The 'Valuation firms 2020: Convergence, integration or fragmentation?' workshop at our Summit of the Americas 2017 on May 2 asks a panel of industry leaders what the future of valuation companies will be; and with the recent addition of Cushman & Wakefield, the panel just became even more high-powered.
Cushman joins a group that already includes distinguished valuation leaders from world-leading firms:
- Colin Johnston FRICS, President, Research, Valuation and Advisory Services, Canada, Altus Group Limited
- Ed Alegre MRICS, President, Valuation & Advisory Services, Colliers
- James J Moran FRICS, Executive Managing Director and COO, Valuation & Advisory Services, Cushman & Wakefield
- John Busi FRICS, President, Valuation and Advisory Services, Newmark Grubb Knight Frank
- Thomas B McDonnell FRICS, President, Valuation & Advisory Services, Americas, CBRE
- Michael Welch MRICS, Head, Valuation and Advisory Services, Jones Lang LaSalle
The panel will help discern what is to come in the rapidly evolving North American valuation environment, with Barton DeLacy FRICS, DeLacy O’Dwyer, LLC-Accurity United moderating the session.
See what some of our panellists have to say
This panel brings together some of our industry’s most respected thought leaders, and it should be an entertaining discussion about the road ahead in our fast-paced and ever-changing business. With many national players now competing in this space, the landscape has never been more challenging. To create separation from competitors, firms must constantly re-evaluate priorities and create new growth strategies. Leaders should stretch themselves by targeting specialty property types or devoting energy and resources to new digital and analytic capabilities. I’m looking forward to discussing these trends and more with industry peers at the event.
We are at such an inflection point in the industry today. Over the course of my 36-year career, I’ve never witnessed the amount of movement I’ve seen over the past year; appraisers who have been working at the same firms and businesses that have been flying their flags for decades are now in play. By the end of 2017 I’m fairly certain the landscape we’ve all been part of will look very different than it did in 2016. When valuation professionals reflect on 2017 in the future it will be remembered as the year of ‘the great valuation migration.
In order to compete on a global scale, larger, full-service firms focused on valuation are expanding in terms of service capabilities, staffing and geographic coverage. Consolidation in our industry speeds up that process as smaller and mid-sized firms quickly assimilate into larger firms, bringing skill sets and, in some cases, new leadership. Overlaying the regulatory and compliance hurdles imposed not only on valuers but on our client base and the status quo is no longer an option.
Technology and data continue to permeate all aspects of every industry, and commercial real estate is no exception. Traditionally based on experience and know-how, our industry in general and the valuation sector in particular is now recognizing the benefits of investing in technology, and the value of data and analytics. Moreover, the millennials entering the valuation profession today expect to have these sorts of tools at their fingertips. I’m looking forward to discussing these trends, and the challenges and opportunities they present, with my valuation colleagues and our clients.
About Summit of the Americas: CHI2017
The Summit of the Americas, hosted annually by RICS, is a platform where global decision-makers from across the region address critical topics in real estate, facilities management, business valuation, and construction sectors.
Our fifth Summit takes place from May 1–3 in the heart of downtown Chicago at the Sheraton Grand Chicago. Join fellow RICS-qualified professionals and industry stakeholders from around the globe for an exclusive opportunity to network and participate in market-leading discussions across a variety of trending topics.
Find out more about the Summit
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