5 Trends Directly Impacting Atlanta’s Real Estate Industry
By: Patrick Kassin, Gables Residential, ULI Atlanta Programs Co-Chair
The Urban Land Institute released their Emerging Trends in Real Estate 2018 on October 26, 2017. This is a top publication in the industry compiled by individual interviews from real estate, development, and financial services professionals across the country and provides an outlook on investment and development trends, finance and capital markets, property sectors, metropolitan areas, and other real estate issues. While the report focuses on national trends, there are 5 key takeaways for the Atlanta region.
- There’s a general belief the real estate market will not crash like previous cycles, but rather continue to “navigate at altitude”. In this long cycle, it’s not a boom or bust, but a “glide” to a soft landing.
- Housing affordability is a top issue. Supply constraints in desirable markets like Atlanta will continue to drive prices up, yet there are no shortages of buyers for the “missing middle” product.
- Office and commercial property needs are evolving. What does it mean to have a “curated property experience”? What will the internet of things (“IoT”) mean for the future of work?
- Retail will continue to change as there are fundamental shifts in consumer behavior, manufacturing techniques, delivery methods, and e-commerce platforms.
- Generational shifts including Gen Z joining the workforce are impacting everything from residential real estate values, commercial office designs, and street level experiences for pedestrians.
If you’re interested in learning more about how these trends are impacting Atlanta’s real estate industry, investment prospects, and ranking in overall markets to watch, please join ULI Atlanta on November 9th from 7:30 am to 10:30 am at The Garage in Midtown. The morning’s event will kick off with a keynote presentation by PwC’s Mitch Rochelle and end with an all-star local real estate panel who will tease out what these insights mean for Atlanta. To attend this event, please register here.