What We're Reading - May 17th, 2019
Written by Brent Carnduff | May 17, 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.
Investors Go After Industrial Assets in Secondary Markets by Sebastian Obando on National Real Estate Investor
Prices on industrial assets continued to rise, by 15 percent year-over-year to an average of $116 per sq. ft. As a result, many investors are starting to look at lower-cost secondary markets . . .
Phoenix Outskirts Capture Growing Warehouse Construction Demand by Randyl Drummer on CoStar
Each week seems to bring new industrial construction projects in Phoenix as developers and investors scramble to meet demand for distribution and logistics facilities in the area and across the Southwest.
Three Reasons Commercial Real Estate is Still "Local" by Allen Buchanan on Location Advice
(W)e now can access an ownership of any commercial property in the United States - and there are over 48,000,000 of them! Want to find a vacant building in Austin, Texas? No problem. Your client operates four hundred locations nationally? We are now equipped to manage his account through the technology at our fingertips. Competition for business is no longer local as everyone has access to the same information.
So with the advent of technology and the open doors we all share - has the local nature of commercial real estate been lost? Hardly!
CBRE Predicts Changes in Food-and-Beverage and the Real Estate They Occupy by Linda Lindner on NJBiz
A CBRE analysis of U.S. consumer spending and demographic patterns suggests significant changes for food-and-beverage operators and the real estate they occupy, including a greater push for convenient, prepared foods, a growing millennial influence, and the emergence of inner-ring suburbs as the industry’s hottest market.
Restaurants and Grocery Stores Re-Evaluate Space Needs Based on Rising Demand for Deliveries by Sebastian Obando on National Real Estate Investor
Restaurants and grocery stores are experimenting with kitchen-only sites and curbside pick-ups amid rising consumer demand for food delivery, according to CBRE research.
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