-
Will the “Envy Office” Help Revive the Office Building Market?
Since the COVID-19 pandemic ushered in the era of remote work, companies and businesses have been looking for unique ways to draw workers back to the office. The “envy office” – or office buildings with aesthetically pleasing and Instagrammable lobbies, conference rooms, or shared spaces – are the latest attempt to get remote workers returning…
-
How A Real Estate Asset Valuation Reset Will Impact CRE Developers
A wide bid-ask spread has characterized the commercial real estate investment market this year. Due to the rampant rise in interest rates over the last 18 months, buyers and sellers cannot seem to get on the same page about asset values. Buyers expect—as is standard during an elevated interest rate environment—lower asset prices to offset…
-
Top 10 Predictions for Commercial Real Estate in 2024
The past couple of years have brought about unprecedented conditions in commercial real estate, and it may feel difficult to predict what’s coming next in the market. Economic conditions may be less certain than ever before, but tracking trends and opportunities is still a valuable practice for your firm moving into 2024 and beyond. As…
-
Shifts in U.S. Industrial Hotspots Forge New Development Opportunities
The pandemic was an epic disruptor. In a matter of weeks, it grounded international travel, sent millions of workers home from the office, froze commerce and upended global supply chains. The long-term effects of these changes are still manifesting, but they are proving to be significant. While the commercial real estate industry has focused on…
-
5 Ways Sustainable Building Materials Are Replacing Old Standards
In the last few years, the commercial real estate industry has made an ardent effort to confront climate change. Commercial buildings are responsible for 39% of global energy-related carbon emissions, according to the World Green Building Council. Building operations, like heating, cooling and power, are responsible for the majority—about 75%—of a building’s carbon footprint; so,…
-
Why You Should Pay Attention to the Accessory Dwelling Unit (ADU) Debate
Housing shortages in the United States are driving an increased interest in accessory dwelling units (ADUs) among cities, counties, and homeowners. ADUs, which have strong appeal as a housing option for young people, couples, small families, or seniors, are self-contained apartments, cottages, or other small residential units located on the same property as a separate…
-
Green Initiatives Shaping the Future of Mixed-Use Construction
Mixed-use development projects are a cornerstone of sustainable urban planning, providing high-density housing near transportation and promoting walkable communities. Green initiatives are continuing to shape the future of mixed-use construction, and your development team will want to stay out front of these trends. From Leadership in Energy and Environmental Design (LEED) certification to adaptive…
-
4 Alternative Capital Sources for Multifamily Development
Capital drives commercial real estate development. It fuels the years-long endeavor—taken without cash flow or revenue—until the project is complete. For the last decade, capital has been readily available at a historically low cost, but now, the tide has turned. With widespread economic uncertainty, rising interest rates and a banking crisis earlier this year, banks…
-
Key Migration Trends Every Commercial Real Estate Developer Should Know
In March 2020, The New York Times published “The Great Empty,” a photo series of desolate plazas, subway stations, city streets and concert halls. Las Ramblas in Barcelona, Santa Monica Beach in Los Angeles, The Spanish Steps in Rome, Times Square in New York, Place de la Concorde in Paris and the Red Fort Fair…