“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “
A recently released report finds that a new type of suburb is emerging across the country.
Increased confidence in the commercial real estate market has taken hold since the U.S. Presidential election, according to a recently released report from U.S. law firm Akerman LLP. The eighth annual Akerman U.S. Real Estate Sector Report revealed 53% of investors and lenders are more optimistic about the 2017 outlook for the U.S. commercial real estate market, compared to only 38% last year.
For the first time since the launch of the Akerman Report in 2010, commercial real estate leaders predict single-family home building (43%) will outpace multifamily development (37%). The Akerman Report shows investors and lenders anticipate an upswing in housing development across suburban markets that will continue to rival walkable, sustainable urban centers. Investor attention will focus on replicating the urban experience in smaller, scalable communities with ample access to public transportation. More than 60% agreed the preference for a live-work-play lifestyle in a compact city center is among the top three trends impacting U.S. real estate.
Outside the urbanization of suburbia, creative segments continue to emerge in the residential property market. So-called “agrihoods,” or sustainable farm-to-table centers, are forming in suburban spaces where people can surround themselves with community gardens and a sense of country living near the city. According to the Urban Land Institute, incorporating agriculture and food-based amenities is a growing trend in new home development and more than 200 such agrihoods exist or are being developed nationwide.
In addition, 38% of real estate executives surveyed for the Akerman Report see the aging population as the most significant trend impacting real estate development. Increasing demand for community healthcare and senior housing is transforming traditional town centers. Communities across the country are forming identity around large health systems, including the suburbs where outpatient care is growing at accelerating rates. As Gen X, Millennials and future generations place higher importance on healthy and conscious living, real estate developments will increasingly incorporate wellness into their concepts. According to the Global Wellness Institute, communities, master-planned for the health of their residents is a concept that is moving from the niche to the mainstream. The market for residential, hospitality and mixed-use real estate that incorporates wellness lifestyle elements into its design, amenities and services is now one of the three fastest-growing segments in the $3.72 trillion global wellness industry. In fact, the $119 billion wellness real estate sector is expected to reach $152.8 billion by 2020.
“A number of national, regional, and local developers are still very much focused on building communities outside the urban core, which provide the same level of comfort and attractions of city centers,” said Cecelia Bonifay, chair of Akerman’s Land Use & Sustainable Development Practice. “These new, reimagined suburban communities have all of the local-sourced restaurants, they’ve got the farm-to-table ethos in place and they’re walkable. They’re near transit hubs. They have good schools. They have open space. There’s a big difference between the notion that everyone is moving into the urban core — which in many ways is hype — and the reality on the ground of reinvented suburban centers, which I think are a compelling investment bet — be it mixed-used projects with office and retail components, or sustainable communities developed around green, or energy-efficient concepts. The reinvention of suburbia has paved the way to a wave of construction across the country.”
- FROM ME:
- Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( ccim.com) I have access to marketing not only in the United States, but also internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
- WEEKLY LAND CLOSING UPDATE / THROUGH April 14, 2017 / Phoenix Arizona Metro, Maricopa County, Pinal County.
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail firstname.lastname@example.org or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
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