Real estate, what an industry. Property values can swing up or down and sometimes do so drastically fast, especially when pent up demand is pushing towards a certain direction. We saw this process again starting in 2020, when the global pandemic disrupted almost every aspect of the economy. Real estate markets were broadly affected, as the demand for housing increased, coupled with the limited supply, sellers were able to take advantage of the opportunity and sell at inflated prices. This tells us that the changing nature of this market isn’t going to stop anytime soon, and that because of this constant change and evolution in the marketplace, you must have the right information to make educated decisions on purchasing or selling property..
Recently this country has experienced unprecedented wildfires, droughts, tornadoes and flooding. These unusual weather events may continue into the future, which may cause the market to go through some drastic changes. There is less demand for properties near wildfire, drought, tornado and flood-prone areas; The decrease in desirability for these locations drives down sale and lease prices, making it a difficult market for sellers and lessors. Parts of the country are already experiencing this new trend, and this trend can continue even though the nationwide boom presents otherwise.
We saw the global pandemic shot the already rising statistics of e-commerce to the skies. Big box and small box retailers have now turned to online business models to focus their sales. This large shift from shopping at traditional "brick-and-mortar retail stores" has refocused current real estate trends and current market focus. We are finding that as more and more retailers make this shift to on-line e-commerce, Industrial and warehouse commercial properties are now growing in demand. E-commerce entrepreneurs and investors are aware of this shift and are seizing upon this opportunity to purchase well located industrial and warehouse properties. As long as the logistics, shipping and the delivery industries continue to improve, this increased demand is projected to continue well beyond 2022, and more E-commerce entrepreneurs and investors will be competing to acquire industrial and warehouse properties.
