Trends on the Horizon for Commercial Real Estate
One of our good friends & president and CEO of Geneva Analytics, Fred Burkhardt, recently had the opportunity to highlight some of the most critical factors facing commercial real estate. During these uncertain times, Fred provides some insight into the direction the market is heading & how you can potentially plan accordingly.
Regarding the housing market, Fred states “many U.S. markets are significantly under-supplied in total housing units due to the under-delivery of new housing, which has compounded over the past decade. High demand increases rents, creating even more profitable opportunities for investors.”
Fred says, ” In most primary and secondary markets, the demand for affordable worker housing units combined with the presence of sizable percentages of vacant housing units is causing a review of how vacant units can be rehabbed.” Highlighting a massive solution to an increasingly urgent problem.
When taking everything into account, he states “The market, as a whole, is in a state of flux. Supply chain challenges, access to worker housing, global economic stability, and even climate change will continue to impact commercial real estate more than at any time in the recent past. Commercial real estate players are advised to keep a careful eye on the future for pitfalls and opportunities.”
For a more in-depth look at real estate trends, click here.