A few #realestate predictions for the coming decade....
1.Hotel-like service & hospitality will continue to creep its way into every asset class. Amenities that offer convenience to tenants/customers will win out over amenities focused on nicer finish-outs.
1.Hotel-like service & hospitality will continue to creep its way into every asset class. Amenities that offer convenience to tenants/customers will win out over amenities focused on nicer finish-outs.
2.Blockchain-based property management software will be used to record day by day property records (i.e. when a tenant puts in a maintenance request, how the property manager handled the request, when the work was completed, the receipt, etc.), creating a digital asset that will
accompany the physical asset. Owners that create digital assets (more transparency) to accompany their physical assets will not only become smarter but will have more valuable properties.
3.State of the art urban cold-storage facilities will be designed and built to keep up with growing food-delivery demand.
4.Properties that allow for 18-wheeler storage & maintenance will increase in demand. Zoning for this use is finite.
4.Properties that allow for 18-wheeler storage & maintenance will increase in demand. Zoning for this use is finite.
5.Blue-collar construction jobs will become cool again, which will lower labor costs.
6.More CRE Private Equity firms will form to take advantage of vacant malls AND bankrupt college campuses.
6.More CRE Private Equity firms will form to take advantage of vacant malls AND bankrupt college campuses.
7.Urban development timelines will continue to grow longer as community mobs can quickly grow online to fight change. Urban development becomes more expensive and risky.
8.VC funding increased for technology that will cut into the fee’s brokers charge.
8.VC funding increased for technology that will cut into the fee’s brokers charge.
9.Marketplaces will be created for owners to connect with tenants directly.
10.Industrial CRE bull-market will continue throughout the decade.
10.Industrial CRE bull-market will continue throughout the decade.
11.Doctor’s /dentists will offer to “AirBnb” their medical offices to mobile doctor’s who use the space after hours and on weekends to accommodate people who can’t come in during regular hours.
12. RV Parks/ Mobile Home Parks/ living on a boat in a marina become “cool”. More affordable, more mobile, and pay no property tax.
13.Sunbelt states will see the most demand and value creation as select coastal state populations continue to migrate.
13.Sunbelt states will see the most demand and value creation as select coastal state populations continue to migrate.
14.Title companies will fight to stay alive as blockchain replaces the need for title insurance.
15.Any real estate asset can “go public” as tokenization takes effect. It will create permanent capital opportunities for assets.
15.Any real estate asset can “go public” as tokenization takes effect. It will create permanent capital opportunities for assets.
16.Ghost Kitchen’s will become the norm.
17.An oversupply of high square footage homes will continue to hit the market as boomers look to downsize and millennials have no desire for “big” expensive-to-maintain homes.
17.An oversupply of high square footage homes will continue to hit the market as boomers look to downsize and millennials have no desire for “big” expensive-to-maintain homes.
18.Private school tuition increases will push more people back to public schools, which will create excess demand in certain school districts. Real estate prices in the best public school districts will soar.
19.Urban pet hotels / day-care borders will increase in demand as people have less kid’s and pets continue to be humanized.
20.Corporations will start buying up strategic housing that is offered to their employees. Their scale will allow them to pass on cost savings that offer better living standards for employees.
