Weekend Reading for CRE Professionals - May 24, 2019
Written by Brent Carnduff | May 24, 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.
Food Delivery Boom Means Your Delivery Order May Not Come From a Restaurant - by Leslie Patton on Bloomberg
One benefit of ghost kitchens is the ability to sell multiple brands—maybe one with a name that appeals to Gen X shoppers, one with more of a millennial vibe—with little added cost. That's what the Family Style Inc. restaurant group is doing at its location in Chicago.
4 Reasons to Invest in the Colorado Real Estate Market in 2019 by Hamza Abdul-Samad on Mashvisor
One of the brightest up-and-coming state markets in 2019 is the Colorado real estate market. The recent and consistent success of The Centennial State is helping to build Colorado’s reputation as the best state to invest in real estate. Why should you invest in the Colorado housing market? Here are four great reasons!
Co-Working Spaces: Not Just for Start-ups Anymore by Roger Vincent in the Los Angeles Times
Co-working is often more pleasant these days than putting in eight hours at a traditional office. If you'd prefer a workspace that looks like a chic hotel lobby with waiters at your service, that can be arranged.
Want to be around other women in a cabana on an outdoor terrace? There's a place in West Hollywood for you. Is your goal to hang with other creative types? There are co-working clubs that want you as a member.
But while the offices strive to be oases of fellowship, the co-working business is more like a free-for-all.
The Shopping Center is Not Doomed - If Owners can Adapt by Michael Koss on CCIM Institute
For the brick-and-mortar retail industry, success begins and ends with the ability to adapt to market changes. In recent years, retailers such as Amazon have completely disrupted how consumers make purchases by creating a one-stop shop, e-commerce channel. With consumers enjoying a convenient way to browse and buy from the comfort of their homes, brick-and-mortar retailers are at a crossroads, having to find new and unique ways of attracting consumers into their stores. To survive, shopping centers must reinvent how they appeal to consumers by creating a distinctive experience that also caters to a demographic specific to the retailer's location.
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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