According to Richard Crenian, 2017 will see the same substantial building and redevelopment growth that occurred in 2016. 

So what trends are contributing to this?

Adding to their portfolios, progressive investors are making big moves when it comes to acquiring new commercial properties and plots. There are many investors with a focus on urban redevelopment, as well as expanding the suburbs. However, Richard Crenian believes there are some trending features being integrated into these ventures that may be critical to new developments in the future.

Community Involvement

Richard Crenian firmly believes that community is first and foremost important trend in residential and commercial real estate today. Having a strong community base is crucial. There is a significant focus on walkability and urban transportation options, especially in the inner city and suburban neighbourhoods.

Sustainability

There is a long list of reasons as to why sustainability should be built into new projects. This includes new regulations and financial penalties or advantages for those who are progressive and choose to go green. According to Richard Crenian, green projects with registered certifications have become attractive, and are now major marketing factors for private capital and consumers alike.

Flexible Real estate

The centre of recently developed real estate trends are pop-up stores. These types of stores are increasingly more interactive and offer new and better ways to buy and receive goods.

In real estate, buyers and renters of residential space are demanding larger spaces and more flexible rates, often fueled by new technology, which can better suit their wants.