2024 Market Update Presented by CARW and NAIOP Wisconsin

12/23/24 • 62 min

2024 was quite a year for Wisconsin commercial real estate markets. Join speakers Adam Connor, Colliers Wisconsin; Katie Brueske, Cushman & Wakefield Boerke; Patrick Hanrahan, NEWMARK; and Sarah Eldred, Mid-America Real Estate, as they discuss the investment, office, industrial and retail markets and what's in store for 2025.

Previous Episode

Live: 2023 Economic and Commercial Real Estate Outlook with Moody’s Senior Economist, Thomas P LaSalvia

On Tuesday, January 31, CARW and REDIComps welcomed Moody’s economist Thomas P LaSalvia, Ph.D. to speak at the annual Economic and Commercial Real Estate Outlook. He focused on macroeconomic issues driving the economy and their impact on various sectors of commercial real estate both nationally and in Wisconsin. A few key takeaways involved labor and demographic shifts as well as changing consumer behavior and space utilization. His insights were surprisingly optimistic compared to other economists. Moody’s looks at a number of standard and unique indicators that reveal the market’s resilience and the long-term stability commercial real estate continues to provide for investors. Thomas’ research within commercial real estate broadly includes space and capital market performance across multiple sectors, but Thomas’s keen interest and expertise lies within the subdiscipline of optimal location theory. In addition to presenting his findings to a variety of clients and organizations, his insights are frequently published in leading industry and wider-audience periodicals including the Wall Street Journal, New York Times, Newsweek, Scotsman Guide, and Commercial Observer. Prior to joining Moody's Analytics, Dr. LaSalvia was an industry consultant while also serving as a Lecturer of Economics at The College of William & Mary.

Next Episode

A New Formula For Success - Office Conversions and Adaptive Reuse

In this episode we share the full program from the Commercial Association of REALTORS September 17, 2024, membership meeting at the historic Wisconsin Club in Milwaukee, Wisconsin. This event was a deep dive into one of today’s hottest topics: adaptive reuse and the conversion of office spaces into multifamily and mixed-use developments.

The keynote presenter, Steven Paynter of Gensler, brought insights into the challenges and opportunities surrounding these transformations. Steven, a leader in architectural design and urban planning, shared key trends, success stories, and strategies for adapting office spaces to meet changing market demands. He has led the development of a tool for rapid assessment of existing office building stock for ESG performance. Steven was recognized by Business Insider as one of the Top 100 People Transforming Business in 2022, and his work and leadership have been featured in PBS, BBC News, CNBC, Daily Mail UK, Canadian Press, The Globe and Mail, Toronto Star, RTE, and Architectural Record.

Following Steven’s keynote, CARW hosted a powerhouse panel featuring some of the most respected names in the industry:

S.R. Mills, CEO of Bear Development, known for leading impactful and transformative projects.
Johnny Vassallo, founder of Mo's, who brings a unique perspective as an innovator and investor.
Rob Oldenburg of Irgens, whose expertise in commercial development is unmatched.
John Searlas from WHEDA, offering valuable insights into the financing and policy frameworks critical to these projects.

Together, they tackled pressing questions about housing shortages, suburban redevelopment, feasibility factors, and best practices drawn from cities across the country.

Whether you're a developer, investor, or simply curious about the future of our built environment, this episode is packed with actionable insights and inspiration. So, sit back, tune in, and join us for this engaging conversation on adaptive reuse and the next evolution of commercial real estate.