Michael Saei is the former senior director of acquisitions and finance for Tower Energy Group. Today, Michael Saei functions as the president of First Financial Capital, a direct portfolio lender that offers short-term financing and commercial loans to individuals looking to invest in real estate.
In order to find success in 2017, commercial real estate investors need to know about three trends that are anticipated to affect the industry in the coming year.
1.The Federal Reserve recently announced its intention to raise interest rates for the first time in ten years. The rate will increase by one-quarter of a percentage point.
2.According to the National Association of REALTORS, improved job growth, a high demand for multifamily housing, and the steady growth of commercial real estate in recent years is slated to continue into 2017. Though gains may be modest, industry pundits suggest renters will continue to occupy commercial real estate quickly, keeping the market stable.
3. Technology is changing the way business is conducted in every sector, and commercial real estate is no different. The next year may bring commercial real estate investors unprecedented opportunities to digitally market properties, with drones offering new vantage points of buildings, virtual reality offering new ways to tour spaces, and new apps providing tenants a better way to stay connected.
