The ongoing pandemic has turned many industries upside down. But in an interesting twist, experts say the multifamily space has navigated the crisis surprisingly well when you consider how things started.
For the first time an end to the COVID-19 pandemic is in sight. The daily case count has fallen substantially as more and more people have gotten the vaccine and there’s much talk about returning to “normal.” For millions of workers that means going back to downtown business centers and suburban office parks but make no mistake: the pandemic has left its mark, the new “normal” will be very different from the old one.
For the first time it appears that the grip of the COVID-19 pandemic has begun to loosen. Hospitalizations and fatalities are down substantially from the highs seen in late 2020 and early 2021, and as a result it’s become possible to think in terms of a post-pandemic world.
The COVID-19 impact on real estate and the greater economy was severe in the past year, but its effect on consumer behavior and the resulting implications on tenant businesses are still playing out. Companies know they must respond to both evolving trends and sudden economic swings, but adapting to a once-in-a-century pandemic is another matter altogether. Smart corporations are rethinking their organizational and operational models to effectively navigate the demands and opportunities of an ever-changing market.
It may seem like the pandemic has left a lasting impression on the U.S. office market with low absorption rates and many employees working from home, but everything isn’t quite as it seems. John Adams once said: every problem is an opportunity in disguise. In this case, we are talking about the opportunity in subleasing.
Before supply-chain issues surfaced due to the pandemic — we heard many premature economic doom predictions for retail. A retail industry recession, in particular, had been feared, but so far has not come to pass.
With massive investments, widespread adoption, and a growing list of technological feats, Artificial Intelligence (AI) demonstrates every appearance of a sure winner, perhaps the next big thing that will radically change society, much of the economy, and with them, commercial real estate (CRE).
Artificial Intelligence (AI) is both the future of commercial real estate (CRE) and a technology that’s already starting to gain users, impact, and money — lots of money. It’s all part of a vast technological transition, one where CRE artificial intelligence will impact markets of every size.
MINNEAPOLIS — Midwest law firm Fredrikson & Byron has moved into a 158,000-square-foot office space at 60 South Sixth, a 40-story tower in downtown Minneapolis. KBS Real Estate Investment Trust III owns the 710,332-square-foot property.
Being in nature is the ultimate life hack. Although we may not be conscious of it, humans are programmed to respond to nature and to function best when immersed in it. Our innate instinct to connect with nature and other living beings is known as biophilia.
Converging factors have aligned in the commercial real estate (CRE) industry, initiating a forward shift toward environmental sustainability. The coronavirus pandemic, climate change, the push for social justice and a new influential generation of workers have all played a hand in necessitating sustainable CRE development.
Park Central Apartments in Raleigh, North Carolina
Last year, Disney released a live-action version of “Pinocchio.” As with the 1940 animated classic, audiences were drawn into the story through the Academy Award-winning song that tells us that when we wish upon a star, “anything your heart desires will come to you.”