2020 is likely to bring lots of transformations for the commercial real estate segment – here are some of the trends to prepare for:
- The increasing important of the tenant’s experience – the changes are likely to be shaped by the expectations of the tenants and the customer experience and as a result, more and more organizations are planning to step up their investments into tenant experience, such as IoT systems, AI and other advanced features;
- Location – while the availability of advanced technologies, such as the above-mentioned IoT has resulted in the shift from the importance of location, the area and the neighborhood where the commercial real estate is located is still a decisive factor;
- The demand for office space is likely to stagnate – based on the data collected for previous years, the office space sector has not kept the pace with the other segments of the commercial real estate market;
- Investors still find commercial real estate to be safe and reliable for investments – the opinions of the major players on the market have significant influence over market trends and they currently are of the opinion that the investment into commercial real estate is among the safest ways to make your money work for you. Be sure to check out the commercial appraisal software reviews for all appraisal software you purchase.
First Seen here: Commercial Real Estate Changes for 2020
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