Last year, transit-oriented developments were all the talk. What many developers and investors found was that making these types of developments work with local government entities is not always easy – despite TOD being a win-win-win for cities, residents, and businesses.
When unemployment rates go up as high as they did during the recession, newly unemployed folks rush to enroll in higher education. Either to improve their marketability and skills for an increasingly educated job market or to have access to money while looking for work, universities saw in uptick in both foreign and domestic student enrollment in U.S. universities during the economic collapse in 2010.
A full 90% of new multifamily construction today is rentals according to one study. For the last several years, demand in multifamily has outpaced new construction, causing some places to see huge spikes in rent prices. Still demand has not slowed while prices have been growing by up to 8% year-over-year. Experts predict rent prices to normalize around 2%.
Lost in the headlines about Amazon acquiring hundreds of Whole Foods stores last year was the company’s announcement of a big search for a new second headquarters – although everyone in CRE was paying attention. Unusual but not atypical for a company as known for being innovative and different as Amazon is, opening a second headquarters means tens of thousands of new jobs as well as the other new businesses and residents that will spring up around it.
According to industry insider Tasting Tables, the industrial fad is fading. Instead of steel beams and concrete slabs, a big restaurant trend taking over the market is the move to more cozy interior designs. That’s just one trend that is reversing or changing.
The United Nations Conference on Trade and Development (UNCTAD) is behind an initiative to promote sustainable development in every member state of the U.N. Its stated goals also include initiatives to significantly increase sustainable industrialization in lesser developed countries (LDCs) by raising their share of GDP and industry share over the next 12 years.
Continuing on last year’s success, the industrial market is still facing ever-tightening space on the coasts and in city hubs all across the country. Mainly spurred by the logistical challenges created by e-commerce, the market continues to shrink. In response, there are businesses looking for industrial flex space right now to overcome the challenges of rising rents and low vacancy rates.
For decades, large department stores served as the anchor store for malls and shopping centers. The anchor is the main attraction while all of the other retail shops inside of the mall pay the majority of the lease. Without the anchor, the mall dies. With so many big anchor stores closing in malls throughout America, could grocery stores replace department stores as the new “mall” of our era?
MADISON, N.J. (April 18, 2018) – Coldwell Banker Commercial Affiliates announced its 2017 year-end award recipients in numerous company, office, and affiliated professional categories.
