From design trends to stock market trends, every industry is subject to a range of influences that also create certain trends. Commercial real estate is no exception. Here are the top three commercial real estate trends to watch for in 2019.
A Greater Boost from Technology
There is no doubt that technology is having a strong impact on the world of commercial real estate. From prospecting to blockchain-driven smart contracts, technology is helping investors in every step of the process. The challenge facing investors, however, is determining just how much faith to put into this emerging tech and how much to stick with what is tried and true.
A Resurgence in Brick-and-Mortar Retail Spaces
Thanks to the rise in online shopping, commercial investors have become somewhat leery of investments in retail spaces. There are two trends, however, that give credence to the idea that brick-and-mortar retail is far from dead. The first is the move of a number of previously online-only retailers into brick-and-mortar stores. The second is car dealers ranging from Tesla to Audi moving from large dealerships to smaller retail storefronts and shopping malls.
Millennial Transformation of Suburban Planning
When millennials were predominantly in their 20’s, they craved a more urban environment just like their parents and grandparents did in the full blossom of their youth. As they move into their 30’s and start bearing offspring of their own, they are migrating en masse to the suburbs. Just like their parents and grandparents did before them.
Unlike their parents and grandparents, however, millennials want to take all of the conveniences of the city with them. Rather than moving into sprawling planned communities with a grocery store a quick drive away, millennials prefer smaller, planned communities with all of the conveniences of city life just a quick walk away. This means more opportunities for offices, retail, and restaurants.
Why Moving to the Membership Model Spells Success for Resorts
The concept of the membership model seems to fit perfectly with the hospitality industry’s goals — build personal relationships, create brand loyalty, and of course see steady revenue.
Resisting New Smart Technologies is Risky Business for Resorts and Golf Courses
As technology continues to creep into every aspect of our lives, those not willing to adapt and implement new systems are taking a risk.
Owning a Piece of Paradise: Timeshares, Fractional Ownership & Whole Ownership
Timeshares aren’t the only way to own a piece of paradise. Vacationers can now choose between timeshares, fractional unit ownership, or whole unit ownership. So what exactly is the difference? It all comes down to the type of ownership you want for your vacation home.
The Best Financing Options to Launch Your Golf Course or Resort Project
If you’ve been dreaming of a life centered around playing golf or sitting poolside with a Mai Tai, luckily for you,turning that dream into a reality might not be so far out of reach.
Top Ten Smart Tech: Smart Devices For Rental Properties
Rental properties, whether a single-family home or office building, could use some automation to enhance their charm, efficiency, and safety.
How Flagged Hotels are Competing with the Independent Boutique Experience
With more hotel and resort mergers, we’ll see even more new brands compete, not only with non-flagged properties, but among their own company’s brands as well.
Top 5 Trends in the Hospitality Industry Today
The hospitality industry is constantly changing. Technology and customer expectations have driven these changes and will continue to do so in the future. Included in this blog post are the top five trends in the hospitality industry today.
Choosing the Best Flooring for Your Commercial Property
When you walk into a business, you might not think about the flooring unless there’s a problem. Fortunately, if the right flooring is chosen it can last for many years. Let’s delve into considerations for choosing the best flooring for your commercial property.