THE DECADE AHEAD: DIRECTIONS IN REAL ESTATE Travel Experience and - - PowerPoint PPT Presentation

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THE DECADE AHEAD: DIRECTIONS IN REAL ESTATE Travel Experience and - - PowerPoint PPT Presentation

Aug 28, 2023 257 likes •392 views

2020 OUTLOOK THE DECADE AHEAD: DIRECTIONS IN REAL ESTATE Travel Experience and Trends Council September 20, 2019 Adam Ducker, Senior Managing Director 10 NEW DIRECTIONS IN DESTINATION HOUSING, HOSPITALITY AND RETAIL INNOVATIONS SEEN IN

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2020 OUTLOOK – THE DECADE AHEAD: DIRECTIONS IN REAL ESTATE

Travel Experience and Trends Council September 20, 2019 Adam Ducker, Senior Managing Director

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Travel Experience and Trends Council | 9/20/2019 | 2

10 NEW DIRECTIONS IN DESTINATION HOUSING, HOSPITALITY AND RETAIL

INNOVATIONS SEEN IN URBAN MARKETS COMING TO A DESTINATION NEAR YOU(?)

1.

You can rent it?

2.

Housing and hospitality blur

3.

I live here!

4.

House and location disaggregate

5.

The rise of cute

6.

“Super condo” is the new single-family

7.

More modern, more simple (cheaper to build?)

8.

Glamping goes mainstream

9.

The crash pad phenomenon

  • 10. Pop up retail for real (Or, retail is craft)

Source: RCLCO

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Travel Experience and Trends Council | 9/20/2019 | 3

  • 1. YOU CAN RENT IT?

Source: US Census; RCLCO Historic and Current Renter Households by Age Bracket, 2005-2016; Washington, D.C. 15% 15% 27% 19% 0% 5% 10% 15% 20% 25% 30% 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Under 35 35 to 55 55 to 75 75+ 2005 2016 % Increase 5,000 10,000 15,000 20,000 25,000 30,000 $50,000 - $75,000 $75,000 - $100,000 $100,000 - $150,000 Over $150,000 Existing Mature Affluent Renters, 55-74 Washington, D.C. 2005 2010 2016 79 West; Panama City Beach, Florida Overture Orlando Orlando; Florida

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Travel Experience and Trends Council | 9/20/2019 | 4

  • 2. HOUSING HOSPITALITY BLUR

Source: RCLCO

Corporate Housing Co-Living Home Sharing -- Service Home Sharing -- Digital Solution Apartment Hospitality Extended Stay Hotel Common Brands

Apartment Hotel

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Travel Experience and Trends Council | 9/20/2019 | 5

  • 3. I LIVE HERE!

Source: Pew Trust Research; Niche Schools Ranking; RCLCO Sizing the “Gig Economy” United States

1.

Cheyenne Mountain (Colorado Springs)

2.

Aspen

3.

Telluride

4.

Cherry Creek (Denver)

5.

Boulder

6.

Littleton (Denver)

7.

Steamboat Springs

8.

Poudre (Fort Collins)

9.

Lewis Colony (Monument)

10.

Academy (Colorado Springs) Highest Rates School Districts Colorado New Co-Working Space – “Ski Locker” Steamboat Springs, Colorado

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  • 4. HOUSE AND LOCATION DISAGGREGATE

Source: Developer Websites; RCLCO Mobile Tiny Homes Manufacturer “Escape” Portable Home and Racking System “Kasita”

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Travel Experience and Trends Council | 9/20/2019 | 7

  • 5. THE RISE OF CUTE

Source: David Viehman; RealQuest; RCLCO Lakeside Cabins Moonlight Basin; Big Sky, Montana Cape Arundel Cottage Preserve Cape Arundel, Maine

100 200 300 400 500 600 700 800 900 1,000 1970 1980 1990 2000 2010 Days on Market Year Built 4-BR+ 3-BR 2-BR 1-BR Linear (4-BR+) Linear (3-BR) Linear (2-BR) Linear (1-BR)

Days on Market by Unit Type Snowmass Village, CO; 2013-2019

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Travel Experience and Trends Council | 9/20/2019 | 8

  • 6. “SUPER CONDO” IS THE NEW SINGLE-FAMILY

Source: Developer Websites; RCLCO The Balsam Boulder, Colorado Casita at El Dorado San Jose del Cabo, Mexico Cleo at Playa Vista Los Angeles, Calfornia Existing Large Lot Single-Family Lonely, Dated, Expensive to Maintain

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  • 7. MORE SIMPLE, MORE MODERN (CHEAPER TO BUILD?)

Source: Developer Websites; RCLCO Moreland Village Palmetto Bluff; South Carolina Limelight Hotel Ketchum, Idaho

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Travel Experience and Trends Council | 9/20/2019 | 10

  • 8. THE CRASH PAD PHENOMENON

Source: Developer Websites; RCLCO Bivvi Hostel Breckenridge, Colorado Yotel Pad Canyons; Park City, Utah

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Travel Experience and Trends Council | 9/20/2019 | 11

  • 9. GLAMPING GOES MAINSTREAM

Source: Developer Websites; RCLCO ArtisTree Lake Travis, Texas Playa Papaya Project – Semi-Permanance Tulum, Mexico El Cosmico – Product Type Proliferation Marfa, Texas

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Travel Experience and Trends Council | 9/20/2019 | 12

  • 10. POP UP RETAIL FOR REAL

Source: Developer Websites; RCLCO Kombi Bar Bondi Beach; Sydney, Australia The Pop Shop Stratton, Vermont Pop Up Craft Market Not in a Resort Pop Up Beer Garden Not in a Resort

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AUSTIN LA ORLANDO DC

221 W 6th St Suite 2030 Austin, TX 78701 11601 Wilshire Blvd Suite 1650 Los Angeles, CA 90025 964 Lake Baldwin Ln Suite 100 Orlando, FL 32814 7200 Wisconsin Ave Suite 1110 Bethesda, MD 20814

Adam Ducker Managing Director P: (240) 644-0980 E: ADUCKER@RCLCO.COM W: RCLCO.COM