Commercial Real Estate National News Roundup For June 29, 2015
Driverless cars, beer at your desk, industrial vacancy falling, retail rents rising. It’s all here at the Commercial Real Estate national news roundup for June 29, 2015.
- How Driverless Cars Could Impact Real Estate, GlobeSt.com, June 26, 2015 – Enjoy your gas station snacks while you can, because driverless cars could mean fewer roadside convenience stores.
- High Net Worth Investors Hungry for Real Estate, Survey Finds, National Real Estate Investor, June 25, 2015 – Good news: 53% of wealth managers and private bankers expect clients to increase their investments in real estate in the next five years.
- Atlanta Near Top of Green Building List, GlobeSt.com, June 26, 2015 – 57.9% of office buildings in Atlanta are green certified – that’s 19.2% higher than national average.
- WeWork to Double Valuation to $10 Billion in New Round, Crain’s New York, June 25, 2015 – This fast-growing shared office space brand has $45 a month starter memberships, beer and neon signs and has become very popular in 32 locations from Seattle to Tel Aviv.
- Strongest Landlord Market for Ind. in 30 Yrs., GlobeSt.com, June 25, 2015 – National industrial vacancy rate falls for 21st straight quarter while developers add over 49 million square feet to their base.
- O’Hare Industrial Specs Filling Up, GlobeSt.com, June 24, 2015 – An across-the-board push on rental rates in Chicago’s main airport as the industrial market tightens up in Chicago.
- Retail Assets Appeal to Foreign Investors, National Real Estate Investor, June 25, 2015 – Even with retail cap rates at a new low, record foreign investors interest remains very strong.
- Perception Drives Anchor Rents Up, GlobeSt.com, June 23, 2015 – Good economic news boosts retail rent 20%, but perception of good market may not be sustainable.
- Fannie and Freddie Reward Affordable Housing Properties, National Real Estate Investor, June 23, 2015 – Growth in affordable housing will continue as those loans are not considered part of strict federal loan limits.
- What a ‘Culture of Care’ Can Create, GlobeSt.com, June 23, 2015 – Concept communities that focus on how the residents want to live, not what a developer wants to create.