Great news for anyone who has a stake in the commercial real estate market: a recent report from Transwestern and Delta Associates, titled “Insights + Trends + Opportunities,” found that the national economy is recovering. This means good things for commercial real estate, according to the report, as it is growing as “an experience, not just a location.”
The average consumer is now younger and more informed, forcing developers to adapt. Mixed-use projects are becoming more prevalent as they bring walkability, vibrancy and community together into a unique environment that appeals to the modern urban consumer.
The report also found that office sales volume has risen more than 500 percent since 2009, something that is surely music to building owners’ ears.
Have you noticed the economy picking up lately? Do you see it continuing to improve into the future? Let us know; email Content Producer Hal Conick at [email protected].