Weekend Reading - Commercial Real Estate
Written by Brent Carnduff | December 20, 2019
Happy last Friday before Christmas! This week:
- Retail's "returning" nightmare
- Is parking part of our future?
- Healthy western markets
- Gen Z shoppers
- WeWorks looking to exit from leases
More Online Sales Mean Retailers Need to Solve a $50 Billion Returns Problem this Holiday Season by Lauren Thomas on CNBC
Companies, more than ever, need to be prepared to handle a surge in returns of e-commerce orders. If they’re not, they risk running into packages getting tangled up along their supply chains, with customers waiting on refunds to hit their credit cards, and then returned merchandise going unsold.
Today's CRE Tenants Want Lots of Parking, But the Future Belongs to the Carless by Kerri Panchuk on Bisnow
That shift to transportation as a service is coming, and people are predicting 50% or more less demand for parking spaces. As a consequence, people don’t want to build a 30-year investment if it’s going to be useful for only 15 years or 10 years. But tenants and brokers, who still live in a largely car-centric society, continue to demand parking spots and lots of them.
Demographics Drive Booming Housing Markets Out West by Catherine Liu on Commercial Observer
New resident inflow usually reflects strong local economies and healthy job markets.
For the 2018 fiscal year, average growth for the Mountain region clocked in at 7.33%, far outpacing that of all other geographic areas in the country that year, while Pacific states logged a 5.77% gain.
What Do Gen Z Shoppers Want? A Cute, Cheap Outfit That Looks Great on Instagram by Elizabeth Paton, Taylor Lorenz and Isabella Kwai on The New York Times
(Their) purchasing choices — fueled by influencer culture and catered to by a new wave of ultra-fast-fashion retailers, are as much about how an outfit will look on social media as in the real world.
WeWork is Exploring About 100 Leases for Possible Exits as it Works to Stem Losses by Annie Palmer on CNBC
The embattled co-working start-up could unravel leases it signed on up to 100 buildings, which comprises 10% to 15% of its global office leases.
Thanks for reading! Hope you have a Merry Christmas! Check back every Friday for the latest edition of "Weekend Reading for CRE " or subscribe to our blog to receive it in your inbox automatically.
Read Past Editions
Weekend Reading for the Commercial Real Estate Industry - December 13, 2019
Weekend Reading for the Commercial Real Estate Industry - December 6, 2019
Weekend Reading for the Commercial Real Estate Industry - November 29, 2019
Weekend Reading Library (All Editions)