Weekend Reading for the Commercial Real Estate Industry - January 17, 2020
Written by Brent Carnduff | January 17, 2020
Happy Friday! This week:
- Phoenix commercial sector still going strong
- What to expect for Phoenix in 2020
- Number of service tenants crosses new threshold
- Rail is becoming bigger factor for industrial selection
- Why Net lease is the darling of the retail sector
Phoenix Landlords Celebrate as Companies Move to City From Costlier Markets by Jessica Morin on CoStar
More than a decade ago, Phoenix was synonymous with cheap labor and land that attracted call centers and back-office operators. Fast forward to the present day and the companies that Phoenix is attracting has evolved, with the metropolitan area becoming increasingly recognized as a hot-bed for technology and a growing financial hub.
The Greater Phoenix office market is following a similar trajectory as the industrial and multifamily markets. The outlook for 2020 and beyond is strong based on a large influx of companies moving into the market. Those companies are either escaping higher operational costs in coastal markets or expanding into the market, making the demand for office space high.
Service Tenants Now Outnumber Retail Tenants in the U.S. by Brannon Boswell on ICSC
With the growing importance of services, shopping centers have evolved into community hubs more than ever before. In some ways, it harks back to how the first marketplaces fulfilled the basic needs of the consumer and played a vital role in everyday life.
Proximity to Rail Service to Play a Bigger Role in Industrial Site Selection by Patricia Kirk on National Real Estate Investor
A growing truck driver shortage, along with improved efficiency of U.S. rail operations, has more shippers considering rail transportation as a viable alternative to long-haul trucking.
Why Net Lease is the Darling of the Retail Sector by Les Shaver on Globe St.
When most people think negatively about retail, they’re talking about big box, C class malls and major enclosed malls, all of which are having their challenges, the overall perception of retail is, at best, uncertain and, at worst, shrinking.
But in the single-tenant national net lease segment things are different. If you drill down on it, net lease is the darling of the retail sector.
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Read Past Editions
Weekend Reading for the Commercial Real Estate Industry - January 10, 2020
Weekend Reading for the Commercial Real Estate Industry - January 3, 2020
Weekend Reading for the Commercial Real Estate Industry - December 27, 2019
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