In our newest roundup, industrial actual property’s relationship with know-how, cities and cities throughout the nation forestall greenback shops from opening, empty workplaces and different industrial buildings are reused for housing, and extra!
- Between 1988 and September 2023, the lodge room provide within the choose service and prolonged keep lodge sector has elevated by 60% better than full-service lodge room provide progress. (Michele Laufik, Lodge Dive)
- With excessive mortgage charges and residential costs, would-be consumers are understandably on the lookout for offers — even when they should transfer to a unique metropolis, state or area to seek out them. (Ana Teresa Solá, CNBC)
- Roughly 60 cities and cities have made adjustments to their zoning legal guidelines since 2018 to forestall greenback shops from opening inside their limits. (Alex Bitter, Enterprise Insider)
- Officers say probably the most pressing unmet want after the Lahaina wildfire in Hawaii is now secure long-term housing for some 5,000 residents. (Audrey McAvoy, AP through ABC)
- Empty workplaces and different industrial buildings throughout the U.S. are more and more being transformed into much-needed housing with such adaptive reuse tasks anticipated to create round 122,000 residences within the coming years. (Amanda Loudin, Services Dive)
- Based on analysis from Ariel Property Advisors, distant work results in vital drops in lease revenues and renewal charges, occupancy and market rents within the industrial workplace sector. (Ryan Masiello, Forbes)
- Actual property shares have underperformed the broader inventory market to this point this yr as traders fear the federal reserve gained’t carry down the price of borrowing as rapidly as markets hope. (Dani Romero, Yahoo)
