Weekend Reading for the Commercial Real Estate Industry - September 6, 2019
Written by Brent Carnduff | September 6, 2019
Happy Friday! This weekend's edition includes the Top 5 Multifamily markets, another red flag from WeWork, how neighborhood centers have become the "last-mile delivery of services," the rising cost of office construction, and the challenges of making flexible office space work for all users. Enjoy!
Top 5 Markets for Multifamily Rent Growth by Razvan Cimpean on Commercial Property Executive
The country's best-performing markets ranked by year-over-year rent increases through July 2019.
WeWork Paid Its Own CEO $5.9 Million to Use the Name 'We,' But Now He's Giving it Back After the Deal was Criticized by Ben Gilbert on Business Insider
Ahead of its initial-public-offering filing, WeWork reorganized and rebranded as The We Company. To rebrand itself around the word "We," the company paid its own CEO nearly $6 million for trademark rights.
Neighborhood Centers Quietly Winning the Retail War by Scott Crowe on Commercial Property Executive
While most of retail real estate is being negatively disrupted by today’s trends, a winner in the asset class has emerged, hidden by the uncertainty and confusion surrounding retail in general. The winner is a property type we call “neighborhood retail,” which has become the brick-and-mortar interface for the last-mile delivery of services.
With Rising Construction Costs, Office Development Might Slow by Patricia Kirk on National Real Estate Investor
This level of new development, however, is challenging office developers and the construction trades, especially in the hottest office markets, where a combination of labor shortages and more expensive building materials have pushed construction costs to all-time highs.
Flexible Workspace Typologies for Different User Types by Martha O'Mara and Ron Zappile on Colliers Knowledge Leader
. . . there is not a one-size-fits-all flexible workplace model that works for every organization. In this article, we detail the many forms — both experience models and financial models — that flexible workspace providers are developing to fit the highly variable space types and activities occupiers require to enable their business objectives.
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