RealtyShares, an online marketplace for real estate investing, announced on Wednesday the results from its Commercial Real Estate Investing Survey, which was conducted online among over 2,000 U.S. adults in December 2017 by Harris Poll on its behalf. The results revealed that many Americans believe commercial real estate is a catalyst for improving local communities. While sharing more details about the results, RealtyShares stated:
“The survey found that a quarter of U.S. adults (25%) felt commercial real estate investment has the biggest impact on enhancing the reputation of a community. Roughly 1 in 5 of those who have or are currently investing in commercial real estate have done so for reasons that may support their community, like helping a friend or family member with capital for a commercial real estate investment (20%) or needing a facility for their own business (17%).”
The survey also revealed that 53% of Americans would invest in commercial real estate within their communities if given a chance. For those who have never invested in commercial real estate, affordability and access were the major roadblocks. 61% percent also believe they lack the necessary funds, while 19% don’t know how to invest. This may be creating an investing gap, as nearly 9 out of 10 Americans (89%) have never invested in commercial real estate.
“Millennials appear more eager to tap into this multi-billion dollar asset class than some older adults. The survey found 67% of Americans ages 18-34 would invest in local commercial real estate if given the chance (compared to 45% of adults ages 45+). The biggest hindrance to commercial real estate investing, according to millennials, may be the perceived lack of opportunity. Seventy-one percent want investing in these type of properties within their community to be easier, and 62% are looking to their local government to attract more commercial real estate investment.”
Edward Forst, CEO of RealtyShares, then added:
“People clearly see commercial real estate as a driver to a healthy, thriving community, and they’re interested in participating. RealtyShares can bridge the gap between interest and participation. Our platform allows investors the opportunity to participate in quality real estate projects across the nation.”