4 Predictions for Commercial Real Estate

Commercial real estate will be greatly influenced over the next 25 years by changes in the demographics, technology, globalization and economic environmental realities, according to CNBC.

Here are several bold predictions for the U.S. Commercial Market by 2039:

1. Many shopping malls fade away. As e-commerce rises, malls will continue to decline, according to Rick Fedrizzi.
2. Baby Boomers drive construction. Several commercial real estate areas will likely benefit from baby boomers' influence. For one, "we're an aging population, so in 25 years, there's going to be a heavy focus on medical-related facilities" says Kenneth Riggs the CEO of Real Estate Research Corp.
3. Urbanization booms. Gen Xers and Yers who seem to prefer living and working in compact areas will, in part, drive this trend.

Green building evolves. Efforts to meet environmental standards tend to be costly, but industries realize that they are important in the long run. Commercial buildings 25 years from now will need to be up to the U.S. Green Building Council's LEED standards, according to the commercial experts interviewed by CNBC.

This article was published on CNBC

Warmest Regards,

Kevin Aizenshtat

Realtor