According to a new infographic from Placer.ai, cities on the U.S. coasts are showing stronger signs of recovery in office use compared to other regions. At the same time, states primarily located in another part of the country are leading in population growth. These findings highlight key trends impacting commercial real estate and can be found in Placer’s latest report, “Emerging Trends for CRE in 2024.”
The report delves into various factors affecting the market, such as return-to-office rates, shopping center visit recovery and population growth patterns across the nation.
Take a look at some of its key insights:
– The first half of 2024 saw certain cities lead office recovery.
– Commuting distances have had an impact on return-to-office rates.
– Shopping centers’ performance has improved since 2020 and there has been a shift in demographic profiles among mall visitors.
– States with suburban areas are experiencing higher population growth than those with urban or rural areas.
To learn more about these trends and their implications for commercial real estate investors and developers, check out Placer.ai’s informative infographic below.
