CBRE Reports 8 New Trends That Will Shape Retail Sector By 2030, By Michael Gerrity, World Property Journal
“According to new insights from CBRE’s newly released The Future Of Retail 2030 report, shopping centers of the future will become just ‘centers’ by reinventing themselves as mixed-use destinations and adding healthcare, educational and leisure uses. ‘Retail will evolve at a quickening pace, reshaping the roles of the shopping center, the gas station, and the store,’ said Natasha Patel, CBRE Director, Global Retail Research. ‘The speed of change may catch some people by surprise, as the mindset and requirements of the consumer will evolve more quickly than the industry can adapt. This means that investors and occupiers need to get ahead of the changing trends rather than catching up.’”
Related To Offer On-Demand Butler Services To Luxury Residents, Lara O’Keefe, Bisnow
“Office and multifamily developers are moving beyond traditional amenities to attract tenants. Much like retailers, office and multifamily developers are offering tenants experiences and services to boost demand, with some operators implementing concierge and butler services in their properties.
Amazon HQ2 Could Crowd Office Markets, Force Rents To Skyrocket In The Winning City, By Lara O’Keefe, Bisnow
“While North America anxiously waits to learn who will win the bid for Amazon’s HQ2, cities are looking to Amazon’s current home in Seattle for an indicator of future impact. Though the benefits are seemingly endless — Amazon plans to invest $5B in HQ2 and boasts the new headquarters will bring 50,000 jobs to the winning market…”
Office towers beef up amenities to lure picky tenants, By Lois Weiss, New York Post
“Office leasing in the city remains balanced with healthy concessions but good rents. Large tenants continue to firm up new locations, while smaller ones are actively making deals for a plethora of sizes, shapes and terms. Geography is less focused as tenants seriously consider space in all neighborhoods.”
Office Tenants Today Value and Expect Quality Connectivity, By Patricia Kirk, National Real Estate Investor
“Internet connectivity is second only to location in importance to tenants when seeking office space. A survey of 150 U.S. office leasing decision makers conducted by Radius Global Market Research for WiredScore found that a building’s Internet connectivity is second only to location in importance to tenants when seeking office space. Additionally, 77 percent of tenants say they would sign a longer lease if a building has superior technology or sign a lease more quickly if assured the building’s connectivity meets their business requirements.”
Warehouses Get Bigger, Taller and Faster as E-Commerce Takes Off, By Patrick Clark and Kim Bhasin, National Real Estate Investor
“As Americans spend more money shopping online, real estate developers are sinking record amounts of money into new warehouse space, building bigger, taller structures to meet the needs of e-commerce.”