24 Months in a Lifetime

I was discussing our economic condition with some colleagues the other day, and as is the case with most of these conversations, we began discussing the length of time that this crisis would grip us.  The truth is, our current environment will recover in much of the same way it deteriorated. 

Regardless, it is hard to believe that we will be void of serious problems for less than 24 months.  Sure, there will be bright spots along the way, increased lending and the flow of cash, residential real estate sales, employment growth, etc, but its hard to imagine that we will feel “confident” for at least two years.

Think of it…2 years…in a lifetime.  I’ll take that.  I look to March 1st, 2011 with great anticipation.  Opportunities will be plentiful.  And I will go about a new chapter in my life with lessons learned from the past and a deeper sense of appreciation for what I have.  I hope we can all see that.

In the CRE industry, CoStar helped you tremendously during the good times.  The applications helped you identify properties for clients or allowed you to acquire the right property for the perfect investment.  However, as we fight through the next two years, CoStar can be an even greater asset to you in managing your business through tough times.  Do you know class B vacancy rates in Northern Johnson County?  Unlike other applications, CoStar allows you to look deep into a market and manage it on a micro-level, in order to truly help your clients, or yourself, make informed and educated decisions.

I am blessed during these tough times to see the “creative” and “dedicated” side of commercial real estate.  Those that apply the creativity and dedication over the next two years are those that will find success even greater in 2011 and beyond.

Please let me know how I can help you use CoStar in creative ways.

 

Training

Please keep in mind that I am available for trainings online at anytime.  The one thing I have found is that it is easier for clients to remember specific applications when a particular objective is being achieved.  My cell phone is readily available and I will do my best to work with you as you work to provide your client with the most up to date real estate information.

Thanks as always.