In the interview, Ken and Pam share their insights on the need for another hotel brand, the research they conducted before launching SCP, and whether the ESG brandwagon is overloaded.
CBRE forecasts that global investment volume will decrease by 11% in 2023 but still exceed pre-pandemic levels in 2019.
With the growing importance of ESG, it’s essential for the commercial real estate industry to prioritize these issues. This is where CBRE, the world’s largest commercial real estate firm, comes in. CBRE is dedicated to advancing ESG in its own operations and in its work for owners and occupiers of real estate.
CBRE assesses the global economic situation as of early 2023 and the outlook for commercial real estate, in the wake of a year marked by heightened geopolitical tensions, a disrupted energy market, rampant inflation, and central banks taking aggressive action to raise interest rates in 2022.
The processes in which we buy, sell, manage, and use commercial real estate alter as technology develops.
The COVID-19 pandemic accelerated the urgency for companies and individuals to act to protect the wellbeing of the planet, their communities, their employees, and in the case of hotels, their guests. As such, environmental, social and governance (ESG) initiatives have accelerated.
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