We live in moments of uncertainty. The market constantly pushes the question about the future of commercial real estate, about medium and long-term trends, about how it will affect and what they can do to “combat” the impact of economic recession. Countless questions need to be answered to establish the best business plans and maintain commercial assets’ profitability.
From an architectural point of view, many of these questions are difficult
to answer, and we do not have a “crystal ball” to predict the future. We can
still point out a series of actions, criteria, and trends to consider in any
new development or repositioning.
The boom and demand in the real estate and construction sectors and reforms require products and technical procedures that cannot be left to chance. The latest trends and construction details used by leading real estate and architects include top quality materials such as aluminum and PVC.
The first-class works require “intelligent” materials, which
offer protection and quality of life to the occupants, both in the summer and in
the winter, for those who prefer tranquility and relaxation. All implemented in
high-level buildings for businesses and other commercial clients.
The
emerging trends in the commercial real estate sector
- The new purchase model: eCommerce
While there is a lot of talk about the online purchase process of everyday goods, we must
ask ourselves what we can expect from buying or selling real estate. What’s
happening in real estate buying is what’s called Research Online By Offline (ROBO), and Google’s impact on commerce.
This phenomenon conditions the strategic plans for commercial
development and implementation of the traditional real estate sales process.
The integration of physical and digital commercial spaces is imposed. Although
the closure will continue to be an
offline trend is that online recruitment
has more and more weight.
- Changes in
the configuration of offices
The design of commercial projects is already incorporating the concept
of health and wellness and the internet of things. It is part of this new trend
that seeks to improve the lives of people inside buildings. Many commercial
projects are also beginning to consider co-working solutions to ensure that
common spaces of the projects can be used to generate rental income.
- Search for
sustainability
The need to build spaces with greater energy efficiency, water-saving,
and less ecological impact is a reality contrasted by the market. The developments
LEED® certified are increasingly numerous projects built under these standards
and have demonstrated efficiency in maintenance, amortize the price of its
implementation. The buyer values these factors very positively.
- Evolution
of commercial logistics
According to CBRE, traditional distribution or logistics is witnessing a
transformation carried out by large commercial operators of Amazon’s stature.
Thus, these companies are revolutionizing the conventional distribution of
commercial products.
These strategies are modifying the traditional parcel business models
and putting pressure on other businesses and department stores, which must
integrate these solutions into their logistics to compete and adapt to the
change in distribution models.
The dimensions, locations, and configurations of the industrial and
logistics centers will change predictably. While changes in consumer and
purchasing habits will affect the industrial real estate sector, influencing
the design of real estate spaces and promoting the incorporation of more areas
of electric loads and express pick-ups, among others.
- Automated
valuation systems
In the future, the real estate valuation will be carried out through
automated mechanisms to the extent that the subjectivity in the valuation is
eliminated. There is access to real transaction data that supports these
processes. This system, which is currently being imposed for residential
assets, will also be used with commercial assets.
All the variables that influence the preparation of valuation can be
parameterized. These automated methods will allow the real estate sector to
become more sophisticated and more like the stock market, with more regular
valuations and transparent indices that provide more flexible and secure access
to the real estate markets. This will bring transparency and attract new
investors to the property market.
- The
irruption of small and medium-sized companies
This 2020 will also be a year for the appearance of small and
medium-sized companies, which will be able to resist the economic moment based
on analysis, efficiency, and decision. Those who decide to start project
development may opt for a demanding force that is not used to their scale, as
some large developers are in the process of reducing their investment plans for
this year.
Small and medium-sized real estate companies will be able to acquire
better land, better locations, as they find themselves in a market where the
“big fish” are more cautious in their investment plans.
In a market of little movement and contracted demand, everything
indicates that the price of land will suffer marginal increases this 2020.
Opportunities in land prices will be punctually given in properties that
correspond to companies with flow needs and that have assets in land or
companies that need to relocate, among other cases.
- Commercial real estate projects must benefit from future-forward plans
To assimilate the modern-day needs and requisites of commercial projects, partners must also take into account the commercial contractors who are responsible for planning, development, construction, and launch of projects. In this regard, Bob Moore Construction, a company in the United States that has carried a robust reputation since 1946 in commercial, industrial, and multifamily general contractor and design-build services. The design-build services of Bob Moore Construction are trusted by leading commercial entities spread out in the United States’ landscape of the business sector. The contractor is committed to safeguarding the ambitions of its clients by strictly adopting an “on time and in budget” policy for completion of all commercial real estate projects.
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