Chris Thornberg, PhD of Beacon Economics, was the keynote speaker at the Voit Real Estate Services’ 2022 Economic Forecast & Market Trends Event.

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Wow, what a rollercoaster of a year! 2021 was anything but boring or predictable. At times painful, at times scary, it was a year of upheaval on the economic front, as governments at all levels made bold moves to quiet the pandemic. We probably won’t know for a while whether the response was effective, but the business community found a way to make the best of a miserable situation.

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If your business is like most others, the cost of your facilities is one of your largest expense line items. So, it is important to make sure that you do everything possible to control that cost whether you own or lease your space because the impact on your bottom line is outsized in comparison to most of your other expenses. 

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If you’ve had to secure a new facility for your business in the last several years, you probably know just how difficult it can be to make happen. Business owners throughout Southern California have been struggling with the problem of short supply for more than 10 years, and the situation is not improving.

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After another wild year, we look back on it realizing that we still have a lot to be grateful for. First and foremost, we thank you for the confidence you’ve shown in us to assist you with your commercial real estate needs. Thanks to you, our team has enjoyed another successful year, one that exceeded even our own expectations. So, as we head into this holiday season, we hope that 2021 ends on a high note for you, your family and friends.

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