this industry will explode in the coming months (don't miss out)
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Every week I do research to figure out which industries are performing and which industries are not. It’s important to continue staying up to date with the markets as this will inevitably make you a better investor.
In this issue of The Profit Zone, we’re going to be discussing one industry that is set to explode in the coming months and the reason why.
Hint: it’s not crypto or tech stocks
Are you ready? Let’s go.
Real estate has been a hot topic lately but not just any type of real estate. If I’m an investor, I’m asking myself “what are consumers are buying right now?”
The answer? It’s definitely not office space.
If you don’t live under a rock you know that office space is in low demand right now. Many large markets in Canada, as well as the US, are seeing record high vacancy rates. Employers have figured out that their employees can do their jobs just as well if not better from the comfort of their own homes, so why would they continue paying to rent office space?
As most things are in this world, this is purely a financial decision and an opportunity for employers to save a lot of money.
Personally, my own employer has decreased its office space by 50% and as of today, we don’t even have our own offices anymore. They’ve moved to a hotel desk system, essentially allowing you to “book a desk for a day” if you want to come into the office.
More and more employers are adopting this model making office space increasingly obsolete.
That’s one sector of real estate I wouldn’t touch with a 10-foot pole, at least for right now.
But just because office space isn’t performing up to par, doesn’t mean we can’t use basic economics to make an educated guess about which real estate sector will.
So which one is it?
The answer is…