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By:
Brian Lawrence, SVP and CRE Team Leader, Univest Bank and Trust Co. August 30, 2022
As many older millennials are looking to settle down, buy a home and start a family, the rising cost of real estate is pricing many out of the market all together. Egged on by low interest rates, the real estate market has boomed over the last two years, with housing prices up 20-30% since the pandemic began, making buying a home less affordable than ever. Millennials in particular face unique challenges when searching for a home.
Saddled with student loans, a recent study showed that 36% of US millennials say such debt is…
By:
Brian Lawrence, SVP and CRE Team Leader, Univest Bank and Trust Co. December 21, 2021
Commercial real estate (CRE) saw a fluctuation in demand in 2020 and 2021 due to the COVID pandemic and its economic impact. However, one sector we’ve seen boom due to the shift towards digital and contactless commerce is industrial space and, more specifically, warehousing and cold storage. But why are these two areas doing so well and why do we expect them continuing to do well into 2022?
Warehousing has done particularly well over the past year and a half due to the restrictions around in-person retail implemented to curb the pandemic and the associated rise in digital sales and…
By:
Brian Lawrence, SVP and CRE Team Leader, Univest Bank and Trust Co. July 8, 2020
In today’s economy, everything is about convenience, from food delivery apps to the ability to shop for just about anything online to the growing trend of living, working and recreating in the same complex. This need for convenience has been exacerbated as the coronavirus pandemic has many working from home and ordering everything from groceries to cleaning supplies to retail items online. The desire and need for convenience is impacting every industry, including commercial real estate.
Two key areas seeing increased demand during this unique time as Americans continue the shift towards a convenience economy are industrial warehousing and mixed-use…
