Tech is expanding beyond the normal hubs, says a recent report by Cushman & Wakefield.
SAN FRANCISCO—Technology companies are having an ever-increasing impact on US cities, such as local economies and workforce development, physical space and everywhere else in between. From technology, micro-transportation, labor shortage, trade tensions and other trends, Cushman & Wakefield has pinpointed the top CRE trends to watch in 2019.
These trends include co-everything such as co-retail developments that are focused on entertainment, cultural and flexible space; co-living concepts, and co-working that could double before eventual consolidation. In addition, warehouse site selection is shifting to attract and retail workers, and lack of industrial space for occupiers seeking to grow is becoming a real issue. Finally, the bike- and scooter-sharing market is expected to reach $6 billion by 2020 in what is known as the micro-transportation effect. This is in tandem with the myriad choices of alternative transportation available in the 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.
