What’s New in Commercial Development?
From commercial property investments reaching dizzying heights to Cumberland County’s exciting development plans to the surge for even faster implementation of electric vehicle infrastructure, 2022 has got off to a whirlwind start. Carlos Salamanca of Chicago explains that as the world continues to manage the effects of the COVID-19 pandemic, titans in the commercial sector are making strides to improve their assets and begin new ventures.
Get the inside scoop of this year’s most intriguing happenings below.
The USA’s Top 5 Emerging Commercial Markets in 2022
Thanks to the increasing importance of logistics warehouses and the transfer of manufacturing into the USA, the market for industrial real estate continues its steadfast reign. In fact, its returns of 18.2% outperformed traditional CRE sectors like retail and offices!
But, shifting focus to the emerging markets’ growth in population and GDP, America’s top five industrial real estate markets in 2022 are:
- Las Vegas, Nevada
- Charlotte, North Carolina
- Nashville, Tennessee
- Reno, Nevada
- Greenville-Spartanburg, South Carolina
Now the question is — why are these the top five? Well, they all share these factors:
- Economic and population growth
- Governments providing incentives for growth
- Many transportation options (waterways, airports, interstate highways, etc.)
- Logistics customers residing within a 250-mile area
Put simply, the increased demand and a somewhat lack of supply mean higher ROIs for commercial developers and investors willing to do their research.
Cumberland County to Experience a Wave of Exciting Brand New Developments This Year
Moving now to a select part of the world, Cumberland County, Maine, developers anticipate breaking ground on over one million square feet of new industrial complexes in 2022.
The Fayetteville area has sparked interest in a whole host of companies. In the coming months, they can expect construction to begin in places like Cedar Creek Industrial Park and Military Business Park, with a range of industries staking their claim — even Amazon appears to be moving in.
Leaders in markets from teleworking to cryptocurrency have noticed the massive, untapped talent pool residing in the area, making the development a no-brainer.
It’s undoubtedly a scintillating time for job-seekers and company owners in Cumberland County!
Sustainable Electric Vehicle Charging Sparks Faster EV Infrastructure Development
With the move to electric vehicles becoming an ever-more realistic option for the everyday driver, Siemens and Nexii unveiled the world’s first sustainable, cost-effective EV charging structure that can change the game for commercial fleets.
The all-new VersiCharge XL is a concept designed to electricity existing structures and parking lots efficiently. Its scalable, modular construction utilizes Nexii’s sustainable, low-carbon-impact materials that builders can install in just 72 hours.
While still in its prototype phase, many believe it’s the key to unlocking the all-electric vehicle future the globe is working toward. Siemens and Nexii recognized the need for faster deployment, reliability, scalability, and effortless upkeep to craft an accessible solution.
Transportation and construction are the world’s two primary sources of carbon emissions. Yet, amazingly, VersiCharge XL’s patented green technology and above-ground implementation help tackle both major concerns, making it a fascinating commercial development.
