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Updated over 4 years ago, 05/11/2020
Friends! What would happen if ..... kinda scary
Hello everyone !
I was just going through an article which showed data of how quickly the trends have been changing lately . Massive growth in the e-commerce sector . Decrease in offline sales and with less number of people reffering to offline shopping huge impact on commercial real estate which includes shops , malls etc . Data shows 30% of malls will shut down in the coming years. So i was wondering what would happen from 10-20 years from now will commercial real estate loose its value and with losing value come decline in the rental return . Many business would still require physical space to run which are service based but still a huge amount of space will left vacant and supply will of commercial real estate will increase and demand will decline. Yes! Many commercial land would still be converted into something else but unfortunately would not produce the same return, right? Is it a safe strategy to proceed a career in commercial rental real estate ?
Please i would really like to hear from you guys as you can provide me with appropriate knowledge .
Whats your take on this ?