Including affordable housing in mixed-used developments is becoming immensely popular. And it’s not just the typical development with retail on the ground floor and multifamily units above.
With age-in-place technology advances growing like never before, designers of senior living communities are upping their game with wellness initiatives, modern food options, and amenity offerings that have made active senior living far more desirable than it was in the past.
As tech disruption continues to improve many aspects of our consumer lives, there is no shortage of technology trends in commercial real estate. With technologies like the Internet of Things and Artificial Intelligence still in their infancy, the future of this market is exciting.
Thanks in large part to the consumer demand for online ordering, the United States industrial real estate market continues to boom. Investors have noticed, with some of the larger players hitting heavy acquisition mode as the market battles a supply and demand crunch.
PricewaterhouseCoopers and Urban Land Institute just released their annual Emerging Trends in Real Estate report for 2017. The report, based on interviews and surveys with industry experts, focused on three game-changers:
1). Limited housing inventory and the lack of affordable middle-class housing are top concerns for real estate professionals.
2) Labor shortages are inflating construction costs. The problem isn’t going away, but vocational training and apprenticeships, as well as potential immigration reform may help ease the problem.
3) New technologies are having favorable effects, including innovations that make buildings smarter and more efficient, and augmented reality (AR) technologies that improve collaboration between builders, architects and developers during the construction process.