If you want to buy land in Texas as an investment or foundation for a commercial venture, you should get an idea of the forecast for the real estate market to ensure that you can take full advantage of any upcoming price or demand trends.
Keep reading to check out a few of the land development and real estate trends expected in 2024 as explained by UDD’s land development experts.
The End of the Office Space
When the pandemic hit back in 2020, offices were closed and many employees switched to working from home. While there was some expectation that we would eventually return to the office, that hasn’t happened for a vast swath of the workforce. As real estate developers and investors, we need to recognize that the era of flourishing office buildings is at an end, and we need to be ready to adapt into other markets or approaches. 2024 is not going to be a good year for traditional office space development.
Mixed-Use Developments on the Rise
Mixed-use properties have been around for a long time, but 2024 is expected to see a surge in these types of developments. Mixed-use developments are built around the idea of convenience, and convenience is an increasingly high priority in real estate. Live-work spaces, mixed-use hotels, and retail districts are all set to become more common in the coming years. As a real estate investor, it’s never been a better time to get into mixed-use developments.
The Rise of Modular and Prefabricated Construction
Modular and prefabricated construction offers several advantages that make it a growing trend in real estate development. Unlike traditional construction, modular construction requires less skilled labor on-site, allowing for a faster and more efficient construction process. Prefabricated components are also fabricated in controlled settings, which ensures better quality control. While modular and prefab construction isn’t new, it’s expected to become more common in the coming years.
Finding Affordable Brownsville Real Estate With Union Design Developers
Every year is different, and each new year represents a new chance to change your life. Is land investment in Brownsville the opportunity you’ve been looking for?
Whether you’re a first-time land buyer or an experienced real estate investor, Union Design Developers can help you find the right property to meet your needs. We have land for sale in Cameron, Hidalgo, and Starr counties.