In recent years, the landscape of food halls has undergone a remarkable transformation, extending far beyond the bustling city centers where they once thrived. Developers, keen on capitalizing on the surge of hybrid work arrangements and the flourishing foodie culture, are now strategically placing these culinary hubs in suburban areas. Characterized by shared seating and a diverse […]
The Urban Land Institute and PwC recently published their “2023 Emerging Trends in Real Estate” report, highlighting real estate trends and providing an overview of the market overall. The report identifies top investment markets and industry trends to watch in the coming year across the U.S. and Canada. One intriguing takeaway is that medical office buildings have a bright […]
Estimates of domestic migration patterns over the past year underscore the enduring impact of pandemic-driven relocations. In fact, Bank of America data suggests that cities that saw a large influx of people during the pandemic have still been growing faster than other cities in recent quarters. The ongoing trend reveals a notable surge in population […]
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 […]
