What You Need to Know About 2023 Trends in the US Commercial Real Estate Industry

In the United States, commercial real estate has seen a period of prosperity over the last decade. But as we move into 2023, what trends should we be expecting? This blog post will unpack what you need to know about the future of commercial real estate in the US.

Blog Body:
Rising Demand for Flexible Leasing Options
One of the biggest changes that we can expect to see in the near future is an increase in demand for flexible leasing options. As businesses become more agile and adaptable, they are looking for rental agreements that reflect their needs. Rather than signing long-term leases, many businesses are opting for short-term or month-to-month agreements that give them greater flexibility. This trend is likely to continue into 2023 and beyond as businesses look to minimize their costs and maximize their profit potential.

Growing Interest in Smart Buildings
Another trend that is gaining traction is a focus on smart buildings. Smart buildings use digital technology to monitor building performance and optimize energy efficiency. For example, they can track occupancy levels and adjust lighting and heating accordingly, reducing energy consumption and saving money in the process. Smart buildings also offer a range of other benefits such as improved security measures, better communication systems, and automated maintenance tasks - all of which make them appealing investments for many commercial real estate investors.

Increasing Investment from Institutional Investors
Finally, there has been an increasing amount of investment from institutional investors over the past few years - and this trend looks set to continue into 2023. Institutional investors such as pension funds have traditionally been reluctant to invest in commercial real estate due to its perceived risks but this attitude is slowly changing as more investors recognize the potential returns available from investing in this asset class. Consequently, we can expect to see a greater amount of institutional investment flowing into commercial real estate over the coming year - particularly at a time when stock markets remain volatile and uncertain.

Conclusion:
The US commercial real estate industry is experiencing some exciting changes as it moves into 2023. We can expect an increased demand for flexible leasing options; growing interest in smart buildings; and greater investment from institutional investors looking for reliable long-term returns on their capital investments. All these factors point towards a bright future for those involved in this asset class - so now is certainly an exciting time to be involved with commercial real estate!

All information provided has been obtained from sources deemed reliable.  However, neither Victory Real Estate Group nor any of its brokers, agents, employees, officers, directors or affiliated companies (collectively, Victory Real Estate Group and Related Parties) have made an independent investigation of the Information or the Information sources, and no warranty or representation is made by Victory Real Estate Group and Related Parties as to the accuracy of such Information. The Information is submitted subject to the possible errors or omissions, and no person or organization should rely on the Information, unless such person or organization has conducted and independent investigation to confirm the accuracy thereof.