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.
- Many shopping malls fade away. As e-commerce rises, malls will continue to decline, according to Rick Fedrizzi.
- 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.
- Urbanization booms. Gen Xers and Yers who seem to prefer living and working in compact areas will, in part, drive this trend.