As this world evolves, so does the world of Commercial Real Estate. And, this world we live in is evolving fast in the realm of technology. We will take a look at three themes that Commercial Real Estate Professionals should keep in mind as we round the corner to 2017.
The Internet of Things
The internet of things (IoT) refers to the next wave of technology and it’s causing quite a buzz in the Commercial Real Estate market. The IoT is not only elevating tenant experiences; it has proven to be a cost saver for the building owners. How does IoT work? Many of us have the key to IoT right in our back pocket, or sitting in our purse. Our smart phones can control these certain smart home devices that are recording and transmitting data. Many business owners are changing their outlook as they see what a cost-saver this can be.
Health & Wellness
The world and the people in it are all becoming more educated about health and wellness. Recent data does prove that that there is an overwhelming correlation between the wellness aspects of certain neighborhoods and how this is playing out in the real estate market. People are going to be looking for areas to move that have easier access to healthy activities and food. They will pay more attention to having parks and access to work out equipment or spas nearby.
As the auto industry grows, its real estate needs will expand. That’s where we come in. And, it is certain that the automotive industry is growing at a steady pace. Large auto companies like Ford, General Motors and Uber are growing very rapidly and continue to hire people to support their growth. With more people, comes the need for more space. Keep an eye out on the auto world, Uber just announced their plans to test out a fleet of self-driving cars and other companies are sure to be right behind them.