With the announcement of more than 8,600 retail closures in 2019 alone, the fate of brick-and-mortar retailers has been extremely uncertain. These store closures and unpredictability can be largely attributed to the growth of e-commerce, as well as to the consistently evolving needs, expectations, and desires of shoppers. As the 2019 holiday season vastly approaches, […]
According to the National Association of Realtors, in the second quarter of 2016, the average commercial real estate transaction was valued at $1.4 million. With such a major investment at hand, investors expect to consistently have open, transparent communications with sponsors, as well as access to data and other important information regarding their transactions. The […]
The industrial real estate sector has experienced a significant amount of growth within the past 5 years, with no signs of slowing down. In fact, to accommodate this growth, an additional 510 million square feet of new industrial real estate space is expected to be developed between 2019-2020 alone. Fulfillment centers are one specific type […]
In the United States, the parking industry alone generates more than $20 billion per year in revenue, with more than 105 million parking spaces located throughout the country. With such a large number of spaces available, it should come as no surprise that parking has become such an important aspect of urban development and land […]
Today, commercial real estate properties account for nearly 1/5 of the total energy consumption in the United States. Consequently, as much as 30% of that energy is being used either inefficiently or unnecessarily, indicating that there is indeed room for the industry to reduce its carbon footprint. But why is reducing the carbon footprint so […]
Retail closures and bankruptcies continue to make the news, ever since the retail apocalypse first started taking victims in 2010. By 2026, it’s estimated another 75,000 stores will close. Retailers are struggling to stay afloat due to mounting debt, lack of adaptability, and rising pressure from e-commerce retailers. Retailers that have announced store closings by […]
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Today, there are more than 50,000 self-storage facilities in the United States, driving $38 billion in industry revenue annually. With 1 in 11 Americans already utilizing a storage unit for excess belongings, this industry is expected to continue its rapid expansion. According to the Marcus and Millichap’s Second Half 2018 Self-Storage Report, the average price […]
In 2018 alone, medical office buildings in the United States were predicted to grow by about 22 million more square feet, but still only accounting for only 1.5% of square footage of existing buildings. Despite this rapid development, the supply is not outgrowing the demand of the medical office building (MOB) sector. This balanced ratio […]
The fitness and health club industry has become a $30 billion market with more than 36,000 facilities across the United States. Fitness centers are experiencing a more rapid, steady growth than in the past largely because of the expansion of the wellness trend, which has gained much of its momentum from the social media craze. […]