Every day, commercial real estate trends are evolving and changing. It can be tough to keep up with all of the changes, but it’s essential to stay informed so you can make the most advantageous choices for your business. In this blog post, we’ll take a look at some of the most anticipated CRE trends for the coming year.
Brick and Mortar Retail Sales
Retailers are working to offer online shopping, in-store pick-up, and two-day shipping options to accommodate ecommerce. However, this is that retailers must figure out ways to entice consumers back into brick and mortar stores. An example of this would be Amazon’s purchase of Whole Foods for $13.7 billion, which will allow Amazon to compete in the retail food market.
Another major shift in this area is that millennial consumers move towards shared services, including co-working spaces. This creates an opportunity for retailers to invest in brick-and-mortar stores once again. Retailers are also looking at ways to make shopping more convenient by offering mobile payment options and more in-store product demonstrations.
The multifamily living trend continues to grow as more and more people choose to rent instead of buy. This is partly because many millennials are still unable to afford a home. Additionally, many people are moving to larger metropolitan areas where the cost of living is higher.
As a result, developers are building more multifamily complexes, and investors are putting more money into this type of property. The demand for multifamily living is expected to grow in the coming year, so it’s a trend that businesses should keep an eye on.
The use of digital technology is increasing throughout the commercial real estate industry. The development of artificial intelligence and wearable technology will allow businesses to be more efficient than ever before, which means that CRE trends in this area are an essential factor for business owners and investors alike.
One example would be intelligent offices, which use digital technologies such as wearables and robots to operate more efficiently. Another example would be the use of drones to conduct inspections. Finally, remote working is on the rise, which means that digital technology will also play a role in how people work remotely.
Whether you’re looking for commercial real estate for your business or seeking to invest in CRE trends, it’s essential to keep up with new and upcoming changes. By staying informed, you can make the most profitable decisions for your company.
Originally published on Jack Nourafshan’s website.