Commercial Real Estate Trends for 2024
Experts provide insights into what to expect for the main CRE sectors in the year to come. Read our roundup.
Every year-end, Commercial Property Executive writers compile extensive pieces that provide you a glimpse into how the next 12 months will look like for commercial real estate players. Whether you’re in retail, office, coworking, industrial, data centers, medical office or green building, we’ve gathered the top predictions and commercial real estate trends for 2024 that you should watch closely in the year ahead.
Click on the links below to read experts’ forecasts:
With growth mainly fueled by the pandemic-induced rise in hybrid work, coworking providers are now taking workspaces to the next level, banking on the ever-increasing demand for flexible and collaborative spaces. What’s ahead for the coworking sector? Read experts’ views in the last installment of our outlook series.
The retail industry exhibited remarkable resilience throughout 2023, successfully navigating notorious challenges. Experiential retail strengthened its position as the defining retail trend of the year, with a pronounced focus on interactive shopping experiences. However, the scarcity of available desirable retail space, rather than a lack of demand, created hurdles for retailers seeking suitable leasing opportunities. Here’s what retail players need to know about what this year could bring.
Industrial real estate was a top-performing sector in 2023, but growth will happen at a slightly slower pace going forward. What factors will determine the sector’s performance in 2024? Experts from JLL, Prologis, Link Logistics and Trammell Crow weigh in.
The office sector finds itself at a pivotal juncture, navigating a landscape shaped by a confluence of transformative forces. Hybrid work models have become the norm, fostering a newfound flexibility that challenges age-old conventions. How did 2023 set the scene for what’s to come? Read all about the forces remodeling the office sector this year and beyond.
Data centers have racked up another spectacular year. The proliferation of AI technology, machine learning and high-performance computing is supporting the industry’s rapid growth. But power availability is limiting developers’ ability to build more to support record-high demand. So how can the sector expand?
Green building practices are increasingly prominent across the real estate industry because they save money, improve efficiency, lower carbon emissions and create healthy places for people to live, work and play in. Green building practices are essential tools in fighting climate change and reaching ESG goals. But how will investors finance these much-needed modifications?
While the office sector is still far from recovering following the COVID-19 hit, the medical office building market continues to thrive, mainly due to asset specificity. However, the sector is not immune to challenges.