Van W. Martin of Martin Commercial Properties Foresees Global Economic Health as Dominant Concern

East Lansing, Michigan – October 19, 2023: President and CEO, Van W. Martin, (left), a distinguished figure in the real estate realm at Martin Commercial Properties, has joined an elite cohort of real estate experts to unveil the pivotal challenges currently molding the commercial real estate landscape. As we venture into 2024, it is clear that the paramount concern is the ripple effect of political turmoil and global economic health.

Annually, The Counselors of Real Estate® delivers their highly anticipated "Top Ten Issues Affecting Real Estate®" report. With 2024 looming on the horizon, all eyes are fixed on the uncertainties brought by the upcoming election and global dynamics. Understanding and adapting to these emerging challenges will be critical in formulating resilient solutions to steer through these tumultuous times.

Martin astutely emphasized, "In spite of the formidable hurdles we've faced in recent years, our mandate remains unchanged: identify trends, chart their evolution, and confront them head-on. Flexibility and adaptability are our cornerstones, and our success hinges on recognizing the ever-changing real estate landscape and crafting effective solutions." Real estate professionals, Martin underscored, can navigate the complex terrain of 2024 by gaining a profound understanding of the prevailing trends and challenges. The 2023-2024 Top Ten Issues Affecting

Real Estate, as identified by the CRE, encompass:

1. Political Unrest & Global Economic Health
2. Occupiers, Obsolescence, and Devaluation
3. Global Housing Shortage
4. AI (Artificial Intelligence)
5. Labor Shortage
6. Migration's Impact on Real Estate
7. Economy, Interest Rates, and Inflation
8. Supply Chain, Logistics, and U.S. Onshoring
9. Do Markets Need a Pricing Reset for Values to Normalize?
10. Advancing America's Infrastructure

"As we decipher the 'next normal,' we are collectively learning how to elevate our profession for the betterment of our clients and communities," Martin expressed. "The insights and analyses provided by The CRE offer a solid perspective, guiding us as we tackle the challenges of the future."

Martin is a part of an exclusive cohort of 1,000 designated Counselors of Real Estate worldwide, standing as one of only 20 CREs in Michigan. These members span 22 countries and U.S. territories, with chapters across the U.S., Canada, and Europe. The prestigious credential signifies expertise, experience, and ethical practices in influencing real estate decisions.

Founded in 1953, The Counselors of Real Estate is recognized for its rigorous, independent, and informed analysis of real estate decisions spanning all facets of the market. The organization unites influential property professionals, including leaders from prominent real estate, financial, legal, and business advisory firms, along with respected figures from government and academia. Membership remains highly selective, by invitation only.

For a comprehensive list and in-depth discussion or to delve deeper into the role and initiatives of The Counselors of Real Estate, please visit CRE Top 10 Issues Affecting Real Estate

About Martin Commercial Properties
Martin Commercial Properties, Inc. (Martin) stands as a vertically integrated commercial real estate firm with a remarkable legacy of delivering exceptional service and unparalleled results to clients since 1962. With offices in Lansing and Grand Rapids, their team serves clients on a national scale. Martin offers strategic counsel and execution in five core areas, including brokerage services, property management, corporate services, investment services, and property development. For more information visit Martin Commercial Properties

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