5 Emerging Trends That Will Shape Real Estate Markets in 2020

5 Emerging Trends That Will Shape Real Estate Markets in 2020

2 min read
Roni Elias

Roni Elias is TownCenter Partners, LLC lead asset manager.

Experience
Roni has worked in litigation cases reaching over $9.5 billion in recovery. At his previous firm, he managed a portfolio of over $520 million in real estate assets and real estate development projects over $1 billion.

Roni currently leads the Asset Advisory Division, which is responsible for acquiring multifamily, student housing deals, and income-producing property.

He has also formed a meetup group in Northern Virginia and is fluent in both Spanish and Arabic.

Press
Roni has been published in multiple law review journals, including but not limited to NYU, Georgetown, Charlotte Law, Suffolk University School of Law, Trinity Law Review, DePaul Law, Thurgood Marshall Law, FAMU Law, Tulsa Law, American Bankruptcy Institute (ABI) Law Review, and many more.

Education
Roni received a bachelor of science in Business Management from NSU, an MBA from Ashworth, a JD from FAMU College of Law, and an LLM from Loyola University Chicago School of Law.

Accreditations
Roni holds multiple real estate licenses in Florida, DC, Virginia, and Maryland and holds the designation of Certified Commercial Investment Member (CCIM) and longtime member of the International Council of Shopping Centers.

He is also Florida Supreme Court Certified Family, County, Circuit, Appellate Mediator, and a Florida Qualified Arbitrator.

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Email [email protected]

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Change is inevitable. And for investors playing the real estate game, monitoring new trends and adjusting accordingly is do or die.

Here are a few examples of the ways in which advancements in tech, travel, and more will impact real estate markets this year.

1. High-Speed Rail

To be able to jump on a train above ground or underground and get to work or home in minimal time? YES PLEASE. No longer needing a car? I’LL TAKE IT.

Transit-oriented real estate developments are becoming hotter and hotter. As more folks wait to buy their first home or want the convenience of getting around without a car, rental housing near rail lines—particularly those of the high-speed variety, which are promised to be completed in coming years in states like California and Texas— check the boxes for tenants‘ needs.

Ease of transportation has been and always will be a huge key to success in terms of real estate developments.

Modern high speed train on a clear day with motion blur

2. Going Green

Across the board, people are becoming increasingly committed to helping the environment. And the younger the cohort, the more true this tends to be.

This factors into real estate in more ways than updating properties with energy-efficient lightbulbs. But yes, green buildings are a must—not only for reducing ongoing costs and for being kind to the environment but also for attracting tenants.

In addition, driving an electric vehicle is very cool nowadays, and catering to the green crowd is just plain smart. Having charging areas for these cars—and even rapid “Supercharger” stations, if possible—is a huge plus.

Related: 5 Ways to Offer the Energy-Efficient Features Millennial & Gen Z Renters Seek

3. Retail

Is the apocalypse here? Retail-wise, I mean. It seems we cannot go a month without hearing a retailer in trouble.

This leaves their real estate up for grabs. As we continue to see more and more stores close, these spaces are being transformed into micro-apartments, industrial spaces, and even offices.

store closing

4. 5G and AI

Tech, tech, and tech. Apps like Netflix are already suggesting TV shows you’d probably like, and soon your phone will be able to download a season for you in less than a minute.

5G is rolling out, which means an immense amount of data can be sent and received at lightning speed. And with artificial intelligence, that data can be processed and used to make decisions, influence buying habits, and assess anything and everything about you more in-depth.

In addition, AI is now being used in buildings for things like amenities, maintenance, underwriting, forecasts, and more. It is truly an amazing time to be alive.

Related: Top Real Estate Trends And Why I Love (And Hate) Them

5. Suburbs

Housing affordability continues to be an issue. Rising home prices and living expenses in conjunction with stagnant wages are causing stress for a huge portion of the population.

The suburbs are likely the answer for many.

For tenants whose salaries have not kept pace with increasing rents, the ‘burbs are increasingly appealing. By creating almost second cities in the suburbs, landlords and developers are able to offer great products at a much lower price.

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What other changes have you observed that will shape real estate in the next few years?

Comment below.