Construction Is the New Constraint: How Developers and Investors are Adapting

The podcast explores how commercial real estate development projects are being completed in the current environment, focusing on challenges and solutions. Material scarcity and supply chain issues are discussed, with speakers noting diversification of supply chains and strategies like pre-ordering materials. Labor shortages are also a key concern, addressed through flexibility, AI, and union apprenticeship programs. Zoning and entitlement bottlenecks are examined, emphasizing early community engagement and proactive ordinance understanding. The availability of power is another critical factor, requiring early discussions with utility companies. Speakers highlight the importance of a team approach, thorough due diligence, and avoiding the cheapest bids to ensure project success. They express optimism about opportunities in data centers, industrial distribution, and the skilled trades.