Every new year brings different commercial real estate trends, but with the pandemic still ongoing, it can seem like these trends are changing day to day. In fact, in the Fall of 2021, a ULI Americas survey predicted that commercial real estate values would increase 10% in 2021 and 7% more in 2022. But the reality is that commercial real estate professionals need to be leaders in these trends. If you want employers to get their employees back in the building, giving them buildings with fantastic amenities to lease with is the best course of action.
Trends to Watch Out For in the New Year
According to the BOMA 2021 International Conference and Expo panelists, 2022 will be the year office buildings make a comeback. Employers want their employees on-site, though they will probably allow a hybrid work environment to retain and appease them. As such, amenities like private gyms, cafeterias, and stocked lounges, will be key to keeping office buildings thriving.
COVID and the ensuing stay-at-home orders have hit hotels and retail real estate the hardest. The BOMA 2021 panelists believe that hotel real estate will have a considerable boom on the other side of COVID because people will want to get out and travel after nearly two years at home. But retail will continue to be challenged, especially with the pandemic's uptick in online shopping. Some brands, like Walgreens and CVS, will remain essential tenant anchors.
But probably the hottest trend for commercial real estate in 2022 revolves around industrial properties, especially with the recent supply chain shortages. Manufacturing businesses need more warehouse spaces to support their logistics pipelines.
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If you are a commercial real estate investor or a business owner looking to purchase a piece of commercial property, we'd love to talk to you. At Monachan Law, we can handle all of your commercial real estate closing needs. The commercial real estate market is always a good investment, don't let fear hold you back. To schedule a consultation, call us at (347) 389-1682 or schedule an appointment online today.