The 2023 Commercial Real Estate Outlook, Office Park Apocalypse, but safe in Boston? ADA Required Signs for TOC

Other CRE Trends to monitor:

  • Increased use of technology: leveraging digital tools such as artificial intelligence, virtual reality, and blockchain for property management, leasing, and transactions.
  • Flexibility: demand for flexible workspaces like coworking spaces and short-term leasing options that cater to the needs of remote workers, freelancers, and entrepreneurs.
  • Sustainability: a growing focus on green buildings, energy efficiency, and sustainable practices in construction and property management.
  • Urbanization: a shift towards urban areas as younger generations prioritize walkability, access to public transportation, and a live-work-play lifestyle.
  • E-commerce and logistics: rising demand for industrial and warehouse spaces as online shopping grows and logistics become more critical to the supply chain.
  • Focus on health and wellness: incorporating wellness features like green spaces, outdoor areas, and amenities like gyms and meditation rooms into commercial properties.
  • Alternative asset classes: diversification into alternative asset classes like senior housing, data centers, and self-storage facilities.