As the real estate market continues to evolve, investors and developers need to stay ahead of the curve. Here are 12 emerging trends to watch in 2022, according to Nelson Partners:
1) The rise of co-living
Co-living is on the rise as a more affordable and social alternative to traditional apartment living. Co-living spaces are designed for people who want to live with others and have access to communal amenities like kitchens, lounges, and workspaces.
2) The growth of mixed-use developments
Mixed-use developments are becoming increasingly popular as cities strive to create more walkable, sustainable neighborhoods. These developments combine residential, commercial, and retail spaces to create communities that are designed to serve every need.
3) The increase in working at home
Working from home is becoming more popular than ever, thanks to the rise of remote work trends and technology advancements like personal assistants and smart devices. By 2022, it’s expected that over 50% of workers will be freelancers or independent contractors, up from a little over 30% today.
4) The rise of coworking spaces
Coworking spaces are becoming more accessible as the need for freelancers and independent contractors rise. These shared workspaces offer companies, entrepreneurs, and other professionals a workplace without signing a lease.
5) The continued growth of singles
In recent years, there has been a significant increase in the number of single people living in cities. This trend is expected to continue as singles become a more important target market for developers and marketers.
6) The rise of micro-apartments
Micro-apartments are becoming increasingly popular as affordable and sustainable alternatives to traditional studio apartments. These small apartments are perfect for singles or couples who want to live in a city without breaking the bank.
7) The growth of the sharing economy
The sharing economy is continuing to grow, with services like Airbnb and Lyft becoming more popular than ever. This trend is expected to continue as people become more comfortable with the idea of sharing resources and services.
8) The rise of green building
Green building is becoming more popular as people become more aware of the benefits of sustainable architecture. By 2022, it’s expected that over 60% of new construction will be green, up from less than 50% today.
9) The growth of proptech
Proptech is a term used to describe a variety of property-related technologies, including virtual real estate tours and drones. By 2022, it’s expected that over 30% of all real estate transactions will involve proptech in some way.
10) The boom in global investment
Property investors have been flocking to foreign markets as an alternative to volatile local economies in recent years. This trend is expected to continue as investors look for new opportunities in emerging markets around the world.
11) The rise of the luxury market
The luxury real estate market is booming, with more and more high-end properties being built every year. This trend is expected to continue as the wealthy become increasingly interested in investing in a luxury property.
12) The growth of the tourist market
The tourist market is growing rapidly, thanks to the rise of affordable air travel and the city tourism boom. By 2022, it’s expected that over 100 million tourists will visit New York City alone.
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