NTCAR’S LOOK AHEAD
|Proving she’s more than Bisnow's development diva, Joni Margottasnapped the standing-room-only crowd Thursday at the NTCAR's annual forecast breakfast at the Frontiers of Flight Museum, which featured Grubb & Ellis’ Moody Younger, Transwestern’s Chris Hipps, CBRE’s Steve Trese, The Weitzman Group’s Michelle Caplan, and JLL’s Jack Crews. The conclusion: DFW CRE had theflu. It got the chills and then in 2010 got out of bed to start moving a little. (We're still trying to get word on whether the chicken soup in this metaphor is stimulus or tax cuts. We'll keep you posted.)
|Recapping: There’s not a lot of new development overall and the best markets for retail are already established. There's still hospitality to consider. Reducing expenses may still be the name of the game. And, while there’s not a lot of change in the way space is being used necessarily, large private space isn’t being eliminated but re-distributed with the goal of collaboration and a sense of community. The crystal ball for 2011: We’ll see a 2% leasing increase with retailperforming positively. Consumer confidence is coming back and underwriting needs to loosen up.