Top 4 Commercial Real Estate Trends for 2023

The commercial real estate market is constantly changing and evolving. As a result, it can be difficult to keep up with the latest trends. However, understanding precedential and predicted commercial real estate trends can help you make better-informed decisions about your own property investment portfolio. Continue reading to review the top 4 commercial real estate trends for 2023.

Commercial Real Estate Contractors  Indianapolis Indiana 317-253-0531
Commercial Real Estate Contractors Indianapolis Indiana 317-253-0531

Current and Future Commercial Real Estate Trends

The Rise of Co-Working Spaces

Co-working spaces have been growing in popularity in recent years, and this trend is only set to continue. Co-working spaces provide a flexible and cost-effective way for businesses to operate, and they offer a number of other benefits such as a ready-made community of like-minded professionals.

The Growth of the Proptech Sector

Proptech is a term used to describe the intersection of technology and real estate. This sector is growing rapidly, with new startups and products emerging all the time. Proptech can be used to improve everything from the way properties are marketed and sold, to the way they are managed and maintained.

The Rise of Build-To-Rent

The traditional model of home ownership is changing, with more people opting to rent instead. This shift is being driven by a number of factors, such as the increasing cost of home ownership, the flexibility that renting offers, and the ease with which properties can be found and moved into. As a result of this trend, there is an increasing demand for purpose-built rental properties.

The Increasing Importance of Sustainability

Sustainability is becoming an increasingly important consideration for both businesses and consumers. Property investors and developers who take sustainability into account will be well-positioned to capitalize on this growing trend.

Conclusion

These are just four of the top commercial real estate trends that you should be aware of. Understanding these trends can help you make better-informed decisions about your property investment portfolio. Get help with your commercial real estate procurement and construction plans from a qualified commercial general contracting company in Indiana.

Are you looking for a trusted commercial general contracting company who can turn your new commercial space into exactly what your business needs? Contact BAF Corporation at 317-253-0531 for professional commercial construction management and space planning in Indianapolis, Indiana.

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How Drone Technology Benefits the Commercial Real Estate Proprietor

You may have seen the neighbor’s kid outside playing with their drone toy; or perhaps even have one in your own possession for recreational uses on trips and to document special occasions. But have you ever thought about the benefits drone technology offers our society in a more professional way? When it comes to the commercial real estate market, drones are making a big difference in quality, efficiency, and value for proprietors. They are literally revolutionizing commercial real estate marketing and procurement.

Continue below to learn how, and where you can get started with space planning for your commercial location in Indiana.

Indianapolis Commercial Preconstruction and Design Build 317-253-0531
Indianapolis Commercial Preconstruction and Design Build 317-253-0531

Commercial Drone Applications and Advantages

Commercial real estate brokers, proprietors, and builders can all benefit from the various applications of drone technology in their industry. From selecting a site location and marketing packages to property management, logistics, site planning, utility mapping, and more. Just see for yourself:

Selecting a Commercial Property Site

Drone technology helps brokers list and market the commercial properties they are outsourced to sale, which in turn, makes it easier and more convenient for proprietors to choose the site they want. It also makes it easier for the actual builders and architects to map out their blueprints. There is only so much of a property you can see and learn through demographic data and 2-D images on your computer; and high-resolution aerial drone imaging gives this added insight to all the unique and relevant elements of a property’s location, including how it sits in the surrounding market, the nearby infrastructure, the flow of people and traffic, and so much more.

Property Maintenance

Drones are being used more and more in the facility maintenance industry because they deliver an easier and more comprehensive way of inspecting a building and the surrounding premises. Roof inspections are safer and simpler, while all other exterior elements can be examined and managed accordingly, including siding, HVAC systems, pavements, and more. Smaller drones can be applied in the same way for interior property inspections and management. They are also applied for local site inspections for construction projects, reducing the needs to travel all over to make daily assessment rounds.

Operational Logistics

There are various roles, aside from inspection, site selection, and facility maintenance, in which drone technology can improve how we operate in the commercial world. Your company might have certain needs that can be met with the use of drones, such as vendor and delivery service, video marketing, staff audits, project monitoring, market research, and more.

A Fair Warning: The Federal Aviation Administration has set forth concerns, and now new regulations, that govern the commercial use of drones. In fact, since 2015, a pilot’s license is required to pilot a drone for commercial applications.

Are you ready to get your commercial build in motion? Contact BAF Corporation at 317-253-0531 to learn how we can deliver organized and professional commercial space planning and preconstruction services that meet your business objectives. We serve Indianapolis, and all of Central Indiana.

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