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Pundits parse tea leaves, Baltimore Class A industrial properties draw a crowd, AirBnB keeps up the disruption, and farmland tops the list of good investments. All this and more in this week’s commercial real estate news roundup.
General
- 7 bold commercial real estate predictions, CNBC, March 24, 2014 – NAR favorite Peter Linneman and a host of big names in CRE practice and research look ahead at 2039 and see a radically altered commercial property landscape. This one’s a must-read.
- Canadian real estate’s next worry: commercial property, Globe&Mail, March 24, 2014 – North of the border, the industry worries about peaking.
- Ten hidden costs of commercial real estate – part 1, NapaValley Register, March 17, 2014 – Buried in any commercial property purchase can be nasty costs. Sometimes, literally buried.
Office
- The Optimal Office, The Atlantic, March 19, 2014 – Another look at the noise, privacy and architectural issues of the popular “open office” design.
- Commercial real estate making strides despite office vacancies, Sun Sentinal, March 19, 2014 – South Florida’s vacancy rates remain stiff, even as rents rise. Did somebody call off the law of supply and demand?
- 7-Eleven looking at moving offices out of downtown Dallas, Dallas Morning News, March 20, 2014 – Convenience store HQ not finding downtown Dallas very convenient, eyes suburbs.
- Empty space, full wallet for Loop office owners? Crains Chicago Business, March 24, 2014 – Is the difference in sale value between a 90% leased and a 65% leased office building not as stark as it once was?
Industrial
- Houston’s industrial real estate market diversifies to serve more consumers, Houston Business Journal, March 19, 2014 – Houston’s love affair with the energy industry means it’s news when commercial real estate reaches out for other users.
- USAA buys 916k SF industrial portfolio in California’s Central Valley, Commercial Property Executive, March 24, 2014 – A central CA spec logistics project has a happy ending.
- Large Class A industrial vacancies have become nearly nonexistent in Greater Baltimore, Baltimore Business Journal, March 24, 2014 – If your Baltimore industrial needs exceed 100K sq. ft, you may have to head back to the drawing board.
- Cushman & Wakefield flies drones to capture real estate video, South Florida Business Journal, March 19, 2014 – Unmanned aerial vehicles are cheap, take plenty of video, and are ideal for showing many warehouses.
Retail
- Staples closures will leave a dent, NREI, March 18, 2014 – When you close 225 large stores across the country, you make a hole. How deep and for how long?
- Retail-residential development planned on Market St., Philadelphia Inquirer, March 20, 2014 – Philly’s central district eyes a spiffing up.
- 3 retail trends Orlando Fashion Square should cash in on, Orlando Business Journal, March 24, 2014 – What makes a hotel anchor success? Developers say wi-fi and entertainment restaurants.
Multifamily
- Sonoma County is tops in multifamily property, North Bay Business Journal, March 24, 2014 – Flat prices and few construction starts in wine country multifamily.
- Airbnb sublets in SF land some renters in the doghouse, San Francisco Chronicle, March 18, 2014 – Subletting is a violation of many apartment leases. Does AirBnB’s model acknowledge this? Landlords certainly do.
- Will Boston property market absorb new luxury rental apartments? Boston Globe, March 21, 2014 – Meanwhile in Boston, luxury rentals come online to high demand.
Land
- The best long-term real estate investment: farmland, CNBC, March 24, 2014 – CNBC is bullish on a lot of things, and now CNBC is bullish on dirt.
- Chicago company purchases Colony Cove land for $35.8 million, Bradenton Herald, March 22, 2014 – Mobile home operator has visions of new lots around Bradenton.
- Agland values up 5 percent statewide in last year, Sioux City Journal, March 23, 2014 – Iowa farmland in 2013 rose 5%
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