The number of co-working spaces in the United States has grown at an average annual rate of 23% since 2010. In 2018 alone, an estimated 2,188 new co-working spaces opened worldwide and it is predicted that by the end of 2019 another 1,688 co-working spaces will open up. Driving this trend is the increasing number […]
Since the first quarter of 2018, the national vacancy rate for the multifamily asset class has remained at or near 4.7%. Despite a 0% net change in vacancy rate from Q2 2018 until now, rent growth is consistently trending upwards. Apartment demand in Q2 2019 spiked 11% from a year ago, resulting in an average […]
It’s an exciting time to be in the world of commercial real estate. Trends such as the ongoing tech boom, a strong economy, and rising investor expectations are driving significant changes in the industry and will continue to evolve, mature, and snowball as the market develops. With regards to the market size, the United States’ […]
When you hear the word “infrastructure”, does commercial real estate come to mind? According to the Cranes and Lanes report by Transwestern, it should. Transwestern’s research presents a correlation between infrastructure investment and commercial real estate, suggesting “cities have recognized that in order to stay competitive and generate economic development, the city’s infrastructure must keep […]
Generation Z (Gen Z), defined by the Pew Research Center as anyone born 1997 or later, is often regarded as an extension of the Millennial cohort. However, the two generations exhibit distinct values, challenges, and behaviors and as such have unique influences on the commercial real estate industry. According to AdWeek, Gen Z is expected […]