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More Commercial Real Estate Trends to Watch for in 2020

Posted on: November 29, 2019

2020 Commercial Real Estate Watch

With a new year and a new decade come new trends in South Florida Commercial Real Estate. Particularly in the commercial real estate world, predicting and keeping up with the trends is critical for success. If you have an idea of how the market’s going to turn out, you can come up with a detailed strategy to set goals and reach them. Here, we’ve listed a few big trends for you to consider when thinking ahead to 2020.

Demographic Changes

Millennials are aging, and this shift will make a huge impact on the commercial real estate world. Many are moving out of urban areas and into the suburbs, but they still want the feel of the “24-hour city.” They want to be able to walk to most of their destinations, have plenty of shops and restaurants nearby, and have easy access to transportation for when they need to go further. These changing priorities will certainly impact the Florida Commercial real estate sector.

Tenant Experience

More and more businesses are prioritizing tenant experience. People are becoming increasingly mobile and working on the go, leading to a different idea of the “typical” workspace. Additionally, citizens are wanting to invest in spaces that are eco-friendly and are conscious of their environmental footprint. These are huge factors to consider when investing in commercial real estate, and a Florida commercial real estate attorney can help you work these considerations into your purchase.

Technology

Of course, technology is part of every single aspect of our society, and commercial real estate is no different. We want to be faster and more efficient in every sense, so if you’re getting into commercial real estate, it’s vital to keep up. Integrating technology into your business is a key part of improving tenant experience, and it will continue to become more and more important into the coming decade.

Speak To An Experienced Commercial Real Estate Attorney In Fort Lauderdale, FL

To help you keep up with the commercial real estate trends for 2020 and beyond, consider hiring a Fort Lauderdale real estate attorney. Having a professional on your side will give you the edge to make the best business decisions and cover all your bases with your new purchase. Mark Schecter has been a powerhouse in the South Florida real estate world for years. His experience is invaluable and has given him insight into how to succeed in the business. Contact Mark today for more information.