Already grabbing daily headlines in the United States and globally in most every industry, Environmental, Social and Governance (ESG) is expected to play an increasing role in commercial real estate in 2022, according to a trends report issued Thursday by PwC US and the Urban Land Institute.
The report highlighted several evolving trends shaping the real estate industry, including proprietary data and insights from nearly 1,700 leading real estate industry experts.
Chief among its findings was that flexibility, convenience and ultimately real estate's resilience, can drive property sector function over the next decade. Consumer expectations of traditionally designed spaces have changed, and there will likely be a massive shift in the functionality of homes, offices, shopping centers and healthcare spaces.
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