Despite widespread predictions that the COVID-19 pandemic would put an end to office buildings, construction has persisted — albeit at a reduced rate. While ground was broken on 86.4 million square feet of new supply in 2019, the number dipped to 58.4 million in 2020 and […]
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According to property research and listing service CommercialEdge, 592.5 million square feet of industrial space was under construction as of March 2022, with another 600 million in the planning stages. With demand driven by online retail and growing logistical needs at a global level, industrial has […]
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Low industrial vacancy rates and high rents, combined with a limited supply of undeveloped land in the Southern California market, are leading more developers to turn to conversion and redevelopment to meet record demand for industrial space. Zac Sakowski, senior managing director at JLL, and Jake […]
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The need for cold storage facilities has exploded as e-commerce sales and grocery delivery demands multiplied during the last few years. Most cold storage facilities primarily handle food preparation or transit as products move toward consumers, but they can also be used for pharmaceutical, floral and […]
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Prior to the rise of e-commerce, industrial real estate was among the asset classes most immune to change. However, thanks to the rising logistical needs of retailers, increasingly specialized production methods and global supply chain issues, the industrial market has been significantly transformed in the last […]
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Images of office buildings usually portray those in a city — dense, glass-covered skyscrapers in the heart of a metropolis. But the majority of office buildings built in the last 20 years were actually in the suburbs. Using data provided by CommercialEdge, COMMERCIALCafé compared where office […]
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In summer 2021, the office market was gearing up for a much-anticipated return to the office in the fall as a result of widespread optimism owing to efficient COVID-19 vaccine rollouts and falling case counts. However, the emergence and subsequent ascent of the delta and omicron […]
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While the past two years have been marked by considerable speculation around the future of office-based and remote work, there is no uncertainty around the fact that companies will still need physical spaces for training, collaboration and culture building. Considering the changing nature of these activities, […]
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Nationwide, commercial property is experiencing a significant shift in the makeup of the brick-and-mortar retail market. The COVID-19 pandemic has repeatedly taught us that convenience is king, and although we have somewhat returned to our pre-pandemic routines, online ordering, delivery services, and omnichannel distribution are all […]
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Lab sciences is one of the most talked-about sectors in real estate right now – but how can a traditional office building owner court these companies as tenants? By understanding what lab sciences leaders look for in potential lab and office space, commercial real estate owners […]
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