According to the most recent reports, 2018 is poised to have a big impact on commercial real estate. With millennials being the majority of both the workforce and consumers, we’re likely to see some big changes in the industry. Most of the trends we can expect to see this year will have to do with designing, maintaining and marketing commercial buildings. That said, let’s take a closer look at five commercial real estate trends you should watch for in 2018.
The lines between living and working starting to blur
Modern-day offices look quite different from traditional offices. Buildings companies construct no longer serve only for work, but they also include large common spaces for relaxation. On top of this, some companies even decide to design outdoor and fitness spaces to make their employees feel at home. This allows team members to stay relaxed and be more productive during their work hours. Of course, this means companies will start to invest in things such as fitness equipment, gaming consoles and kitchen appliances.
Co-working spaces gaining more attention
Even though co-working spaces are still in their infancy, it seems like more and more companies are going to move to co-working facilities in 2018. It’s just that these spaces are extremely suitable to small businesses that are still trying to establish themselves on the market. Co-working spaces allow them to save money on rent and utilities while surrounding them with experts in different fields. This helps them shift all of their focus on their work. As a result of the popularity of these spaces rising, we can expect to see more co-working spaces being built.
Cement continuing to be no. 1 construction material
We keep seeing so many new commercial buildings being constructed and cement is a nonstop demand. As we can expect to see more and more commercial buildings brought to life, it’s safe to say that cement will continue to be the no. 1 construction material. This means refractory products offered by companies like AIMR are going to be essential for the cement market. The world’s need for this construction material is only expected to rise, which means will see much more from it in the next few years.
Business people caring more about the environment
There’s no need to say that we all have to pay more attention to out impact on the planet. While homeowners are starting to build more eco-friendly homes, companies will look to make their real estate green as well. This means they’ll use more eco-friendly materials and work with construction companies that also try to lower their impact on the planet. Moreover, we’ll see commercial real estate having more windows and relying on natural light as much as possible. The number of companies using solar panels is also expected to grow.
Connectivity continuing to be the key amenity
No matter what kind of business we’re talking about, it’s extremely important for employees to stay connected during their working hours. In 2018, we can expect to see high quality connectivity remaining the key amenity and many business owners will focus on helping their employees to stay connected. This means more common areas and other places where employees can exchange information. And even though we’re living in the age of the Internet, every office still needs to be equipped with a quality telephone.
These five trends are expected to dominate commercial real estate in 2018. Make sure you keep an eye on them and be ready to see some other new trends emerging quite soon.