Commercial real estate (CRE) experts are already dissecting the landscape for the New Year to pinpoint lucrative investment opportunities. We’ve collected these insights for CRE investors eager to identify good commercial real estate investments and position themselves for success in the year ahead.
Below are five emerging commercial real estate trends to closely monitor in 2024.
1. Increased demand for multifamily residential spaces
In an episode of Bloomberg’s investment podcast, Joe Weisenthal and Tracy Alloway shed light on an often-overlooked segment of commercial real estate: multifamily residential spaces. While high-end office buildings typically steal the spotlight, multi-housing properties in popular, urbanized areas have quietly experienced a surge in demand fueled by the pandemic.
This surge is attributed to the rise of remote work, as people sought convenient access to modern amenities while enjoying the comfort of their own homes. This trend has highlighted the resilience and potential of multifamily real estate, suggesting it deserves a closer look from investors and the industry.
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