REBusinessOnline

Soaring Demand for Inland Empire Warehouse Space Brings Opportunities for Developers

By Richard Lee and J.C. Casillas, NAI Capital CommercialIn the fourth quarter of 2020, the Inland Empire industrial market continued to battle the effects of an economy that has so far spent three-fourths of the year under a COVID-19 shutdown. After dipping for several quarters, the average asking rent held steady at $0.72 triple net, down 6.5 percent from the fourth quarter of 2019. The vacancy rate nudged up 10 basis points from the previous quarter’s record low, down 90 basis points …

NYC Retail Market Embraces Hard Change on the Fly

By Kristin Hiller and Taylor Williams Retail and restaurant reopenings this fall gave a modest boost to the New York City retail market in the third quarter. But even with the easing of some operational restrictions, business activity remains diminished in a city known for its hustle and bustle. Both retail tenants and landlords have had to regroup and quickly adapt to the curveballs thrown at them by COVID-19 over the past nine months. While retail and restaurant users in some areas are …

NAI: Atlanta’s Office Market is Going to be ‘Just Fine’ as New Developments Come on Line

By Claire Blevins and Collin Devaney, NAI Brannen Goddard We’ve all seen the depressing commercial real estate news stories about the state of the office market, with words like “bleak,” “hazy” or “obsolete” in the headlines. Questions surround every major market, including Atlanta — a metro market known for its dependable economy and robust demand. Admittedly, Atlanta has had its struggles during the pandemic, like slow leasing activity and rising rental rates, but not …

Pent-Up Demand Grows for Experiential Retail in Texas

By Taylor Williams With widespread vaccination several months away and the federal government having passed additional relief legislation, the end of the COVID-19 pandemic appears to be in sight. To that end, retailers and restaurants that have survived the public health crisis can, with some reservations, start to look toward the rebound phase. Because there’s no question that American consumers are itching to make up for lost eating, drinking and socializing time, provided they can do so …

Will 2020 Be A Year to Remember or Forget for the New Jersey Office Market?

By Jonathan Glick, executive vice president, Sheldon Gross RealtyProjecting future trends is always challenging, particularly when you’re attempting to do it during a global pandemic.But to date, several promising signs suggest that New Jersey’s office market is moving in a positive direction —sluggishly and bumpily, perhaps — but in an encouraging direction nonetheless. Newly delivered projects can provide insight on where the Garden State’s office market is headed in terms …

Pandemic, Shifts in Consumer Behavior Trigger Fundamental Changes in Design of Public Spaces

By Bob Kraemer, Kraemer Design Group The way that we work, eat, shop, gather and interact in community spaces will never look the same. While we may someday return to dine-in experiences and large-scale events, it’s clear the novel coronavirus has prompted profound and pervasive societal changes that are here to stay. It should come as no surprise to anyone who understands the deep connection between designed spaces and the people who occupy them that public spaces will need to evolve. We …

Commercial Real Estate Trends for 2021: Building Documentation Enters the 21st Century

By Kurt Yeghian, CEO, and Jared Curtis, president, Existing Conditions SurveysCommercial and institutional real estate developers in the Northeast have one priority mantra for 2021: no more costly surprises.[caption id="attachment_281095" align="alignright" width="100"] Kurt Yeghian, Existing Conditions Surveys[/caption]With property deals and development projects resuming in an industry badly scarred by the coronavirus pandemic, the CRE community wants certainty above all — …

Pandemic Hits Retail Investment Sales in D.C., But Signs of Revival Start to Show

The retail investment sales market in the Washington, D.C.-Baltimore metro area, just like the rest of the United States, has been detrimentally impacted by COVID-19. Multi-tenant retail investment markets have essentially shut down, sellers and buyers are unable to come to pricing conclusions and most investment opportunities have shifted into urban areas that are experiencing more immediate distress.As COVID-19 cases continue to spike, and with further tightening of lockdown policy …

Austin Poised to Emerge From Pandemic as a Premier Multifamily Market

By Sean Sorrell, senior managing director, JLL As we enter 2021, there’s no doubt that we are emerging from one of the most unique and trying years that our modern civilization has ever confronted, and we all likely agree that we will never again endure a pandemic of this scale. As of the writing of this article, the first vaccines have arrived in Austin; our first responders have begun administering it to the public and we can finally see the light at the end of the tunnel.In the …

COVID-19 Catalyzes Innovation in Marketing, Delivery of Real Estate Services

By Natalie Hwang, founding managing partner of Apeira Capital Advisors In the 1920s, President Calvin Coolidge made the saying famous that the business of America is business.  Now, for the real estate sector in the age of COVID-19, the business of real estate is innovation.  To build value in the pandemic economy, real estate companies need to find new modes of distribution, facilitated by technology, to connect with consumers, partners, tenants, investors and other key stakeholders. Once …

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