How Important is “Walk-Score” and Neighborhood Amenities to Traditional Office Buildings?
Walk Score measures the walkability of a property’s address using a patented system. For each property, Walk Score finds hundreds of walking routes to the nearest amenities. Points are assigned based on the distance to amenities in every category. Amenities that are within a 5-minute walk get maximum points. A decay function is applied to give points to more distant amenities, and no points are given after a 30-minute walk.
How Important is “Walk-Score” and Neighborhood Amenities to Traditional Office Buildings?
Walk Score measures the walkability of a property’s address using a patented system. For each property, Walk Score finds hundreds of walking routes to the nearest amenities. Points are assigned based on the distance to amenities in every category. Amenities that are within a 5-minute walk get maximum points. A decay function is applied to give points to more distant amenities, and no points are given after a 30-minute walk.
Which Commercial Real Estate Sectors Are Approaching Oversupply?
2020 and the years ahead won't come without difficulties for the commercial real estate market. In the United States, certain Commercial Real Estate sectors may be affected by oversupply. the Urban Land Institute states that construction during the current cycle has been below historical trends, but as the cycle matures, we need to look at whether markets are becoming overbuilt. Oversupply may be around the corner for these Commercial Real Estate Sectors:
We expect to see some risk of oversupply in Class A multifamily and industrial properties, but the changes that have heightened the demand compared to historical norms should lessen the material impact on fundamentals, which are expected to stay solid.
Which Commercial Real Estate Sectors Are Approaching Oversupply?
2020 and the years ahead won't come without difficulties for the commercial real estate market. In the United States, certain Commercial Real Estate sectors may be affected by oversupply. the Urban Land Institute states that construction during the current cycle has been below historical trends, but as the cycle matures, we need to look at whether markets are becoming overbuilt. Oversupply may be around the corner for these Commercial Real Estate Sectors:
We expect to see some risk of oversupply in Class A multifamily and industrial properties, but the changes that have heightened the demand compared to historical norms should lessen the material impact on fundamentals, which are expected to stay solid.
Is Investing in an Opportunity Zone Really Worth It?
The main aim of Opportunity Zones is to encourage long-term investments, especially in low-income rural and urban areas throughout the country, and to boost the economy. An Opportunity Zone is an economically distressed rural or urban community that has been identified by state, local, and federal qualifications.
Is Investing in an Opportunity Zone Really Worth It?
The main aim of Opportunity Zones is to encourage long-term investments, especially in low-income rural and urban areas throughout the country, and to boost the economy. An Opportunity Zone is an economically distressed rural or urban community that has been identified by state, local, and federal qualifications.
What Are Alternative Tenant Options for Empty Retail Buildings?
In these ever-changing times, a retail landlord may find that they are stuck with an empty retail space. Recent retail trends, and the impact of closures due to Covid-19 have made it difficult for brick and mortar businesses to stay profitable.
However, there are many retailers who have found ways to adapt to this new environment. Although long-term creditworthy tenants are necessary– short-term tenants are also a good option, particularly in well-located areas.
What Are Alternative Tenant Options for Empty Retail Buildings?
In these ever-changing times, a retail landlord may find that they are stuck with an empty retail space. Recent retail trends, and the impact of closures due to Covid-19 have made it difficult for brick and mortar businesses to stay profitable.
However, there are many retailers who have found ways to adapt to this new environment. Although long-term creditworthy tenants are necessary– short-term tenants are also a good option, particularly in well-located areas.
How Will the Office Leasing Market Look Post Covid-19?
Have you wondered what the long-term effect of coronavirus on the office leasing market will be? Will the office space persist as it is?
Here are the major trends in the office leasing market.
How Will the Office Leasing Market Look Post Covid-19?
Have you wondered what the long-term effect of coronavirus on the office leasing market will be? Will the office space persist as it is?
Here are the major trends in the office leasing market.
Los Angeles Restaurant Scene Lights Up with Daring Moves Amid the Pandemic
Mandatory stay-at-home orders have permanently shuttered businesses across Los Angeles. Some restaurateurs who have been waiting to start the next hot spot are seeing the opportunity and are doubling-down amid the health crisis.
According to a Yelp study, Los Angeles had nearly 6,000 businesses close since the stay-at-home mandate from March to July. Businesses have had to dig deep to find creative ways to stay afloat amid the COVID 19 pandemic. Some restaurateurs are seeing the opportunity and have jumped in from the sidelines to open their restaurant. Food bloggers like Kat Hong of The Infatuation sites several new restaurants in the Los Angeles area that look to have some great potential.
Los Angeles Restaurant Scene Lights Up with Daring Moves Amid the Pandemic
Mandatory stay-at-home orders have permanently shuttered businesses across Los Angeles. Some restaurateurs who have been waiting to start the next hot spot are seeing the opportunity and are doubling-down amid the health crisis.
According to a Yelp study, Los Angeles had nearly 6,000 businesses close since the stay-at-home mandate from March to July. Businesses have had to dig deep to find creative ways to stay afloat amid the COVID 19 pandemic. Some restaurateurs are seeing the opportunity and have jumped in from the sidelines to open their restaurant. Food bloggers like Kat Hong of The Infatuation sites several new restaurants in the Los Angeles area that look to have some great potential.
How Will “Ghost Kitchens” Impact Conventional Restaurants?
There is one topic that's been impossible to ignore for chain restaurant executives in recent months - ghost kitchens, cloud kitchens, or virtual kitchens. It’s yet to be seen how significant these kitchens will become, but there are some indications that the trend is only going to grow.
The mere word “ghost” often causes fear within many people. However, some restaurateurs are starting to embrace this word as a part of their daily activities, creating a new business model with virtual-style restaurants that offer direct delivery. Ghost kitchens take the idea of traditional restaurants and eliminate the role of bartenders, servers, and all other staff, operating with only chefs, dishwashers, managers, line and prep cooks, and delivery drivers. Hence, the term “ghost kitchen” (in simple terms, also known as a delivery-only restaurant).
How Will “Ghost Kitchens” Impact Conventional Restaurants?
There is one topic that's been impossible to ignore for chain restaurant executives in recent months - ghost kitchens, cloud kitchens, or virtual kitchens. It’s yet to be seen how significant these kitchens will become, but there are some indications that the trend is only going to grow.
The mere word “ghost” often causes fear within many people. However, some restaurateurs are starting to embrace this word as a part of their daily activities, creating a new business model with virtual-style restaurants that offer direct delivery. Ghost kitchens take the idea of traditional restaurants and eliminate the role of bartenders, servers, and all other staff, operating with only chefs, dishwashers, managers, line and prep cooks, and delivery drivers. Hence, the term “ghost kitchen” (in simple terms, also known as a delivery-only restaurant).
Which Commercial Property Sectors are Doing the Best During the Pandemic, and Which Ones Are Hurting?
Together with almost every other sector of the economy, commercial property has been disrupted by Coronavirus and social distancing. For many years, the main declining CRE sector has been retail. However, this sector is no longer suffering alone, since the pandemic is hurting most other CRE sectors: hospitality, office, multi-family, personal services, restaurant, entertainment, and construction.
Which Commercial Property Sectors are Doing the Best During the Pandemic, and Which Ones Are Hurting?
Together with almost every other sector of the economy, commercial property has been disrupted by Coronavirus and social distancing. For many years, the main declining CRE sector has been retail. However, this sector is no longer suffering alone, since the pandemic is hurting most other CRE sectors: hospitality, office, multi-family, personal services, restaurant, entertainment, and construction.
What Is a “Leed Certified” Building, and Are Tenants Willing to Pay More Rent for One?
LEED (Leadership in Energy and Environmental Design) is a green building certification system that is internationally recognized and provides third-party verification that a community or a building was built and designed using strategies for improving performance across all the most important metrics: energy savings, CO2 emissions reduction, improved indoor environmental quality, water efficiency, and stewardship of resources. It can be applied to all building types – both commercial and residential.
What Is a “Leed Certified” Building, and Are Tenants Willing to Pay More Rent for One?
LEED (Leadership in Energy and Environmental Design) is a green building certification system that is internationally recognized and provides third-party verification that a community or a building was built and designed using strategies for improving performance across all the most important metrics: energy savings, CO2 emissions reduction, improved indoor environmental quality, water efficiency, and stewardship of resources. It can be applied to all building types – both commercial and residential.
Will California Prop. 15 Affect Commercial Property Values?
On Nov. 3, 2020, voters will decide about the California Schools and Local Community Funding Act, which will end Prop 13 protection for most of California’s commercial real estate.
This voter initiative, if passed, will require all California commercial real estate — with some exceptions — to be assessed at current market value.
Will California Prop. 15 Affect Commercial Property Values?
On Nov. 3, 2020, voters will decide about the California Schools and Local Community Funding Act, which will end Prop 13 protection for most of California’s commercial real estate.
This voter initiative, if passed, will require all California commercial real estate — with some exceptions — to be assessed at current market value.