Commercial Real Estate & Business News – October 13, 2020
E-Commerce Tenants Continue to Lease Industrial Space as the Holiday Season ApproachesAnticipating a surge in online shopping during the holidays, e-commerce tenants are already prepared to handle the swell in orders, having locked in additional industrial space during the second and third quarters, according to Steve Schnur, executive vice president/COO at Indiana-based industrial REIT Duke […]
Commercial Real Estate & Business News – October 12, 2020
The Urban Exodus Could Be TemporaryThere has been a lot written and said about COVID-19 and teleworking friendly work policies sending urbanites permanently into the suburbs and even rural areas. But migration from cities is nothing new, according to urban planner Christopher Rhie, an associate principal with the Los Angeles…» $250M Legacy Sports Park Breaks […]
Commercial Real Estate & Business News – October 7, 2020
Apartment Demand Surges to Strongest Third Quarter on RecordTenants are moving to the suburbs in droves, according to CoStar’s latest apartment report, and downtown landlords are cutting rents. CoStar tracked several novel trends in the multifamily sector during the past quarter, including an extended leasing season and a lot…» How the Pandemic Complicates Valuing Distressed […]
Commercial Real Estate & Business News – October 6, 2020
8 Arizona Cities Among Top 20 for Bouncing Back MostThe employment market continued to recover in August, as the latest jobs report shows that the national unemployment rate has fallen to 8.4%, which is 43% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the…» Metro Phoenix […]
Commercial Real Estate & Business News – October 5, 2020
Apartment Rents Are on the Rise in Sun Belt MarketsDespite an improving economy and stronger than normal demand during an unusually long leasing season, the coronavirus pandemic weighed further on apartment rents in the third quarter. At the national level, quarter-over-quarter rent growth was essentially flat, with rents falling only 0.1%…» Traffic Is Returning Faster […]
Commercial Real Estate & Business News – October 2, 2020
Apartment Rents Are on the Rise in Sun Belt MarketsDespite an improving economy and stronger than normal demand during an unusually long leasing season, the coronavirus pandemic weighed further on apartment rents in the third quarter. At the national level, quarter-over-quarter rent growth was essentially flat, with rents falling only 0.1%…» Traffic Is Returning Faster […]