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Developers Build New Office Space While Demand Falls

At the end of the 3rd quarter of 2019, Office space development projects hit their highest point in this economic cycle. Meanwhile demand for space has been negatively impacted by gig-workers, freelance workers, tele-workers and a drive by businesses to maximize their...

What Does The Coming Year Hold For Industrial CRE?

A tight labor market, uncertainty about the China trade situation, Cannabis legalization, the Presidential election and the intermixing of industrial and retail real estate development are some of the elements that will influence the industrial commercial real estate...

Financing Is Getting Tighter For New Hotel Projects

It is getting tougher to obtain bank financing for new hotel projects. Banks are looking not only at the financial metrics of new projects, but the ability of developers to deliver the project on time and on budget; they are also considering the ability of the...

Retailers Seek Off-Main Street Spaces To Cut Costs

There is a growing trend for retailers to locate their businesses in Industrial spaces. For retailers that do a significant percentage of their business on-line, as well as retailers that are destination locations (not relying on foot traffic), being on Main Street is...

Multi-Family Property Sales Highest In A Decade

Multi-Family property sales in the first 9 months of 2019 have been the highest since the current business cycle commenced around 10 years ago. This year could finish as a record year. Strong demand, growing rents and high occupancy rates are fueling the sales...

Last Mile Distribution Facilities Are In Hot Demand

As the speed of delivery increases, and the forecast need for speed increases, on-line retailers and real estate developers face a new set of challenges. The best locations for last mile product movements are in or very close to urban centers. While current warehouses...