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Commercial Real Estate & Business News May 10, 2018

DOWNERS GROVE, IL-Brick-and-mortar retail is facing a fight for survival. There’s no news there. And their fortunes are tied in large part to the ability of their landlords to see over the next curling wave of technological change. That, at any rate, is how InvenTrust Properties SVP of leasing Lance W. Billingsley sees it, and he notes that, headlines proclaiming the death knell for traditional retail aside, there are real and present challenges that face stores and their landlords at this phase in retail’s evolution…»
A new look at what will happen to the rental market in the city selected for Amazon’s second U.S. headquarters finds that impact on rents may not be as large as originally thought. Commercial real estate data analytics firm CoStar Group estimates that Amazon’s arrival could lead to an additional 1% of rent growth per year in the best case-and would have limited effect in large markets like New York or Los Angeles…»
Technology is rapidly transforming companies, but they will need more people in the near term to meet the demand stimulated by automation, not less, according to ManpowerGroup in a report released this week, Robots Need Not Apply: Human Solutions in the Skills Revolution. The report surveyed 2,000 U.S. employers and found that 91 percent will maintain or increase headcount in the next two to three years as industries shift to more advanced, automated processes…»
“The ride may not be over yet,” says the NAA’s Les Shaver in describing the outlook for apartment sales this year. This after a strong first quarter’s worth of transactions, with deal volume growing more than 50% year over year, according to Real Capital Analytics. Of the sectors tracked by RCA, the apartment sector, which saw 27 percent more activity than office, was the “largest, most liquid” commercial group in Q1, RCA reports…»
The nation has a staggering shortage of 7.2 million affordable and available rental homes for extremely low-income (ELI) renter households, reports MFE sister brand Affordable Housing Finance. Deputy editor Donna Kimura examines a new study from the National Low Income Housing Coalition (NLIHC), The Gap: A Shortage of Affordable Homes, which finds that for every 100 of the lowest-income renters, or those earning 30% of their area median income…»