, agility tends to be the most important factor that can enable them to rethink the way they approach change, remain competitive, and grow.

Given the increasing uncertainty in the CRE sector, this year’s outlook takes stock of the current business environment and uncovers key investor preferences on capital allocations, use of technology, cyber risk management, talent, and the role of proptechs. We also provide actionable recommendations for how an agile CRE company can respond to these key investor preferences.

Increase tenant centricity
CRE companies should reimagine tenant experience by weaving technology throughout the tenant life cycle. This can help strengthen tenant stickiness and therefore valuations. For instance, CRE owners and developers can use a combination of augmented (AR) and virtual (VR) reality, commonly known as mixed reality, to allow potential buyers or tenants to visualize the new property using a 360-degree immersive experience and offer multiple finished site options. This may also expand the reach to potential clients across different geographies. Companies could also leverage technologies such as Internet of Things (IoT), artificial intelligence (AI), and predictive analytics to (re)develop and tailor existing or new buildings to suit changing tenant preferences and to anticipate tenant needs. This also provides an opportunity for CRE companies to partner with tenants to augment the end-user experience.

Companies should reconsider their existing tenant mix, as physical spaces that offer diverse experiences are providing an opportunity to yield higher occupancy and rents. CRE companies should consider using traditional and alternative data, AI, and predictive analytics for smarter tenant repositioning by having a more diverse tenant portfolio. For example, some retail owners are now offering empty mall space to retail incubators or even co-sharing workspaces.

These new arrangements seem beneficial to most stakeholders, even though these new forms of tenants occupy a relatively smaller portion of the leasable space. Retail incubators get a marketplace to demo their products before they expand their physical presence, and people working in co-working spaces get more networking opportunities and increased “walkability” for their eating, shopping, and entertainment needs.10 And of course, for retail owners, all this generally means a higher-value experience for the entire property due to an attractive tenant mix and increased retention of existing tenants through higher foot traffic.

Companies can add other leading models, such as enhancing existing lease administration processes, to better offer short-term leases or a hybrid along with longer-term leases. With increased business uncertainty, traditional tenants are looking at more flexible leases, while the newer form of tenants thrive on such lease models.11 Landlords, for their part, can see a direct benefit on their net operating income by leasing out vacant spaces. Moving from longer-term to short-term leases may require a change in financial forecasting techniques, as it would impact revenue stream predictability.

By revamping the user experience, tenant mix, and lease administration processes, companies can not only reduce tenant risk but also create a differentiating brand.


MARKET

The National Association of Realtors expects home prices to keep increasing through the year. However, according to new data, economists estimate that home prices will rise more slowly in 2019 than they did in 2018. Zillow’s forecast, for example, calls for the average property price to increase by about 3.8% nationally. On the other hand, Realtor.com has them rising at just 2.2%. Nonetheless, the fact remains that sellers are asking for prices that first-time home buyers can’t afford.

Based on NAR’s data, there were some interesting variations regarding this housing market forecast based on price and region. Home prices, of course, vary by region and local real estate trends. Therefore, some cities in the US real estate market might experience a large jump in prices while others could see relatively small gains. For example, the National Association of Realtor reported that house prices in the Northeast had an 8.2% jump over the last year while homes in the West rose only by 0.2%.

Moreover, the slower growth in home prices suggests that real estate appreciation will slow down in most parts of the US housing market 2019. This means that while prices will continue to rise, the days of easy price gains might come to an end. House price increase also indicates that most first-time home buyers in the US will continue to rent. This is good news for real estate investors with rental properties as it suggests strong rental demand. Not to mention that when home prices grow, so do rental rates.
Mortgage Interest Rates Continue Rising
According to Freddie Mac, the average rate for a 30-year, fixed-rate mortgage was 4.5% in 2018. While this is low by historical standards, it’s an increase from 3.9% a year earlier. Our housing market forecast and predictions suggest that mortgage rates will keep climbing even higher in 2019. Experts project the current mortgage interest rate will even exceed 5% by 2020! Both Realtor.com and Redfin estimate that mortgage rates will rise to 5.5%, while Zillow expects rates to reach 5.8% by the end of 2019.

Assuming that this actually happens, this will drive up home buyers’ borrowing costs and even shut others out of the housing market entirely. It seems that buyers are already sitting on the fence right now – based on data from the Mortgage Bankers Association, mortgage applications have dropped 5% this February compared to the same time a year ago. The rising mortgage interest rates combined with unaffordable property prices are also keeping existing homeowners from moving up on the property ladder.

The projected result: a cooling housing market and falling home sales nationally. As of February 2019, Freddie Mac data shows that the current mortgage interest rate is 4.37%. For a real estate investor, this means now might just be the best time to buy an investment property before rates start climbing up (if you’re looking to finance your investment with a mortgage).

Overall Home Sales Will Drop
As mentioned, the previous real estate trends will lead to our next US housing market forecast which is a decline in home sales. The demand for homes for sale is diminishing as lower-income buyers are struggling to buy at current prices and interest rates. According to Realtor.com:
As we look toward 2019, we are anticipating home sales to decline around 2%. We’re expecting it to be another slightly slower year as buyers continue to wrangle with higher mortgage rates after contending with several years of rapid price growth.

As of January 2019, home sales dropped 8.5% from a year ago which is the lowest home sales since 2015 according to the National Association of Realtors. NAR is not surprised to see the slide in home sales “given the government shutdown, slowing GDP, and employment numbers in January.” This housing market forecast, however, varies by region and house prices. For example, home sales of properties under $250k in the West dropped 29% in January. However, home sales of properties above $750k in the Northeast jumped an average of 18% according to NAR.

In addition, this housing market forecast 2019 is not all bad news for real estate investors. If you’ve found an investment property for sale, you’ll have less competition against home buyers who can’t afford to buy. This is also another indicator that more people continue to see that living in rental properties is more affordable than buying a home.

Millennials in the US housing Market 2019 and 2020
The rising mortgage interest rates aren’t slowing the millennial generation’s desire for homeownership. Yes, property prices and interest rates are making homes for sale less affordable. However, the oldest millennial will be turning 29 years old this year and entering the house-buying age as their needs adjust. Moreover, millennials still make up the largest segment of buyers (45% according to Realtor.com).

As a result, we can expect that demand from millennials will continue to unfold in 2019. But the housing market forecast to keep in mind is that 2020 will be the peak millennial home buying year. Furthermore, remember that supply and demand affect the housing market. So, this pent-up demand from millennials in 2020 is likely to move home values up across all price points.
While it’s too early to tell what could happen in the real estate market by 2020, real estate trends suggest millennials might face the same unaffordability issue as home buyers today. For real estate investors, this means that buying rental properties will continue to be a good investment in the US housing market 2020.

Proptechs are increasingly popular with investors and are expanding their coverage across the real estate value chain. Consider this: Globally, almost 9 in 10 of those surveyed believe that proptechs will have a moderate to significant influence on the CRE industry. Geographically, Asia Pacific respondents are the most optimistic about proptech influence (97 percent), although North Americans plan to commit the highest percentage of their investment portfolio (roughly 16 percent on average) to proptechs. Not surprisingly, fundraising by proptechs was the highest in 2017, compared to previous years, at $13 billion.32 Yet, the number of proptech launches declined to 21 in 2017 and none in the first half of 2018 (see figure 5b).33 One reason for this trend could be investors’ preference for established proptechs, which have more evolved products/services and a performance track record.

Given the investor preference for proptechs, there is merit in CRE companies becoming knowledgeable about areas of proptech that may create value for their businesses. Proptechs are using existing and developing technology to nurture new, innovative ideas that enhance operational efficiency, tenant experience, and information flow. Take the case of Open Box, which promises automation services to real estate companies on a robots-as-a-service (RaaS) model.34 One of its applications includes automated data transfer from budgeting function to valuation, through its real estate automation engine, thus saving hours of monotonous and manual work.35 Another example is Leverton, a company that provides real estate document abstraction services through AI-powered deep learning algorithms.35 By using natural language processing and machine learning systems, Leverton’s platform is designed to extract and structure the relevant information from complicated documents related to purchase-sale, lease, title insurance, and mortgage transactions.

What should CRE companies do to be more agile at engaging with proptechs?
In our 2018 Real Estate Outlook, we highlighted that CRE companies can work with, acquire, or use proptechs’ services. However, we have seen limited engagement of CRE owners with proptechs. This is at a time when investor enthusiasm for proptech seems quite high.38 To better engage with proptechs, CRE companies can consider the following options.

Collaborate with proptechs
Today, CRE companies tend to be more aware of proptechs, but the industry seems to perceive them more as a disruptor than as a collaborator.39 This is a stage that most of the broader financial services peers have passed, and many are now looking to proactively engage with fintechs.40 It is important for CRE owners/operators to understand that it is a win-win situation, where CRE companies can match their industry knowledge and business opportunities/needs with proptechs’ technology know-how and nimbleness. Nearly a third of the survey respondents acknowledged that incumbents’ collaboration with proptechs will influence their future investment decisions. It may not be a good idea to consider proptechs as just vendors of a product or service, as it may limit the range of benefits that companies can achieve by partnering on potential innovations. For instance, as per a global agreement, Leverton will automate lease abstraction systems for JLL’s clients across North America, Latin America, Europe, and Asia Pacific.

Reassess proptech engagement approach
CRE companies may consider identifying a single point of contact to drive conversations with proptechs.42 To ensure a coordinated approach, companies may develop a governance model and guidelines to evaluate proptechs.43 CRE companies should consider assessing the size, scale, maturity, level of innovation, and relevance to existing business.

Of course, cultural differences with proptechs—because of their startup nature—are natural, and CRE companies should acknowledge these. For instance, proptechs tend to be leaner and make faster decisions compared to CRE companies. Both sides should therefore develop a shared understanding of the communication flow that allows incumbents and proptechs to coexist successfully. A bigger mind-set change for CRE companies is to increase agility by enhancing their risk appetite and adopting a fail-fast approach, as every proptech investment may not generate the desired returns.
CRE companies should also establish quantitative and qualitative metrics to measure their return on investment from proptech investments. They may consider firm revenue and cost-saving targets, market penetration, or qualitative measures such as tenant feedback and level of transformation.


FINANCE

Real estate has arrived as a meaningful and strategic long-term play for many investors. With increased investor interest in CRE, REITs can expand and diversify their investor pool. They can take advantage of the separate Global Industry Classification Standard (GICS) of real estate and help generalist investors to better understand the nuances of REIT operations, performance, and valuation. Companies can frame a targeted expansion strategy for generalist investors—such as pension, endowment, and foundation funds—who have traditionally under-allocated to REITs but are warming up on REIT investments.

For instance, on average, pension fund respondents to the Deloitte survey, plan to increase CRE capital commitment by 9 percent in the next 18 months (see figure 1), and a significant portion of this could be directed toward REITs. Further, the increased investor interest can particularly help smaller REITs (market capitalization of less than $1 billion) to gain exposure to more institutional investors, as the investors plan to expand beyond core markets in search of yield.13 CREs are also able to use data insights to achieve geographical diversification by targeting investors from different countries. For instance, our survey respondents from Canada (55 percent) are interested more in the Northeast region of the United States, while Chinese respondents (40 percent) focus more on the Sunbelt.

Global CRE investments continue to rise on the back of steady economic and employment growth in key global markets. This is despite some concerns about a flattening yield curve, various country tax reform initiatives, and the threat of trade tariffs as well as the yet to be fully determined impact of Brexit in Europe.4 In the first half of 2018, global CRE transaction volume increased 13 percent year over year (YOY) to $341 billion.5 The Americas’ volume rose by 9 percent YOY to $132 billion.6 The United States led the Americas’ growth with a volume of $122 billion (+11 percent YOY).

The trend is expected to continue, as 97 percent of our survey respondents plan to increase their capital commitment to CRE over the next 18 months (see figure 1). Respondents from the United States plan to increase their capital commitments by 13 percent in this time frame, while those in Germany (13 percent) and Canada (12 percent) show similar levels of interest. In terms of inbound capital, the United States is the most preferred CRE market globally, followed by Hong Kong and China.

Surveyed executives plan to diversify their portfolios through higher investments in newer and emerging business models and thematic investments. Over half of the survey sample aims to invest or increase investments in properties with flexible leases, and 44 percent plan to do so for flexible spaces. Investors seem to realize that their investments should be tied to the changing nature of work and tenant preferences. As such, the new capital commitment is unlikely to flow entirely into traditional CRE. For instance, survey respondents specializing in mixed-use and nontraditional properties plan to increase their capital commitment by a higher percentage than those focused on traditional properties (see figure 1c). Specifically, under nontraditional properties, those surveyed are likely to increase investments in data centers and health care (including senior housing) facilities. While investors diversify their risks, they are expected to continue to value traditional properties and longer-term and high-credit-worthy tenants.

With the change in investor preferences, CRE companies should consider rebalancing their property portfolios, focusing on creating memorable tenant experiences, and diversifying their investor base to attract higher capital investment.

Rebalance property portfolio
Investors’ capital commitment plans suggest CRE companies could have an advantage if they stay close to and demonstrate clarity on their core investment strategies, and risk alignment against those strategies, while balancing and diversifying their property portfolios. However, even the meaning of “diversification” could be challenged. Properties and portfolios could take different shapes and forms, such as building more flexible spaces and making properties more experiential and engaging.

Most traditional property real estate investment trusts, except industrials and certain classes of nontraditional REITs, are trading at a discount to their net asset values.8 Accordingly, CRE companies may also be able to take advantage of mergers & acquisitions (M&A) and joint venture or partnering routes. Companies can leverage data-driven analysis to craft a more robust strategy around current market positions and analyze how expansion into newer properties could complement their existing ones. Strategy linkage driven by supporting data can help demonstrate how a single investment not only presents operational synergies but also evolves the broader portfolio. For instance, retail owners could conduct highest and best use analysis based on location, surrounding demographics, and other macro factors to repurpose some of their vacant assets into nontraditional uses such as data centers and senior housing and create new sources of revenue.

Location Specific Industry Data :

COUNTRY STATE/REGION CITY/TOWN/LOCATION INDUSTRY OVERVIEW HUMAN RESOURCES PRODUCTIVITY MARKET FINANCE NOTES ACTIONS

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    Na początku trzeba wykonać rzetelną ocenę warunków pracy systemu i ustalić przewidywane obciążenia oraz system ochrony przed zagrożeniami elektrycznymi.
    Kolejnym etapem jest opracowaniu pełnej specyfikacji systemu, w której zawarte są diagramy instalacji i opis użytych materiałów.

    Kluczowym aspektem projektowania jest wybór odpowiednich komponentów, które zgadzać się z
    przepisy bezpieczeństwa. Ważne jest, żeby każdy komponent wpływa na
    bezpieczeństwo systemu. Dodatkowo istotne jest także
    zapewnienie możliwości łatwej konserwacji i możliwości rozbudowy w miarę rozwoju technologii.

    Na zakończenie, reguły tworzenia systemów elektrycznych opierają się na dokładnej analizie i realizacji przepisów technicznych.
    Przemyślane realizacja projektu gwarantuje niezawodne działanie systemu oraz minimalizuje niebezpieczeństwa użytkowania.
    Z tego względu każdy specjalista system musi spełniać obowiązującymi przepisami, które zapewnia bezpieczeństwa
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    Projektowanie instalacji elektrycznych w domach jednorodzinnych jest
    procesem który wymaga starannego zbadania wymagań instalacyjnych oraz zachowania aktualnych norm.
    Kluczowym elementem takiego projektowania stanowi zapewnienie ochrony użytkowników oraz optymalnego działania sieci elektrycznej.

    Przede wszystkim należy przeprowadzić rzetelną ocenę warunków pracy systemu oraz określić moc systemu oraz
    system ochrony przed zagrożeniami elektrycznymi. Następnie stanowi opracowaniu pełnej specyfikacji systemu, w której schematy rozmieszczenia przewodów oraz specyfikację komponentów.

    Kluczowym elementem planowania być wybór bezpiecznych
    urządzeń, które spełniać normy techniczne.
    Ważne jest, że każdy komponent ma wpływ na
    bezpieczeństwo systemu. Co więcej konieczne jest utrzymanie możliwości łatwej konserwacji oraz możliwości rozbudowy na kolejnych etapach.

    Na zakończenie, standardy planowania układów elektrycznych opierają się na przemyślanej strategii i przestrzeganiu
    norm bezpieczeństwa. Dokładne realizacja projektu umożliwia bezpieczne funkcjonowanie
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    Voted 1 out of 5

  14. ckp.bedzin.pl Says:

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    Głównym celem takiego projektowania być
    ochrona bezpieczeństwa użytkowników i optymalnego działania systemu.

    W pierwszej kolejności trzeba wykonać szczegółową analizę potrzeb instalacyjnych i określić parametry eksploatacyjne i środki bezpieczeństwa przed ryzykiem porażenia.

    W dalszym procesie stanowi opracowaniu kompletnego projektu instalacji, obejmującej schematy
    rozmieszczenia przewodów i specyfikację komponentów.

    Kluczowym elementem tworzenia być wybór odpowiednich materiałów, które spełniać
    przepisy bezpieczeństwa. Ważne jest, żeby
    każdy komponent ma wpływ na funkcjonalność układu.
    Dodatkowo istotne jest także zapewnienie łatwej modernizacji i elastyczności systemu w przyszłości.

    Reasumując, reguły tworzenia systemów elektrycznych są oparte na przemyślanej strategii i stosowaniu aktualnych standardów.
    Skrupulatne realizacja projektu gwarantuje niezawodne działanie
    instalacji oraz redukuje niebezpieczeństwa użytkowania.
    Dlatego też każdy plan powinien odzwierciedlać aktualnymi przepisami,
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    Voted 1 out of 5

  15. ckp.bedzin.pl Says:

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    rezydencjach to procesem wymagającym dokładnej analizy potrzeb technicznych i przestrzegania aktualnych norm.
    Podstawowym zadaniem przygotowania projektu jest zapewnienie ochrony użytkowników oraz wydajności sieci elektrycznej.

    Na początku konieczne jest wykonać rzetelną ocenę warunków
    pracy systemu i określić parametry eksploatacyjne a także system ochrony
    przed porażeniem prądem. W dalszym procesie stanowi przygotowaniu pełnej specyfikacji systemu, w której diagramy instalacji oraz specyfikację komponentów.

    Kluczowym czynnikiem projektowania być dobór bezpiecznych urządzeń,
    które powinny spełniać aktualne standardy.
    Ważne jest, żeby każda część ma wpływ na bezpieczeństwo systemu.
    Dodatkowo istotne jest także zapewnienie możliwości łatwej konserwacji oraz możliwości rozbudowy w miarę rozwoju technologii.

    Na zakończenie, standardy planowania układów elektrycznych są oparte
    na dokładnej analizie i realizacji aktualnych standardów.
    Skrupulatne planowanie zapewnia niezawodne działanie systemu i minimalizuje niebezpieczeństwa
    użytkowania. W związku z tym każdy plan powinien odzwierciedlać aktualnymi przepisami, które umożliwia trwałości i optymalnego wykorzystania energii.

    Voted 1 out of 5

  16. ckp.bedzin.pl Says:

    Projektowanie instalacji elektrycznych w budynkach mieszkalnych
    jest działaniem niezbędnym do przeprowadzenia precyzyjnego rozważenia specyfikacji systemu
    i przestrzegania obowiązujących przepisów. Głównym celem takiego projektowania być
    gwarancja bezpieczeństwa osób korzystających oraz wydajności instalacji.

    Na początku trzeba przeprowadzić rzetelną ocenę
    potrzeb instalacyjnych i ustalić moc systemu i odpowiednie metody
    zabezpieczeń przed porażeniem prądem. Następnie
    polega na sporządzeniu pełnej specyfikacji
    systemu, w której schematy rozmieszczenia przewodów oraz listę zastosowanych urządzeń.

    Istotnym czynnikiem planowania być wybór trwałych urządzeń, które muszą
    spełniać normy techniczne. Warto podkreślić, żeby każdy komponent ma wpływ
    na bezpieczeństwo systemu. Co więcej ważne pozostaje utrzymanie łatwej modernizacji oraz skalowalności instalacji na kolejnych
    etapach.

    Podsumowując, standardy planowania układów elektrycznych bazują na przemyślanej strategii i stosowaniu aktualnych standardów.
    Dokładne planowanie zapewnia niezawodne działanie instalacji oraz
    redukuje ryzyko awarii. Z tego względu każdy specjalista plan powinien spełniać aktualnymi przepisami, które zapewnia
    trwałości i wydajności systemu.

    Voted 1 out of 5

  17. ckp.bedzin.pl Says:

    Tworzenie systemów elektrycznych w domach jednorodzinnych to procesem niezbędnym do przeprowadzenia
    precyzyjnego rozważenia wymagań instalacyjnych i zachowania standardów bezpieczeństwa.
    Podstawowym celem procesu projektowania stanowi zapewnienie
    ochrony mieszkańców i optymalnego działania systemu.

    W pierwszej kolejności konieczne jest dokonać dokładne badanie
    warunków pracy systemu i zdefiniować moc systemu i odpowiednie metody zabezpieczeń
    przed porażeniem prądem. Następnie jest opracowaniu kompletnego projektu instalacji,
    w której plany układu kabli oraz opis użytych materiałów.

    Kluczowym elementem projektowania stanowi wybór bezpiecznych urządzeń, które powinny zgadzać się z
    aktualne standardy. Należy pamiętać, żeby każdy element wpływa na bezpieczeństwo systemu.
    Co więcej konieczne jest zapewnienie łatwej modernizacji i elastyczności systemu w miarę rozwoju technologii.

    Podsumowując, zasady projektowania instalacji elektrycznych bazują na starannym planowaniu oraz stosowaniu norm bezpieczeństwa.
    Dokładne podejście umożliwia optymalną pracę instalacji i minimalizuje ryzyko awarii.
    W związku z tym każdy specjalista projekt musi spełniać aktualnymi normami,
    co zapewnia bezpieczeństwa a także optymalnego wykorzystania
    energii.

    Voted 1 out of 5

  18. https://ckp.bedzin.pl/ Says:

    Planowanie układów elektrycznych w prywatnych rezydencjach jest działaniem który wymaga precyzyjnego rozważenia
    specyfikacji systemu i zachowania standardów bezpieczeństwa.
    Głównym zadaniem przygotowania projektu być zapewnienie ochrony mieszkańców i optymalnego działania instalacji.

    Przede wszystkim trzeba wykonać szczegółową analizę
    wymagań technicznych oraz określić przewidywane obciążenia oraz odpowiednie metody zabezpieczeń przed porażeniem prądem.
    Kolejnym etapem jest opracowaniu kompletnego projektu instalacji,
    w której zawarte są plany układu kabli i opis użytych materiałów.

    Niezbędnym czynnikiem planowania stanowi wybór odpowiednich materiałów, które
    muszą zgadzać się z aktualne standardy. Warto podkreślić, że każdy element ma wpływ na bezpieczeństwo systemu.
    Ponadto ważne pozostaje gwarancja możliwości łatwej konserwacji oraz
    skalowalności instalacji na kolejnych etapach.

    Podsumowując, reguły tworzenia systemów elektrycznych
    są oparte na starannym planowaniu i realizacji przepisów technicznych.

    Skrupulatne realizacja projektu umożliwia optymalną pracę instalacji oraz ogranicza niebezpieczeństwa użytkowania.
    Dlatego też każdy projekt musi odzwierciedlać najnowszymi standardami,
    co stanowi gwarancję bezpieczeństwa a także bezproblemowej eksploatacji instalacji.

    Voted 1 out of 5

  19. ckp.bedzin.pl Says:

    Projektowanie instalacji elektrycznych w domach jednorodzinnych jest działaniem który
    wymaga starannego zbadania potrzeb technicznych
    i zachowania standardów bezpieczeństwa. Głównym celem
    przygotowania projektu być ochrona ochrony użytkowników oraz
    wydajności systemu.

    Przede wszystkim konieczne jest przeprowadzić dokładne
    badanie warunków pracy systemu oraz zdefiniować
    przewidywane obciążenia oraz odpowiednie metody zabezpieczeń przed ryzykiem
    porażenia. Następnie jest sporządzeniu pełnej specyfikacji systemu,
    w której zawarte są schematy rozmieszczenia przewodów oraz opis użytych materiałów.

    Kluczowym aspektem tworzenia jest dobór bezpiecznych urządzeń, które muszą spełniać aktualne standardy.
    Ważne jest, że każda część oddziałuje na bezpieczeństwo systemu.

    Dodatkowo ważne pozostaje zapewnienie możliwości łatwej konserwacji i elastyczności systemu na kolejnych etapach.

    Podsumowując, zasady projektowania instalacji
    elektrycznych opierają się na przemyślanej strategii oraz realizacji norm bezpieczeństwa.
    Skrupulatne podejście umożliwia niezawodne działanie systemu oraz ogranicza niebezpieczeństwa użytkowania.
    Z tego względu każdy specjalista plan powinien być zgodny z obowiązującymi normami, które stanowi gwarancję efektywności oraz wydajności systemu.

    Voted 1 out of 5

  20. ckp.bedzin.pl Says:

    Planowanie instalacji elektrycznych w domach jednorodzinnych to procedurą który wymaga starannego zbadania potrzeb technicznych i
    przestrzegania obowiązujących przepisów. Głównym celem przygotowania projektu stanowi ochrona ochrony użytkowników i wydajności instalacji.

    W pierwszej kolejności trzeba wykonać dokładne badanie
    wymagań technicznych i ustalić moc systemu a także odpowiednie
    metody zabezpieczeń przed zagrożeniami elektrycznymi.
    Następnie jest sporządzeniu szczegółowej dokumentacji technicznej, w której diagramy instalacji i opis użytych materiałów.

    Niezbędnym aspektem projektowania być wybór bezpiecznych materiałów, które odpowiadać normy techniczne.
    Należy pamiętać, żeby każdy komponent oddziałuje na bezpieczeństwo systemu.
    Ponadto konieczne jest zapewnienie łatwej modernizacji oraz elastyczności systemu na kolejnych etapach.

    Podsumowując, standardy planowania układów elektrycznych są oparte na dokładnej
    analizie oraz realizacji aktualnych standardów. Dokładne realizacja projektu
    gwarantuje optymalną pracę systemu i redukuje ryzyko awarii.
    Dlatego też każdy odpowiedzialny system musi być zgodny z najnowszymi normami, co
    umożliwia efektywności a także bezproblemowej eksploatacji instalacji.

    Voted 1 out of 5

  21. ckp.bedzin.pl Says:

    Planowanie układów elektrycznych w domach jednorodzinnych to procedurą wymagającym starannego zbadania
    potrzeb technicznych i zachowania obowiązujących przepisów.
    Głównym elementem takiego projektowania jest gwarancja bezpieczeństwa użytkowników oraz wydajności instalacji.

    W pierwszej kolejności konieczne jest przeprowadzić dokładne
    badanie potrzeb instalacyjnych oraz określić moc systemu a także środki
    bezpieczeństwa przed zagrożeniami elektrycznymi.
    Kolejnym etapem stanowi sporządzeniu kompletnego projektu instalacji,
    obejmującej schematy rozmieszczenia przewodów oraz opis
    użytych materiałów.

    Istotnym aspektem planowania być dobór bezpiecznych urządzeń, które powinny zgadzać się z normy techniczne.
    Należy pamiętać, że każda część ma wpływ na bezpieczeństwo systemu.

    Co więcej ważne pozostaje gwarancja możliwości łatwej konserwacji oraz elastyczności systemu w miarę rozwoju technologii.

    Podsumowując, standardy planowania układów elektrycznych są
    oparte na dokładnej analizie i realizacji przepisów technicznych.
    Skrupulatne planowanie umożliwia bezpieczne funkcjonowanie instalacji oraz redukuje niebezpieczeństwa użytkowania.
    W związku z tym każdy odpowiedzialny plan powinien odzwierciedlać najnowszymi
    normami, które zapewnia bezpieczeństwa a także bezproblemowej
    eksploatacji instalacji.

    Voted 1 out of 5

  22. ckp.bedzin.pl Says:

    Planowanie systemów elektrycznych w domach jednorodzinnych jest
    procedurą który wymaga dokładnej analizy wymagań instalacyjnych i stosowania aktualnych norm.
    Podstawowym zadaniem takiego projektowania stanowi gwarancja
    ochrony mieszkańców i efektywności instalacji.

    W pierwszej kolejności konieczne jest wykonać dokładne badanie warunków pracy systemu i zdefiniować przewidywane obciążenia oraz środki bezpieczeństwa przed ryzykiem porażenia.
    Kolejnym etapem stanowi przygotowaniu kompletnego projektu instalacji, w której zawarte są plany układu kabli i opis użytych materiałów.

    Istotnym czynnikiem planowania być wybór bezpiecznych komponentów, które
    muszą odpowiadać normy techniczne. Ważne jest, żeby każdy
    komponent oddziałuje na funkcjonalność układu. Dodatkowo ważne pozostaje utrzymanie możliwości łatwej konserwacji i elastyczności systemu na kolejnych etapach.

    Na zakończenie, reguły tworzenia systemów elektrycznych opierają się na starannym
    planowaniu i przestrzeganiu norm bezpieczeństwa. Dokładne realizacja projektu
    zapewnia bezpieczne funkcjonowanie instalacji i ogranicza ryzyko awarii.

    W związku z tym każdy projekt musi spełniać aktualnymi normami,
    które umożliwia trwałości a także wydajności systemu.

    Voted 1 out of 5

  23. https://ckp.bedzin.pl/ Says:

    Projektowanie systemów elektrycznych w domach jednorodzinnych to procesem
    wymagającym dokładnej analizy potrzeb technicznych i stosowania standardów
    bezpieczeństwa. Głównym elementem takiego projektowania być gwarancja bezpieczeństwa użytkowników
    oraz optymalnego działania systemu.

    Na początku należy dokonać dokładne badanie warunków pracy systemu
    oraz zdefiniować moc systemu a także środki bezpieczeństwa przed zagrożeniami elektrycznymi.
    W dalszym procesie jest opracowaniu szczegółowej dokumentacji technicznej, obejmującej plany układu kabli oraz listę zastosowanych urządzeń.

    Kluczowym czynnikiem planowania być selekcja odpowiednich urządzeń, które muszą spełniać
    przepisy bezpieczeństwa. Należy pamiętać, żeby każdy komponent ma wpływ na bezpieczeństwo systemu.
    Ponadto konieczne jest gwarancja prostoty serwisowania oraz skalowalności instalacji w przyszłości.

    Na zakończenie, zasady projektowania instalacji
    elektrycznych są oparte na przemyślanej strategii oraz stosowaniu norm bezpieczeństwa.
    Skrupulatne realizacja projektu gwarantuje optymalną pracę systemu i minimalizuje niebezpieczeństwa użytkowania.
    W związku z tym każdy odpowiedzialny projekt musi być
    zgodny z obowiązującymi normami, co umożliwia efektywności oraz wydajności systemu.

    Voted 1 out of 5

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  28. what are the 3 types of steroids Says:

    When it involves slicing, there are lots of completely different steroids that can be used.
    This steroid is known for its ability that can help you shed pounds rapidly.
    It can be efficient in helping you retain muscle mass when you are weight-reduction plan. This makes it a preferred alternative for those who are trying to
    get lean shortly. There what are the 3 types of steroids a variety of different herbs and compounds that can present many of the identical benefits
    as anabolic steroids – without the unwanted aspect effects.

    It is recommended that you take days, which would require 2-3 bottles.
    Superdrol could be wiser to make use of as part of a stack in even smaller doses.

    This way you could expertise the kick & punch that Superdrol supplies
    with out running as serious of a threat of side
    effects.
    One thing about the unwanted side effects that come
    from taking anabolic steroids is that they’re almost inescapable.
    As A Result Of these medication are so powerful and take such a toll in your body – the unwanted side effects are sometimes unavoidable.
    Superdrol is a very highly effective drug as properly and is
    considered to be one of the strongest oral steroids obtainable.

    A Lot like another compounds, corresponding to Dianabol, methasterone can be nice as a kick starter for beginning a cycle.
    It will fill you out rapidly, and can make your routine seem
    to become effective a lot quicker – at the threat of a variety of
    the harmful unwanted effects. As I’ve talked about several times, Superdrol is an extremely potent compound.
    The majority of males who use the drug don’t need any greater than mg
    day by day. Even this tiny dose is enough to contribute to some of the severe side effects that we’ve mentioned earlier.

    Customers of Methasterone ought to expect great quality augmentations and weight get in a
    for essentially the most half brief 2 to 4-week interval.
    Keep In Mind that you’ll need to eat huge when taking either of those steroids if you
    want to see noticeable outcomes. Superdrol can negatively influence
    cardiovascular well being by rising bad cholesterol (LDL)
    levels and reducing good ldl cholesterol (HDL) levels.
    This imbalance can increase the danger of atherosclerosis,
    heart attack, and stroke. Common cardiovascular check-ups and
    maintaining a heart-healthy food regimen are essential for anyone utilizing Superdrol.
    Introducing our esteemed writer at SteroidsLive, Johnathan Reed, a seasoned fitness enthusiast
    with a ardour for empowering others on their journey to optimal health and efficiency.

    Superdrol also helps increase the variety of red blood cells within the physique.
    Red blood cells carry oxygen to the muscles, which helps them work harder and
    longer. Superdrol, chemically known as methasterone or 17a-methyl-drostanolone, is a
    well-known and popular substance for most power athletes and bodybuilders.
    The preparation acts like anabolic-androgenic steroids (AAS).
    However, it’s stronger, sooner and more effective than most
    anabolic steroids as a end result of it is not a classical hormone.
    This is because it belongs to a class of steroids referred to as prohormones.
    Lastly, something widespread to most AAS, Superdrol is able to increasing pink blood cells.

    With its quick half-life, you’ll need to start your chosen PCT protocol the day after your last Superdrol dose.
    Main up to the introduction of Superdrol for the final
    two weeks of this cycle, mass features of 15 lbs are achievable.
    Superdrol will build on this by doubtlessly adding another
    15 lbs of weight – however a lot of this will be misplaced post-cycle.
    Deca will help scale back any joint pain being attributable to Superdrol.

    Deca and Superdrol will combine for some unbelievable pumps, however watch out for those painful decrease again pumps.
    This stack takes bulking to an entire other degree, with
    testosterone being used at a high dose to add extra anabolic results on prime of Deca and Superdrol.

    Superdrol moves bodybuilding supplementation to the subsequent degree with this anabolic,
    potent, single dose prohormone created for bodybuilders and athletes.

    It accommodates the best dose of prohormones found on the market right now.
    This is the highest concentrated prohormone supplement you will discover.
    Simply like virtually all anabolics that improve your
    testosterone ranges, Superdrol will suppress your body’s capacity to
    make natural testosterone while you take it.
    By staying informed and cautious, you can better shield your well being whereas pursuing
    your fitness targets. †Furthermore, it’s essential to notice that the Meals and Drug Administration has not verified the efficacy or security claims made about
    this product. Due To This Fact, it shouldn’t be utilized as a treatment for diagnosing,
    treating, curing, or averting any health conditions.
    Now if you’re on the lookout for straight up mass and dimension, then Sustanon 250
    could be a stronger choice. This is a different method so the identical 20mg dosage does not apply.

    Voted 1 out of 5

  29. problem with steroids Says:

    It’s crucial to be totally conscious of those potential dangers earlier than contemplating their use.
    Understanding the potential dangers is crucial before diving into their use.
    Whereas steroids can offer some advantages, corresponding to enhanced muscle development, their long-term use can result in vital well being issues.

    A more visible result is seen when using it problem with steroids Anavar or Winstrol.

    In this case, the dosage ought to be reduced by 50% for each drug to increase dry mass after a cycle.

    We provide secure credit card payments, to guard you as a shopper when gadgets are lost within the mail, damaged in transit, or the
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    choose the proper supplement on your needs. Whether Or Not you’re on the lookout for bulking or chopping steroids,
    we may help you find the right product for your goals. The androgenic results (virilization and masculinization) are sometimes
    described as unwanted effects of AAS. These research are not the “be all” and “end all” predictions of the adverse effects.

    This is the primary male intercourse hormone that’s naturally produced by the human body.
    Anabolic-androgenic steroids, in turn, represent an artificial type of testosterone or its derivatives.

    Testosterone is the hormone that lets you achieve muscle mass, strength, and endurance.

    There are injectable steroids, oral steroids, PCT (Post Cycle Therapy) steroids, and non-steroid alternate options.
    The most common for efficiency enhancers are the injectable and oral steroids.
    We are certified and lively IFBB professionals, we’re also a reputable online anabolic steroid supply with over ten years of experience on this subject.

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    results by method of muscle definition, energy enchancment, enhanced endurance, and fats loss.
    When used responsibly and as a half of a well-rounded fitness regimen, Anavar can help individuals achieve their desired physique and efficiency goals.
    Steroids are utilized by one hundred pc of
    bodybuilders that are expert and I might transfer as much to state that 90% of the sportsmen that participate within the countrywide inexperienced stage make use of anabolic steroids.

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    In this comprehensive information, we’ll give you useful insights, precautions, and trusted sources to make sure a
    safe and knowledgeable buying experience. Adolescents and younger adults must be taught about the dangers of taking anabolic steroids beginning in middle faculty.

    Using any information provided by the web site is solely on the viewers’ discretion.
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  30. taxi g7 Says:

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  31. where does anabolic steroids Come from Says:

    This then brings on sooner results as you match more and more into every workout28.
    Most individuals won’t need to vary their food regimen or workout regime much in comparability
    with being on or off cycle. In some circumstances, like when you’re operating a cycle for contest
    prep, more specific changes are wanted to satisfy a objective.
    Still, most guys will persist with an analogous program
    with minor adjustments through the cycle in comparison with when off-cycle.
    Halotestin must be run for not than three weeks, with 30mg day by day
    really helpful as the utmost. Take Tren at 300mg weekly,
    Anavar at 50mg every day, and don’t forget your testosterone prop at 300mg weekly.
    It is perfect for contest prep, especially when you add Halotestin for the final three
    weeks of the cycle, which will harden up the physique whereas boosting energy quite
    dramatically.
    Dianabol may be cycled by itself, among intermediates, or stacked alongside different
    bulking steroids by superior customers. Dianabol ought to never be taken with one other hepatotoxic oral steroid
    (such as Anadrol, Superdrol, or Winstrol). Surprisingly,
    men’s physique athletes cycle Anadrol briefly
    before a contest to considerably increase muscle
    fullness. We find that they keep most definition by adopting a low-sodium food plan, which successfully prevents extracellular fluid retention. The mixture of excessive
    estrogen ranges and sodium-rich diets is what causes bloating.
    Superdrol isn’t stacked with different steroids due to its extreme
    antagonistic effects. Thus, a Superdrol-only cycle is commonly utilized
    by bodybuilders attempting to overcome plateaus.
    CEC additionally remained unchanged in transgender males (female to male) undergoing treatment with
    testosterone gel or injections (138). In contrast, cross-sectional
    research demonstrated impaired CEC in AAS customers compared
    with age-matched, strength-trained nonusers and sedentary controls (139).
    It is feasible that the higher dosages used, use of
    varied AAS, or completely different methods used to measure
    CEC (which is not standardized), might underlie these
    differences. Male-pattern hair loss, or androgenetic alopecia, is an androgenic condition par excellence.
    In the Nineteen Forties, James Hamilton described how male-pattern baldness didn’t develop
    in castrated males until they have been administered testosterone (72).

    Thailand is thought to be the cheapest country to buy Dianabol
    and different steroids from. Ideally, the one that recommends a supply to you must have bought from the supplier a number of instances earlier than and used a testing equipment to ascertain that the product is
    real and in the correct dosages. Bodybuilders not fortunate
    sufficient to live in Mexico or Thailand (where does anabolic steroids Come from methandrostenolone is legal) generally buy Dianabol on the black market (illegally).
    Dr. Scally has efficiently treated a hundred men for hypogonadism with effective PCT
    protocols such as this one. We have additionally had success in accelerating
    HPTA restoration with this trio.
    Notably, all parameters returned to baseline at the finish of follow-up.
    However, this does not preclude the chance that these changes may turn out to be everlasting with extra prolonged AAS use or with
    repeated cycles that provide too little time for restoration to take place in between. This
    is very worrisome as there is considerable evidence that myocardial
    harm, which can accumulate in years of ongoing AAS use, is
    a main cause for sudden cardiac death in AAS users (217).
    The premise of hormonal male contraception hinges
    on the negative suggestions exerted by intercourse hormones on LH and FSH secretion. Curiously, even a dosage that is roughly
    twice that of TRT (200 mg testosterone enanthate weekly) solely partially
    suppresses LH (-66.7%) and FSH (-62.5%) and,
    indeed, leads to azoospermia in solely about two out of three males
    (182). As such, efforts have been made to finish gonadotropin suppression by including progestins.
    One cause for this might be that the low intratesticular testosterone levels derived
    from the circulation proceed to stimulate spermatogenesis in some men (180).

    One Other advantage of oral testosterone vs. injectable
    testosterone is its rapid results. We see serum
    testosterone ranges peaking within the bloodstream simply 5 hours after the first dose of oral testosterone.
    Seasoned steroid customers who take Superdol for
    the primary time are sometimes shocked by its ability to add lean muscle tissue
    and trigger monstrous improvements in power. Superdrol is an acceptable name for this steroid concerning strength positive aspects.
    The power features we’ve noticed from Superdrol have been unsurpassed by different anabolics.

    We have even found such power will increase to become harmful (increasing the risk
    of injury). There are other medication that bodybuilders use
    for slicing functions to scale back fat mass (which aren’t officially
    steroids), similar to clenbuterol and Cytomel
    (T3).
    After injection, an oil depot types contained in the muscle tissue and spreads alongside the
    muscle fibers – seemingly squeezed between them – forming an elongated shape (3).
    The AAS progressively diffuse out of the oil depot and into the interstitial fluid.
    The price at which this occurs strongly is decided by the carboxylic acid group that is attached onto the mother
    or father molecule at carbon 17 of the steroid nucleus.

    People argue it’s misplaced some of its artwork and there are
    big well being dangers too. Now, it’s all about who may be the largest, nearly like they’re
    out of a cartoon. The story begins with a wish to break human limits, resulting in steroids’ rise within the sport.
    Icons like Arnold Schwarzenegger, who clinched the Mr.

    Olympia title in the early ’70s, stand in distinction to today’s athletes.
    The latter uses a combination of medication to build muscle, permitting
    for tougher, extra regular coaching.
    In distinction, customers who inject 30 mg of Dianabol will
    experience the complete dose. Girls can expertise vital muscle progress on simply 2.5–5 mg of
    Dianabol per day. At this dose, we have had women avoid virilization side effects, that are generally experienced at doses
    of 10 mg or extra per day.

    Voted 1 out of 5

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