Every year sees new trends develop in the commercial real estate market (CRE), and 2016 was no exception. We have seen changes in the way office space is used, companies looking to become more sustainable, and commercial real estate has now become the fourth asset class alongside bonds, stocks, and cash. This has seen growth in the need for more professional CRE advisory services.
What were the main commercial real estate trends in 2016? Here 3 of the most significant trends from 2016 that are also set to dominate the CRE market in 2017.
Open Concept Office Space
While the open concept office space has been around for a long time, more and more multinationals are developing office space with lifestyle amenities. The goal is to make the workplace a more welcoming and enjoyable environment for employees.
This has seen a rise in open spaces with lounges for employees to relax and work in. Because this concept has been so successful, 2017 will continue to see in increase the amount of amenities available to employees.
Smart Buildings
Newly developed commercial building are now being planned to embrace the internet of things (IoT). This has made more and more commercial real estate developers create “smart buildings.” These connect people with technology in a way that has never been possible in the past.
It also means that companies can optimize all aspect of heating, ventilation, energy use, and maintenance.
Mixed-use Real Estate
2016 saw more and more properties using a “mixed-use” approach to the design and functionality of buildings. Commercial real estate now has more living and working areas which give employees a community feel to in their living and workplace environment.
These properties also incorporate more “green” areas with many natural elements being incorporated into the building design. This gives many indoor spaces a more natural feel but at the same time including many contemporary and modern design elements.
