Quattro Development, a prominent name in the world of commercial real estate, is at the forefront of reshaping the industry in the United States. Co-founded by Rob Walters and Michael Liyeos, this dynamic duo has not only thrived in challenging economic times but anticipates and embraces the transformative shifts currently underway.

One of the key challenges Quattro Development faces is the rising tide of construction costs. Despite a glimpse of relief in 2023, experts predict a continued 5.4% increase in construction costs. This trend, coupled with evolving consumer demands, has led Quattro Development to emphasize the importance of building from scratch to meet specific tenant requirements.

The company also recognizes the time and complexity involved in the construction process, with municipal approvals and permits often becoming bottlenecks. Quattro Development sees potential in targeting states and municipalities with streamlined regulations to expedite construction, providing much-needed agility in an evolving market.

Furthermore, Quattro Development anticipates a potential lull in property supply due to elevated interest rates and reduced construction lending by banks. However, this is juxtaposed with a growing demand for housing in the United States, leading to possible rent increases in certain sectors, such as multifamily and industrial.

Adapting to these challenges, Quattro Development champions creative lending options as a necessity in the current market. Drawing from their own experiences during the Great Recession, the founders emphasize the importance of networking and innovative financing solutions to secure capital for projects.

In conclusion, Quattro Development remains optimistic about the future of commercial real estate, urging industry players to embrace change and find opportunities within the evolving landscape. With their experience and forward-thinking approach, Rob Walters and Michael Liyeos are leading Quattro Development toward a promising future, shaping the commercial real estate sector in the United States.