Adaptability The real estate market is in a constant state of evolution, and successful developers must be able to adapt to new trends, technologies, and regulatory practices. Keep up with the latest trends by tracking real estate news sites, monitoring how tech is shifting industry norms, observing high volatility markets as those often indicate a broader market trend, and making inroads in communities you're interested in developing to better understand where things might be going on a community level. Those who keep up with and implement the latest trends - whether it’s climate resiliency or innovative design aesthetics - will experience longevity in the industry. The next generation of successful owners will be open to digital transformation, collecting and harnessing data from projects to make better-informed decisions at every stage of a project lifecycle. Data is often underutilized in the development process, and can help your team leverage valuable insights and make strategic decisions to drive higher returns. 15