CAMBRIDGE, MA—A new report from the MIT Center for Real Estate (MIT CRE) envisions how current trends—from demographic change to innovative technologies—may impact the future of real estate markets and products.
“Real Trends: The Future of Real Estate in the United States,” is co-authored by Albert Saiz, professor and director of the MIT CRE, and MIT research scientist Arianna Salazar. Drawing from a combination of research methods and sources, the researchers take an expansive view of the critical forces and trends that will disrupt real estate markets
“Our definition of ‘real estate’ for this purpose is not limited to buildings, such as homes, apartments, hotels, retail malls, offices, factories, and warehouses. Our definition also includes the social relationships that are formed and take place therein: How will we live, work, and socialize during the next decades?” the report states. “Our work further considers relevant trends in economic and financial markets, and how real estate markets mediate local and regional mobility or population growth. We also devote some time to the evolution of businesses that provide services to the real estate industry: leasing, transactions, energy, and the like.”
The report, which was sponsored by Capital One, explores the future of real estate in six chapters:
- Demographic Change and the Future of Real Estate in the United States
- Affordable Housing
- The Impact of Technology on the Built Environment
- Smart Buildings and the Internet of Things
- Real Tech: Thinking Outside the Box
- Real Trends to Watch
The full report can be downloaded as a PDF here:
https://mitcre.mit.edu/wp-content/uploads/2017/10/REAL-TRENDS-MIT.pdf
