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Commercial Real Estate in Key West & the Florida Keys by RE/MAXCommercial Real Estate in Key West & the Florida Keys by RE/MAX

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What Impact Will Millennials Have On Commercial Real Estate In The Future?

Millennials are the largest generation that has ever existed. Residential real estate teams are already learning to adapt to this new consumer group, but commercial real estate teams have been lagging behind in some respects because millennials are in their 20s and 30s. Their time of commercial real estate dominance is almost upon us. If you are going to sell your commercial property in the Florida Keys, you need to stick with a team who knows how to market to all generations. Let us help you. We understand that despite the media’s labeling of this generation as entitled, they are actually financially smart. They are skipping renting apartments and heading right into purchasing homes for example. They know that’s the smart financial choice.

This generation is self-motivated and they follow their own ideals and dreams. With them comes a shift in real estate marketing. If you thought you could place an add in a real estate magazine and call it good, you’ll miss out on buyers already. Things have already changed in this industry in just a couple of years and more changes are headed our way. From paper to online listings, times have changed and will continue to change. Simply being online isn’t even enough anymore. Millennials rarely use desktop computers. They check listings from apps on their mobile phones. This is just the tip of the iceberg though.

What Will Millennial Entrepreneurs Want From This Industry?

Plus, millennials are cautious, educated purchasers and they want to know all the stats before they even step foot into a commercial building they are considering renting. They will want to know all the details about size, pricing, zoning regulations, and they won’t want to wait. They won’t want to have to call us up to know these details. They will want to see it right in the listing. They will want photos, yes. But they will eventually want more than photos. They will want virtual tours. As millennials make their way into commercial real estate purchasing, virtual reality tours of commercial buildings will eventually become the standard. They will want video tours. They will demand the video tours be more than just the photos in the listing set to music. Eventually, full video walkthroughs will be commonplace. Millennials will demand better technology. Eventually, we will see 3D interactive models of commercial buildings. Online lead generation will eventually outpace referral-based leads, unless you factor in social media referrals.

We Are Prepared For Millennial Changes To Real Estate

This generation has been living at home longer, as the media portrays. That’s true. What is left out of the full picture though is that these young adults have been saving money, building credit, and planning for their futures. We are taking this generation seriously.

When the market demanded that we move to online listings and robust online resources, we stepped up. When it became clear that our clients needed access to wi-fi in our building so that they can quickly check facts and send out emails or texts without waiting until they got home, we got wi-fi in our building. As websites evolved, so did ours. Your potential tenants or buyers wanted to be able to schedule a showing online. We made sure they could. We don’t post a few photos to our listings, we show them all the photos we can.

We pride ourselves on our capacity to market your commercial property effectively to all generations, and we are prepared to do whatever it takes to sell or rent your commercial space whether that’s today, with today’s standards or next year, with whatever newer standards clients demand. We have decades of experience in this industry and we are prepared to market your property to potential purchasers or tenants at an international level, no matter where the future takes this industry.

RE/MAX Keys Connection

101600 Overseas Highway $20,000,000

101600 Overseas Highway KEY LARGO, Florida

3 Beds 3 Baths 3,717 SqFt

139 Seaside Avenue $10,500,000

139 Seaside Avenue KEY LARGO, Florida

5 Beds 7 Baths 6,740 SqFt

5730 4Th Avenue $9,995,000

5730 4Th Avenue Stock Island, Florida

9 Baths 6,444 SqFt

1622 Overseas Highway $9,900,000

1622 Overseas Highway MARATHON, Florida

3,400 SqFt

12685 Overseas Highway $8,500,000

12685 Overseas Highway MARATHON, Florida

5,607 SqFt

517 Duval & 518 Bahama Street $7,500,000

517 Duval & 518 Bahama Street KEY WEST, Florida

4 Baths 7,854 SqFt

3428 Roosevelt Boulevard N 1,2,3,4,5,6 $5,995,000

3428 Roosevelt Boulevard N 1,2,3,4,5,6 KEY WEST, Florida

7 Baths 8,046 SqFt

$5,250,000

Key Largo, Florida

2 Baths 4,680 SqFt

96180 Overseas Highway $4,650,000

96180 Overseas Highway KEY LARGO, Florida

3 Beds 3 Baths 1,445 SqFt 0.960 Acres

919 - 921 Duval Street $3,750,000

919 - 921 Duval Street KEY WEST, Florida

9 Beds 6 Baths 4,173 SqFt

101350 Overseas Highway $3,250,000

101350 Overseas Highway KEY LARGO, Florida

2 Baths 6,674 SqFt

1100 Indies Drive S $2,725,000

1100 Indies Drive S Duck, Florida

4 Beds 4 Baths 3,402 SqFt 0.290 Acres

100150 Overseas Highway $2,400,000

100150 Overseas Highway KEY LARGO, Florida

2,436 SqFt

352 Seaview Drive E $2,200,000

352 Seaview Drive E Duck, Florida

2 Beds 3 Baths 1,440 SqFt 0.190 Acres

218 Bristol Court $1,999,000

218 Bristol Court Tavernier, Florida

3 Beds 2 Baths 1,628 SqFt 0.150 Acres

Upscale, Comfortable Commercial Real Estate Office

The RE/MAX Keys Connection office is located in the Historic Heritage House in the heart of Old Town, conveniently located immediately nearby major downtown hotels. Our unique, cafe-style real estate office offers our valued clients a welcoming, upscale, professional environment. Enjoy complimentary beverages, free wi-fi, and a private conference room or expansive front porch, depending on the level of privacy you’re most comfortable with.

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Experienced Commercial Real Estate Brokerage Company

RE/MAX Keys Connection’s owner and broker Curtis Skomp is one of South Florida’s top commercial real estate brokers. With over two decades of experience and a CCIM (Certified Commercial Investment Member) designation, Curtis has brokered commercial real estate including industrial properties, shopping centers, strip malls, trailer parks, bars, restaurants, hotels and multi-unit apartment buildings. Unlike many brokers, Curtis isn’t intimidated by bank foreclosures either.

RE/MAX Keys Connection offers clients international exposure with local service. Our service area includes  Key West, Big Pine Key, Marathon, Islamorada, Key Largo, and all of unincorporated Monroe County.  Our office is fluent in Spanish, which is highly important when doing business in Southern Florida.

Contact RE/MAX Keys Connection Today!

Posted in: Renting Commercial Real Estate, Sellers Tagged: changing technology in real estate, commercial real estate, Florida commercial properties, millennial business owners

About Curtis A. Skomp, CCIM

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Key West Office

RE/MAX ALL KEYS REAL ESTATE
305-296-1400 Office

Business Address:
517 Duval St Suite 200, Key West, FL 33040

View RE/MAX All Keys Real Estate Key West location on Google

Key Largo Office

RE/MAX ALL KEYS REAL ESTATE
305-451-0060 Office

Business Address:
98880 Overseas Hwy, Key Largo, FL 33037

View RE/MAX All Keys Real Estate Key Largo location on Google

Miami Office

RE/MAX Advance Realty
305-444-7111 Office

Business Address:
11010 SW 88th St. Ste. 200, Miami, FL 33176

View RE/MAX Advance Realty South Miami location on Google

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Licensed in Florida | Key West FL Commercial Real Estate

AREAS WE COVER:

33040, 33043, 33042, 33050, 33036, 33037
Key West, Stock Island, Big Pine Keys, Marathon, Islamorada, Key Largo

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