Weekend Reading - Commercial Real Estate
Written by Brent Carnduff | February 14, 2020
Happy Valentine's Day! This week's readings include:
- Phoenix office absorption
- Self driving cars
- Branding for shopping centers
- Offices of the future
- Is there value in creating "green" buildings?
The Greater Phoenix office market experienced its best year since 2008, posting very strong net absorption and adding more than 3.4 million square feet of new office space to the inventory.
U.S. Clears the Way for this Self-Driving Vehicle with No Steering Wheel or Pedals by Matt McFarland on CNN Business
The R2 has no steering wheel, pedals or side mirrors as it's designed to be unmanned and carry cargo. Large compartments on its side open up to reveal deliveries, such as groceries or pizza.
Why Shopping Centers Need Branding by Kelsi Maree Borland on Globe St.
Branding a shopping center can be an important element of success. As the retail market continues to focus on experience, creating a brand and brand characteristics can create value for stakeholders and attract new consumers. It is a way to stand out in an increasingly competitive retail market.
From Privacy Booths to Smart Parking Garages: These Photos Show What Offices of the Future will Look Like by Jennifer Liu on CNBC Make It
As the cost of traditional 10- to 15-year office leases has ticked up nationwide, corporate tenants who want to be able to scale quickly are turning to shorter and less costly 1- to 5-year leases where they can add (or reduce) square footage at a much faster pace.
Green Buildings Lease Up Faster, But Don't Get the Valuation Premium They Deserve by Mike Phillips on Bisnow
For every 5% increment that is certified green in the total percentage of an office portfolio, the occupancy rate of a company improves by 85 basis points compared to less sustainable rivals
Thanks for reading! 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 - February 7, 2020
Weekend Reading for the Commercial Real Estate Industry - January 31, 2020
Weekend Reading for the Commercial Real Estate Industry - January 24, 2020
Weekend Reading Library (All Editions)