The U.S. real estate market has enjoyed a steady rise over the past few years. The industry’s strengthening has largely been attributed to an increase in international investments, a boost in the economy, and declining interest rates. With this growth, a few different trends have been observed that directly impact residential and commercial real estate development. For decades, Johnson Imperial has offered Hastings and Kearney, NE, residents a long list of construction services. Throughout their time in business, the established company has adjusted to accommodate the ebb and flow of real estate and has never failed to stay up on emerging trends.

Below, they discuss some of the main factors currently influencing real estate development projects:

• Urbanism: The numbers show millennials make up a large percentage of the workforce and homebuyers in today’s market. This is why it’s essential to listen to their needs when it comes to real estate development. They are particularly concerned with being able to live, work, and find their entertainment all in one desirable urban location. Catering to this kind of lifestyle has a significant effect on development.

• Sustainability: Knowledgeable millennials also put a great deal of emphasis on the value of sustainability, whether it’s in their living environments or workspaces. The increasing concern over practicing a more environmentally friendly way of life modifies how developments are constructed with energy, water, and waste efficiency in mind.
• Crowdfunding: Many construction projects finding alternative sources of funding, and crowdfunding segments have become a favorable lending option. Pulling together a group of interested investors allows for a more streamlined process and has proven to be an affordable way to break ground on real estate developments quickly.

As technology continues to advance and new opportunities arise, it is important for developers and project managers to constantly keep an eye on changing trends in real estate development. Contact Johnson Imperial at (402) 461-4100, or visit their website to learn how they can help you facilitate a successful residential or commercial construction.