Real estate, in numerous ways, is central to the process and profession of economic development. Real estate development is the lifeblood of a community's economy.
Economic development, by nature, is a deal-driven, project-heavy, and people-intensive field.
Last week I participated in a survey of economic developers around the U.S. by LeaseRef that sought to learn more about how economic developers help with real estate deals.
The survey results show that economic developers, myself included, face similar challenges and share similar sentiments about commercial real estate development. The data speaks for itself.