Skip to main content

4 Ways We’re Urbanizing the Suburbs


The world’s biggest cities have long been the most highly sought-after locations for commercial real estate - but that might be changing.

What was once a place where people flocked to for affordable living and to be nearby the workplace has now become incredibly overcrowded and expensive.

For many, finding an affordable living option in big cities is extremely difficult. With apartment prices on the rise and competition being hotter than ever, these popular metropolitan oasis’ have lost their appeal to both their largest demographic.

If the urban areas are no longer working, where to next? More and more commercial developers are looking to the suburbs to start their newest deals. Let’s check out these 4 ways that CRE is urbanizing the suburbs.

Meeting the Target Demographic’s Needs 

Attracting city-lovers to a suburban neighborhood isn’t always easy. Many younger generations aren’t so willing to leave the comforts of a big metro right off the back. They may need some convincing - and incentives work like a charm.

In order to bring your clients to a new area, you’ll need to offer them something they can’t pass up. CRE developers should hone in on their target audience and identify their specific needs. Offering the latest amenities is a top priority for property owners who are looking to attract their prospective tenants to a totally new lifestyle.

Consider Pre-Existing Transportation Systems

One of the greatest appeals to city living is convenient locations. Mixed in with tons of transportation options, it’s always easy to get from place to place. However, city-dwellers aren’t the only ones who know how to get around.

The preconceived notion that suburban areas are off the grid no longer stands true. We live in an interconnected society, and transportation systems flow through suburbs around the world. In addition to this, mobile ride apps like Uber and Lyft, we can get a ride almost anywhere and anytime.

CRE developments are using these transportation routes to their advantage. Bus stations, train routes, trolleys, and other mobility services make a great asset to any CRE project. The industry is using transportation hubs in the suburbs as a basis for deciding where to build.

Befriending Community Leaders

In efforts to smoothly enter into the new suburban territories, CRE is reaching out to prominent municipal figures. Since this is a relatively new market, first impressions are important in establishing a positive relationship down the line. Cooperation is a key element for the success of suburban CRE projects.

Creating a Beautiful Landscape

Mixing commercial spaces within a primarily suburban neighborhood can offer a great variety that enriches both sides. Bringing retail, offices, small restaurants, and multifamily units into a neighborhood environment can establish a contemporary suburban design scheme.

These additions add a richness to community living and can transform the area into a pedestrian-friendly hub of commerce. Neighborhoods with a mix of metro amenities are the next phase of contemporary real estate.

Make sure to keep an eye on the suburbs as commercial real estate’s latest hotspot. For more cutting-edge industry news, keep up with our blogs.


Comments

Post a Comment

Popular posts from this blog

4 Senior Housing Trends That Will Continue to Change the Space in 2020

Senior housing developments have been a popular conversation within the commercial real estate business. As the life expectancy of seniors keeps getting older and older, the growing elderly population faced a serious housing crisis in 2019. The 80+ population skyrocketed before CRE could keep up. And when it finally did, there was a lot of work to do. In order to accommodate today’s aging population, senior housing developments were a serious need. Even though investor demand started off slow, the sudden boom motivated commercial real estate developers and investors to take action and begin making moves. With more CRE pros jumping on the senior housing market opportunities, the competition went from 0 to 100 in no time. As a result, an amenity-war has broken out - but it’s unlike anything you’ve ever seen before. Let’s look at these 4 senior housing trends that are redesigning the senior housing module in 2020 and beyond: In-House Medical Services Seniors ...
Post a Comment
Read more

NAI Emory Hill Sells Wilmington Shopping Center

  Wilmington, DE – NAI Emory Hill ( www.naiemoryhill.com ) is pleased to announce the sale of a 8,710 square foot shopping center located at 2308 Concord Pike in Wilmington, DE to The Wittig Family at DSM Commercial. Dave Morrison and Jim O’Hara Jr., of NAI Emory Hill, represented the purchaser and Seller in this transaction. This retail center is anchored by Mattress Firm, Green Drop and China Inn. The center is strategically located at the intersection of Sharpley Road and offers a great retail location along the busy Route 202 corridor. NAI Emory Hill is a completely full-service commercial and residential real estate firm serving Delaware and the surrounding counties of Maryland, New Jersey and Pennsylvania. Founded in 1981, we have the resources to design, build, finance, lease, sell, manage and maintain commercial and residential properties throughout the Mid-Atlantic . Learn more about our services at: www.propertymanagementdelaware.com www.emoryhillhomes.com
Post a Comment
Read more

Protecting NOI in the Senior Living Space

When observing the latest trends in senior living, don’t jump to any conclusions - make sure you’ve got the whole picture first. CRE’s senior living sector is facing low occupancy rates - but that doesn’t mean the industry isn’t standing strong. When it comes to NOI, occupancy isn’t everything. While a property’s occupancy rates can act as the main contributor to net operating income, there are other elements that help fuel profits for commercial real estate investors . So what’s going on in the senior living spaces that are sparking turbulence for commercial real estate? Here’s a breakdown: Construction is Booming For the last few years, senior living spaces have been undergoing a surge of construction. Unfortunately, this elongated period of growth has taken a major hit on occupancy rates. In the five years between 2014 and 2019, national occupancy rates for senior living facilities have dropped 2.5% . As reported by the National Investment Center for Senior H...
Post a Comment
Read more