Weekend Reading: CRE Pros
Written by Brent Carnduff | June 28, 2019
In our effort to stay current on the opportunities, challenges, and trends in the real estate space, we follow or subscribe to almost 100 publications that cover economics, local markets, real estate, and political news. Our goal with this weekly blog post is to share the best of those articles with the commercial real estate industry.
This week:
- Nice guys don't have to finish last in CRE
- Office buildings with shared space face discounts from buyers and lenders
- Phoenix might be the alternative to California for tech companies
- Number of apartment construction starts drops 25%
- New research predicts a softening in demand for industrial space going forward
In the Future of Real Estate, Nice Guys Will Finish First by Jonathan Keyser on Forbes
"If you’re looking to disrupt the industry, ruthless behaviors are not the right strategy. To differentiate yourself, focus on sparking long-term success, building a loyal client base and providing clients with value-led experiences."
Uncertainty Over Coworking's Future Lowers Real Estate Valuations by Candace Carlisle on CoStar
Coworking is increasingly popular with businesses and it's helping building owners fill their space. But the concept of shared office space also has a downside: The flexible terms of the leases that coworking companies offer to sublet their space are holding down property valuations, real estate executives say, causing uncertainty for investors.
The Next Tech Hub Isn't Austin or Denver. The Next Tech Hub is Greater Phoenix by Dustin McKissen on Inc.
Greater Phoenix's desirability among Millennials is one big reason so many knowledge-based companies are viewing the region as a destination. Recent research ranked the city as the fourth-most-desirable urban area in the country among Millennials.
U.S. Apartment Construction Begins to Slow as Costs Rise from Decade-Long Boom by Molly Armbrister on CoStar
Apartment construction nationwide is taking a breather following record amounts of supply hitting U.S. cities in the past decade, slowed by rising construction costs that make it difficult to build.
The Speed Bumps Ahead for Industrial Assets Don't Diminish Investor Appetite by Beth Mattson on National Real Estate Investor
Slowing economic growth, trade wars and a pipeline that is delivering new supply to the market may force investors to adjust return expectations for industrial properties, but it doesn’t appear to be putting much of a dent in buyer demand.
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