Weekend Reading for the Commercial Real Estate Industry - August 30, 2019
Written by Brent Carnduff | August 30, 2019
- WeWork prognosis
- Retail industry continues expanding
- New mall tenants pay more rent
- Older apartment building help curb demand for affordable housing
- Preparing for the downturn
WeWork May Fail. Coworking Won't - by Patrick Sisson on Curbed
Despite WeWork’s size and media profile—it controls 71 percent of the total working inventory in the U.S., per CBRE—coworking shouldn’t be conflated with that firm alone. The evolution of the industry, especially since the Great Recession, has spawned a number of competitors, many of whom feel they can ride the wave of attention generated by the IPO yet stand apart from WeWork approach to financing and scaling.
64 Percent of Retailers Are Opening New Stores in 2019 by Brannon Boswell on ICSC
“Clearly, there is significant pressure in apparel and department stores; however, in every single retail segment there are more chains that are expanding their number of stores than closing stores.”
New Tenants in Former Macy's Space Generate 19x the Rent for Mall Owner by Al Urbanski on CSA
. . . fitness tenants once shunned by mall owners due to their need for added parking space are welcomed with open arms.
Lack of U.S. Affordable Housing Turns Dated Apartments into Investor Darlings by Paul Owers on CoStar
Apartment investors across the country are more and more bypassing luxury towers to unlock the potential of these more humble buildings amid a nationwide shortage of affordable housing.
Developers, Investors Prepare to Swoop in on Future Cash Cows During Downtown by Cameron Sperance on Bisnow
Just because signs are pointing to a downturn doesn’t mean every commercial real estate firm is anticipating dire consequences. Many have been waiting years for this moment to seize on opportunities.
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