Market upturns such as we’re experiencing bring a greater number of entrepreneurial projects – it’s the free enterprise system’s most reliable behavior and probably its greatest feature. Without entrepreneurs, markets and wealth would concentrate into an ever-smaller segment and stagnation would follow, as discovery of new ways of adding value would be postponed forever.
Commercial real estate is no exception. Practitioners, tech folks and others split off from brokerage or services firms to seek their own fortune, widening the marketplace and leveraging what and who they know — and why and when they know it. The ways in which this takes place changes over time, even if the motivations don’t. Let’s take a look at three such new arrivals to the commercial property marketplace.