The ongoing COVID-19 pandemic has led to massive demand for warehouse space as e-commerce firms ramp up their operations in a bid to deliver their products to consumers faster. That’s according to the latest Industrial Tenant Demand Study from commercial real estate services firm Jones Lang LaSalle IP, Inc., which forecast that demand for logistics […]
Vaccination rates are rising and with it, many states are seeing a rise in short-term vacation home bookings as people look to embark on long-awaited getaways this summer. “This is probably contradictory to what a lot of people may think, but it’s really one of the most exciting times in the industry right now,” Carrington […]
With the Centers for Disease Control and Prevention recently announcing that Americans who have been vaccinated no longer need to wear masks or observe social distancing in most cases, hopes are high that workers will soon return to the office. And that’s exactly what investors are betting on, causing prices to rise in the commercial […]
Startups are betting on the rise of the suburban office
With many companies saying that they’re happy for remote work to continue, at least part-time, when the COVID-19 pandemic subsides, investors are betting on a surge of interest in newer, smaller work spaces located closer to the suburbs. Some investors are already trying to get ahead of the expected trend, eyeing empty residences and retail […]
Mall owners optimistic of recovery as foot traffic rises
Shopping malls have seen foot traffic jump substantially in recent weeks, and now some are hopeful for a rebound in a sector that has been one of the hardest hit by the COVID-19 pandemic. A March survey by Placer.AI of 52 U.S. malls that based on mobile phone location data, found that foot traffic jumped […]
Advocates call for vacant commercial space to be converted into affordable housing
With those of commercial buildings sitting empty due to the coronavirus pandemic, some are looking to repurpose those spaces for affordable housing. The onset of COVID-19 and the need for social distancing has resulted in hundreds of hotels sitting empty, while offices remain vacant as people work from home instead. The sudden availability of all […]
Shopping malls are on the road to recovery, analyst says
With COVID-19 vaccination campaigns now in full swing, more Americans are getting out and about again, and many are returning to once vacant indoor malls. Foot traffic data from the retail analytics firm Placer.ai shows that visits to 50 major malls in the U.S. rose by 86% in March compared to one year ago. Of […]
Hotels are betting on romance to help recover lost business
Hard-hit hotels are hopeful of a rebound as mass vaccinations begin to rollout in the U.S., but with many people still cautious about, or unable to travel, they’re having to come up with novel ideas to drum up new business. One idea is the wedding industry. A survey published earlier this year by The Knot […]
Executives warm to pet-friendly, post-pandemic work spaces
The remote work trend has caused a lot of people to become more attached to their pets as they spend more time with their furry companions. Now, some companies are trying to entice their staff back to the office by making accommodations for pet-friendly work spaces. A recent survey from Canfield Pet Hospital and OnePoll […]
Key Factors to Consider When Choosing a Co-working Space
In Singapore today, you find a lot of businesses operating from co-working spaces. This is because of the many benefits that come with a coworking space. A co-working space, also referred to as a shared office space, comes with many benefits such as reduced cost, networking, greater flexibility, and so on. It is particularly great […]