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With COVID-19 still dominating headlines in 2022, real estate experts forecast which sectors are best positioned to overcome upcoming challenges and ultimately take advantage of opportunities in the next year.
For instance, multifamily and industrial remain the preferred asset classes in the real estate industry, but where does that leave the hospitality and office sectors?
Here are the five commercial real estate trends shaping market activity in the new year, according to a new report from Taylor Johnson, a public relations firm focused on commercial real estate. Since 2006, the firm has been distributing this annual look at the real estate market, which is a compilation of its clients’ predictions for the year ahead.
Will the office finally bounce back?
Ever since remote work became the norm for white collar workers, the return to the office has been forecasted, but delayed over and over again. In order to convince employees to return to their desks in 2022, trends in the office market point to prioritizing health and wellness, embracing in-person collaboration and anticipating the many logistical challenges associated with hybrid work schedules, according to the report.
For example, the Fulton East office development (pictured above), a new 12-story mixed-use building in Chicago's Fulton Market District, offers its employees hospital-grade ventilation, hands-free elevators and antimicrobial surfaces, along with floor-to-ceiling windows, outdoor terraces on every floor and an 8,000-square-foot landscaped rooftop.
NAI Hiffman, an Illinois-based real estate services firm, secured the International WELL Building...