A big, busy 2022. That’s what the attendees at REjournals’ Louisville Commercial Real Estate Summit expect. And that’s why there was so much optimism at the event held Sept. 15 at the Olmsted in Louisville.
More than 100 CRE professionals from the Louisville market attended the event, focusing on the struggles brought by the COVID-19 pandemic and the bright future that they expect for this market throughout the rest of 2021 and into 2022.
The optimism seems justified. Louisville’s CRE market has held its own throughout the pandemic. And both the multifamily and industrial sectors here have been thriving. And while office and retail have seen challenges, summit attendees expressed hope that both sectors will see better times in 2022.
Participating in development panel were Emily Liu, Director, Louisville Metro Planning & Design Services; Earl Winebrenner III, Managing Member, Winebrenner Capital Management, LLC, who served as moderator; Cyndi Whitmer MBA, CCIM, Appraiser, Integra Realty Resources, WCRE Louisville Chapter; and John Fisher, Managing Member, FISHER’s Real Estate Brokerage & Betterment Haus, LLC.
The developer panel had good news to share, too. It’s true that, as panelists said, developers still face challenges. Most notably, lead times are long on key building materials and these materials are more expensive today. At the same time, it’s not always easy, too, to find the labor needed for bigger development projects.
But on the positive side, panelists said that development in the Louisville market …….