Source: CSQ —
Four tips for commercial real estate professionals looking to harness the power of innovative communication strategies to succeed, even during an economic downturn.
What a difference a year makes in commercial real estate. During growth periods like the past decade, the sector experiences record profits, sky-high property values, and ample development opportunities. However, economic downturns usually hit commercial real estate industry harder than other sectors.
As the United States looks into the abyss of a probable recession, commercial real estate brokers are now riding this seesaw. From shopping malls to office buildings to warehouse space, heightened interest rates are fostering lower market demand and making transactions more difficult to complete.
Many in commercial real estate will be inclined to slash costs anywhere they can, including on marketing. This would be a mistake. Now is the time to invest in smarter and more effective marketing and consider outside-of-the-box strategies that help differentiate real estate brokers and their listings from the competition when times are tough.
Below are four tips for commercial real estate professionals looking to harness the power of innovative communication strategies to succeed, even during an economic downturn.
