Perry C Pursell

Gainesville, Florida Commercial and Industrial Real Estate

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Commercial Real Estate Predictions 2015

May 5, 2015 by Perry Leave a Comment

According to Fred Schmidt, the COO and President of Coldwell Banker Commercial Worldwide, major shifts in how we do business will shape a new commercial real estate market in 2015.

The 3 major shifts we can expect to see are:

  • Investors will be increasingly attracted to commercial real estate as vacancy rates in multifamily units continue to remain low. Multifamily units are experiencing the lowest vacancy since 2001.
  • Higher employment demand in cities and demand for smaller office spaces. Tenants are looking for less square feet per employee to achieve increase productivity and profitability.
  • Millennials will increasingly shape the real estate market as the Baby Boomer generation starts to retire.
  • In industrial real estate specifically, businesses are becoming more decentralized and focusing more on e-commerce. In turn, their locations are for order fulfillment and increasingly need rail use.

The positive factors that will lead market growth are:

  • GDP growth
  • Low interest rates
  • Increasing sales and leasing
  • Positive employment
  • Energy self-sufficiency

The negative growth factors for 2015 are:

  • Structural unemployment
  • State and local debt
  • Event risk: wars and political unrest
  • Interest rates may rise

 

Filed Under: Uncategorized Tagged With: market predictions

Coldwell Banker M.M. Parrish
Coldwell Banker M. M. Parrish Realtors

352.665.9731
ppursell@mmparrish.com

5808 NW 39th Ave
Gainesville, FL 32606

5110 SW 91st Drive
Gainesville, FL 32608