- Industrial Is On The Brink Of Overbuilding “Industrial developers are unleashing nearly 700M SF of warehouses across the nation following two years of record absorption as Amazon and other retail companies expanded their distribution networks. But experts say a likely recession and quickly decelerating online sales growth could mean developers are in danger of overshooting demand..” (Bisnow)
- 71 Cities and Towns Are Paying Tech Workers to Abandon Silicon Valley. It’s Working. “Because these programs specifically target remote workers who have high wages, a disproportionate share of those who are taking advantage of them work in tech—and especially for big tech companies. Companies whose employees have participated in one remote worker incentive program in Tulsa, Okla., include Adobe, Airbnb, Amazon, Apple, Dell, Facebook parent Meta Platforms, Google, IBM, Microsoft, Lyft, Netflix, Oracle and Siemens, according to a spokeswoman for the organization.” (The Wall Street Journal)
- What History Teaches Us About Inflation And Commercial Real Estate “As an investor in commercial real estate (CRE) for 28 years, I believe that by studying economic periods of the past, we can be better informed on how inflation is likely to affect our industry now. Because history, like CRE, is known to repeat itself, what happened decades ago can lend insight into today’s market.” (Forbes Business Council)
- Sunday Summary: What Will a Bear Market Mean for CRE? “Real estate’s problems are still being compounded by the fact that offices are still largely unused. The inevitable tightening of belts that go with a recession might include a critical look at all that fallow office space.” (Commercial Observer)
- Starbucks Experiments With Its Real Estate Recipe — and the Future of the American Coffee Shop “For Starbucks, the three stores in the Heritage Market concept are limited to the brand's hometown and largely highlight narrower initiatives such as new training for baristas and outreach to the homeless. They also have characteristics that are distinct from each other.” (CoStar)
- Virtual experiences impact consumer purchase decisions, but tech adoption is low: report “A majority of U.S. consumers who used augmented reality features to try on or test products say it influenced their purchase decision, according to a report by Forrester shared with Retail Dive. However, only 20% of U.S. adults online are comfortable using content within those spaces.” (Retail Dive)
- Real estate executives flood Adams’ 2025 reelection account. Here's who contributed. “The well-heeled donors joined the ranks of Republican Party bankrollers in supporting Adams, a moderate Democrat who appeals to conservative types with his tough-on-crime messaging, pro-business bent and rhetorical support for charter schools.” (Politico)
- May You Buy and Sell Manhattan Buildings in Interesting Times “Annualizing the first half of 2022 puts the current Manhattan investment sales market on pace for about $20.25 billion for the year, which would be up 28.6 percent from last year’s $15.75 billion and 81.6 percent above 2020’s bottom — but still 64.8 percent below peak levels in 2015.” (Commercial Observer)
- Inflationary Pressure Easing For Some Construction Materials “Overall, construction input prices were up 1.9% in June compared to the previous month, according to ABC's analysis of U.S. Bureau of Labor Statistics data, and up 20.3% compared with June 2021.” (Bisnow)
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