Developers have stopped building malls and started making places. Consumers who can buy anything they desire using the little computers in their pockets no longer have to drive to the mall for a new dress, sofa or TV. At the same time, Americans are becoming more urban and they will walk to stores if they are in their neighborhoods.
With urbanism, technology and demographic shifts transforming commercial real estate faster than ever, the industry is poised to look drastically different within the next decade. Four thought leaders share their perspectives on where it’s headed.
The newest demographic groups may have very particular preferences, but technology, building materials and design innovations offer plenty of alternatives to stay on pace. A look at upcoming trends in how people live, work and play will help you to determine how best to improve your properties.