Essential Must Reads for the Week Ahead
Like it or not, Millennials Are Changing Office EnvironmentsBy 2020, millennials will make up 40-50% of the working population. Although not every millennial wants to work at a startup, their wants are very different than previous generations — and not every industry has adapted seamlessly to these changes and the advent of technology. When working with new tenants, regardless of their industry, keep in mind these key millennial impacts.
Why Interest Rates Don’t Matter to Commercial Real Estate The Federal Reserve kept long-term rates steady. But whether they go up or stay the same hardly matters to today's commercial real estate world, according to panelists at our Atlanta's Capital Markets event yesterday.
City’s office-building boom won’t be enough to meet demand Manhattan is seeing a boom in office-space construction, the New York Building Congress reported recently. The organization projects just under 20 million square feet will be added between this year and 2018.
Taking Millennial Trends Into Account Fifteen years ago, the traditional indoor mall was the place to be for both teenagers and adults. The mall was a social gathering place, and of course, one of the best places to buy the latest fashions. Today, malls have evolved drastically, based primarily on the emergence of the internet, as well as the changing tastes and needs of today’s generation of consumers.
Fear of Sliding Oil Prices Has Minor Impact on U.S. Commercial Markets According to a new report from CBRE Group, after a year of sliding and volatile oil prices, the commercial real estate fallout in energy markets is mixed across North America and by property type, but fears about widespread adverse impacts have not been realized.