Unprecedented circumstances present challenges in understanding our place within national and local commercial real estate market trends. Interest rates, inflation and a potential recession lurking around the next corner are just a few of the factors leading to uncertainty. Still, developers, economists and investors turn to market reports to monitor activity and determine the stage […]
National Public Radio recently broadcast a story about the demand for warehouse space in the United States. JLL, a prominent commercial real estate services firm, estimated 1 billion square feet of industrial warehouse space will be built by 2025. The source for that kind of demand isn’t surprising. Consider that nearly everything we use passes […]
Most financial advisors recommend their clients diversify their investments. While many people hold stocks and bonds, real estate offers not only diversification, but also a potentially lucrative venture. One of the most common term that comes up in discussing an investment property is its capitalization rate, which estimates the annual return on an investment. To […]
Many cities and towns face declining demand for retail space and the so-called “dying mall” dilemma. The closure of major retail stores has created ghost malls and empty shopping centers in areas that once thrived with activity. Fortunately, new mixed-use designs have repurposed and resurrected many of these centers. Malls and other large box centers […]
Several interesting articles addressing shifts in commercial real estate recently have come through my e-mail feed. One article titled “The retail apocalypse has officially descended on America” by Hayley Peterson from Business Insider, speaks the sad truth of what we could witness here in the Grand Valley, including the closing of major retail outlets that […]