Commercial property developers in Missouri and around the country have enjoyed healthy gains in recent years as deal volume has risen steadily, but a recent Wall Street Journal report reveals that the total volume of real estate loans closed in 2016 was down by 11 percent year-on-year. This represents the first drop in closed loan volume since 2009, and it has prompted several industry experts to speculate that the current positive cycle may be coming to a close.
Missourians who are involved in the commercial real estate market might want to take note of some technological advancements that are having an impact on the industry. Technology is changing the way in which commercial real estate business is getting completed.
Cloud technology, which involves storing files and data on the internet rather than on a computer hard drive, is having a positive effect on commercial real estate in North Texas and elsewhere. Missouri developers may want to take note of this when they are planning their next projects.
Commercial real estate investors in Missouri who like to remain current on real estate trends may benefit from knowing the southeastern part of the United States is becoming an economic leader with a varied commercial real estate base. With the cities of Atlanta and Miami, making up over 50 percent of the area's international commercial real estate investments and the educated work forces and strong growth in smaller cities, including Nashville, the Southeast would be able to form the world's sixth-largest country and would boast a growth rate that would surpass any of the top five countries.