News: Front Section
Posted: December 30, 2016
What are your predictions for commercial real estate in 2017? - Karen Hurd of SVN
Karen HurdSVN International
Looking forward, investment supply/demand and interest rates will be the key drivers of activity. We will have to wait and see what this actually reveals for 2017. I have seen a lot about emerging trends from many industry sources. I do know that the “technology disruption” will continue to impact and change the real estate profession as we have already witnessed.
2016 was the year for secondary and tertiary markets where SVN has strong coverage. In many cases, these markets have been more attractive than some of the gateway cities and have emerged as relative value propositions. We see markets that are hip, urban, walkable, and which offer lower cost of living. They are attracting millennials for all of these reasons, and some speculate they offer a better future opportunity and way of life. I maintain that trend this will continue in 2017.
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