Green and sustainable retail has been a talking point for at least two decades, but it has previously been characterized as “unachievable” and even “unaffordable” with some of the big brand retailers detailing how they experienced push back from consumers as greener principles led to increased prices, especially in the early 2000s. This is, however, a very different conversation today in 2021, with Gen Z and younger millennials sustainability-minded. There is a long-overdue green movement in retail, and adoption is often rewarded with customer loyalty. So how can you make…

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In 2019, there was so much discussion surrounding the topic of automated vehicles. Electric trucks, self-driving cars, and autonomous delivery trucks were all the rage within CRE conversations… So what’s happened since? Let’s take a look at how things have changed over the last year regarding self-driving cars, paying special focus to how these developments are set to impact commercial real estate. Where 2019 Left Off In 2019, the self-driving car topic was blazing across the industry. However, without a tangible product or service model to look at, many of…

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As the old saying goes, hard times foster growth. With this in mind, it’s no surprise that the hospitality sector is changing so rapidly. Hotels have had a tough year. 2020 introduced challenges for every facet of commercial real estate – but travel-based industries saw unparalleled disruption. For the first time, travel bans and market closures put all tourism on hold. Whether for work or play, there were no guests to be found in vacant hotels for months. Reopening markets brought reprieve for many CRE sectors, but hotels still had…

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Over the past few months, office owners and team leaders have been doing everything they can to make their workspaces safe and healthy. Office buildings have undergone massive alterations to prepare for the full-scale return to the workspace… but when will that happen? Changes to the Office Space Today’s offices are contactless, tech-powered, and socially distant. Commercial property owners and residing tenants have teamed up to build an office space that does not put occupants at risk. This required immense investment on the part of CRE and individual companies, but…

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Since the pandemic, planning for the future has become incredibly difficult. Whether it’s the one-month outlook or one-year forecast, uncertainty looms over every prediction. 2020’s widespread barriers to foresight have been causing troubles across the board. However, the impacts have been particularly intense for commercial real estate leasing. As a result, today’s leases are more creative than ever: new clauses have been added, lease timelines have adjusted case-by-case, and a general atmosphere of openness is reshaping CRE.   This flexibility has given rise to new leasing trends that vary sector-by-sector. Unique…

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Everyone loves their pets – especially your tenants. Today’s multifamily residents want to live in a building that rolls out the red carpet for fido. These demands are increasing, prompting the multifamily sector to reanalyze how they’ve been defining “pet friendly.” Is your multifamily community showing its furry friends enough love? Beyond just allowing pets to live on the property, it’s important to start considering ways that you can make your multifamily building extra pet friendly. If you’re thinking this isn’t such a big deal, it’s time to think again.…

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2020 was far from a year of jet setting and traveling. On the contrary, people all over the world were hunkering down in their homes to ride out the coronavirus pandemic. The travel industry’s decline seeps into the commercial real estate arena through hotels and short-term rentals, like Airbnb and Vrbo. Now that we’re on the apex of a new year, are we finally ready to travel again? Hotel Hardships in 2020 Without guests to fill their rooms, CRE’s hospitality sector was in hot water. Data showed that COVID’s impact…

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The pandemic revolutionized contemporary commercial real estate leasing processes. But, we all already know that. This past year has been flooded with conversations regarding commercial real estate’s online migration after COVID put an end to in-person transaction models. The new era of commercial real estate is a product of social distancing efforts combined with efficiency-boosting strategies. The Popularization of Self-Guided Tours With this in mind, it shouldn’t be surprising that the trend of self-guided touring has taken off this year. If you’re new to the idea of a CRE-sector self-guided…

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Nowadays, everything changes so quickly. It only takes a blink of an eye for a massive change to take place. We all learned that lesson the hard way in 2020. The pandemic, economic turbulence, and extreme market activity were constantly changing the situation – which never seemed to settle in one place. Commercial real estate’s tenants were constantly facing uncertainty at a time when they had more questions than ever before. What is safe? What are the rules? What is being done to mitigate the new threats to health and…

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Shopping malls have been at the forefront of commercial real estate conversations for years now. After a seemingly endless discussion, the future outlook of the American shopping mall remains hazy. We still don’t know exactly what will save malls and bring these public shopping centers back into the spotlight for consumers. A New World for Malls Back in 2019, many predictions were made. The most prominent forecast for retail’s revival of the shopping mall was based on experiences. Fun, social, personalized, and specialty – malls were to become a place…

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