The past few years have been unprecedented times of uncertainty, navigating unfamiliar territory and change. All of the contributing factors affect the state of commercial real estate. There have been several opportunities to create new asset classes, from the demand for last-mile logistic centers to mini data centers to developing sites for dark kitchens. The […]
Technology is an undeniable factor driving transformation within every industry, including commercial real estate. Change is inevitable and sometimes difficult to accept; however, the latest industrial boom due to the expansion of e-commerce sales and faster delivery times has accelerated the need for automation in warehouse facilities. According to the NAIOP article, Technology is Changing […]
After attending NAIOP’s webinar, The Transformation of Retail and its Direct Influence on Industrial’s Boom, featuring Andrea Himmel with Himmel + Meringoff Properties and Jeffrey Rinkov, SIOR, with Lee & Associates, it is clear the commercial real estate landscape is evolving and changing to adhere to the current state of demands in the industry. More […]
One of the most resilient sectors during the COVID-19 crisis has been industrial, as more people turned to online shopping. According to CBRE, demand for industrial space has exceeded supply for 42 consecutive months, with net positive absorption of nearly 57 million sq. ft. in the third quarter, bringing total space absorbed year-to-date to about […]
The COVID-19 pandemic is having a major impact on commercial real estate and, some say more so than the global financial crisis earlier this century. According to real estate economic and research experts, “the pandemic directly impacts the demand for space through quarantines, social distancing, shutdowns, supply chain disruptions, employment loss and a shattering of […]
It is safe to say the entire commercial real estate industry decelerated as the COVID-19 pandemic set in. However, it was brief for industrial real estate. According to several panelists from premier real estate companies at the NAIOP 2020 I.CON Virtual Conference, industrial real estate is expected to accelerate Q-3/4 and on through 2021. COVID-19’s […]