Techis expanding beyond the normal hubs, says a recent report byCushman & Wakefield.
SAN FRANCISCO—Technology companies are having an ever-increasingimpact on US cities, such as local economies and workforcedevelopment, physical space and everywhere else in between. Fromtechnology, micro-transportation, labor shortage, trade tensionsand other trends, Cushman & Wakefield has pinpointed the topCRE trends to watch in 2019.
These trends include co-everything such as co-retaildevelopments that are focused on entertainment, cultural andflexible space; co-living concepts, and co-working that could double before eventual consolidation. Inaddition, warehouse site selection is shifting to attract andretail workers, and lack of industrial space for occupiers seekingto grow is becoming a real issue. Finally, the bike- andscooter-sharing market is expected to reach $6 billion by 2020 inwhat is known as the micro-transportation effect. This is in tandemwith the myriad choices of alternative transportation available inthe Bay Area.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
