Weekend Reading - Commercial Real Estate
Written by Brent Carnduff | October 4, 2019
Happy Friday! This weekend's edition includes:
- Why it might be time to invest in the suburbs.
- Will co-working thrive or fail during a recession?
- Will your city be hit hard by the next recession?
- Real estate trends for 2020.
- Trends affecting the future of retail.
Millennials Could Drive Resurgence in Suburbs . . . If they Choose to Exit Urban Areas by Richard Lawson on CoStar
The suburbs, in fact, may be just the place for investing in apartments, office and retail properties, if millennials, the largest living generation, decide to do what previous generations have done before them and move there in droves.
Will Coworking Operators Flourish or Fail in Tough Economic Times? by Patricia Kirk on National Real Estate Investor
Office users want flexibility during uncertain economic times, but flexible lease terms provided by co-working operators offer tenants a quick out with few financial consequences.
How Likely is Your City's Real Estate Market to Tank During the Next Recession by Jacob Passy on MarketWatch
These markets tend to attract more home flippers looking to turn a quick profit. Overall, the higher amount of investor activity in these cities drives home prices up. That forces homeowners to take out larger loans to buy property.
And so when recessions hit the local economies of these cities and cause job cuts, the larger loan amounts can represent an even more substantial burden for households that have experienced a loss of income. Many of these home owners will then default on their debt, and the resulting foreclosures will exert downward pressure on home prices across these markets.
Hipsturbia, Co-Living and More Emerging Trends that will Shape Real Estate in 2020 by Brenda Richardson on Forbes
In spite of these headwinds, the forecast cites adaptability to change along with discipline as key factors in the industry’s ability to withstand an economic downturn and the possibility of softer real estate demand in the years ahead.
Retail Predictions for 2025 by K.C. Conway on CCIM
. . . it is important to recognize that the shopping center and shopping mall are essentially the mid-20th century adaptation of the historical marketplace. The 21st century version is Amazon and the virtual e-commerce marketplace. Each iteration disrupts the prior format, which is what is occurring today. Those who adapt will survive this extinction event. Those who don’t will go the way of the dodo bird, rotary phones, and Blockbuster.
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Read Past Editions
Weekend Reading for the Commercial Real Estate Industry - September 27, 2019
Weekend Reading for the Commercial Real Estate Industry - September 20, 2019
Weekend Reading for the Commercial Real Estate Industry - September 13, 2019
Weekend Reading Library (All Editions)