A new year offers the promise of new trends, new goals, and new hope. As we embark on a new real estate journey, REVEL is focused and poised to take on the challenges of a shifting market that will surely experience its fair share of change.
Still riding the high wave of sweeping residential developments, commercial districts will find themselves catching up to provide the necessary and convenient amenities necessary for neighborhoods to grow and flourish. In this follow the leader context, we see a surge in revitalization projects aimed at repurposing older buildings and stagnant zonings into new visions for community service. Mixed-use zoning will encompass this new, visionary approach to customizing community centers for more efficient neighborhood accommodation. Adaptively reusing assets like hotels, churches, and even schools, as conversion tools for affordable housing will also create new opportunities to recycle stagnated property uses.
On the stage of new construction, more smart homes equipped with smart home technology will lead the way. This trend will have both environmental and life efficiency conveniences, while offering relatively traditional rooms in a household multi-functionality. In this same light, property tech innovations will allow professionals to bring business into home spaces, and perhaps balance working schedules with family responsibilities.
Finally, digital currency is bound to immerse itself into real estate transactions. Bitcoin will most likely be the next “big thing” in real estate, in every niche market. Tenants will want to pay rent in digital currency, and sellers may opt to cash out their real estate investments into bitcoin portfolios. These digital currencies, in turn, may surely revolutionize the real estate market and perhaps influence surging price points and property values.
