With an abundance of empty office space and a shortage of affordable housing, people ask, “Why don’t we just convert the space to housing?” More than 10,000 residential units were created nationwide through conversions last year, and tens of thousands more are expected to come online in the coming years, according to Yardi Matrix. Los Angeles accounted […]
As highlighted by recent CBC blogs, the retail sector is thriving. It continues to defy historic lows in available space with plans for another 1,000 new stores to be launched this year, which only underscores its resilience amid challenges in commercial real estate. Deloitte has recently released holiday sales projections for the retail sector, and the 2023 […]
The retail industry has experienced intense highs and lows in recent years. In-person store visits experienced a substantial increase in the latter half of 2023, largely attributed to the phenomenon known as “revenge shopping.” This concept captures the enthusiasm people have for spending money on shopping, driven by the sense of deprivation they experienced during […]
Given the rapid increase in office vacancies and the continued popularity of remote or hybrid work models, post-pandemic, commercial real estate investors are now turning their attention to coworking spaces as the demand for them rises. Coworking and shared spaces have become crucial for various professional groups, including early-stage small businesses, freelancers, and college students. The appeal […]
Many recall convenience stores as small retail establishments attached to a gas station, where one might grab a drink or a pack of gum. However, as indicated in Placer.ai’s white paper titled “C-Store Trends & the Brands Leading the Way,” contemporary convenience stores, or “C-stores,” have undergone a substantial transformation. While some convenience stores still derive their […]
In an era dominated by sustainability concerns and technological advancements, the landscape of both real estate and transportation is rapidly evolving. One prominent trend that encapsulates this transformation is the integration of Electric Vehicle (EV) charging infrastructure into new constructions. While the incorporation of EV charging stations into real estate projects is undoubtedly a positive […]
Retailers in the United States are defying historic lows in retail space availability by planning to launch 1,000 new stores this year, underscoring the sector’s resilience amid commercial real estate challenges. Despite factors like inflation, elevated interest rates, and the closure of businesses such as Bed Bath & Beyond and Christmas Tree Shops, landlords are […]
The U.S. is facing a potential loss of nearly 200,000 affordable housing units in the next five years as government protections expire for hundreds of rental properties, allowing landlords to set their own rents, highlighted by The Wall Street Journal. The main program used by the federal government to encourage developers to build affordable housing […]
Numerous office buildings remain largely vacant. The once rapid growth of apartment rent has decelerated and is even declining in certain areas. However, within the struggling commercial real estate industry, there is a rare positive aspect seen in housing aimed at college students attending popular universities. The rental rates for student housing are anticipated to increase due […]
