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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
To read more on topics like this, check out the Success category