December 13, 2017

Smart Cities Planned by Tech Giants Spell Big Changes for Commercial Real Estate…AND MORE

Smart Cities Planned By Tech Giants Spell Big Changes For Commercial Real Estate, By  Lara O’Keefe, Bisnow

“Connected infrastructure, autonomous vehicles and new zoning possibilities are all elements coming to future smart cities. If this trend continues, it could provide developers with more flexibility and creativity thanks to relaxed zoning, a decline of vehicles and parking lots leading to more available space, and better connected, smarter buildings.”


Report: CyrusOne Planning $200M+ Data Center In Metro Atlanta, By Jarred Schenke, Bisnow

 “An economic development prospect called Project Smart is set to be Atlanta’s newest data center player in its burgeoning market. CyrusOne would be entering one of the fastest-growing data center markets in the country. Demand for data center space has jumped by 20% this year from last, fueled by demand by Fortune 500 companies to move IT operations from the Northeast and California to the Southeast, according to the ABC.”


Has the Multifamily Market Growth Been Stronger in Urban or Suburban Settings?, By Barbara Byrne Denham and Victor Calanog, National Real Estate Investor

“There has been considerable confusion as to where the multifamily market growth has been concentrated, especially for those who look at the numbers. In fact, most of the growth has taken place in suburban submarkets. Why this is confusing is because most associate apartment living with urban settings, while the “suburbs” are seen as subdivisions of single-family homes. Few recognize that the bulk of the apartment inventory is located in suburban submarkets, either within the city limits or outside. A quick look at the numbers shows that the ratio of suburban to CBD apartment stock is nearly 6:1.”


Shakeouts, Silver Linings Ahead for Retail in 2018, By Paul Rosta, Commercial Property Executive

“At ICSC’s New York Deal Making event, industry veterans offered varied perspectives on the challenges facing the sector, and attempted to correct misconceptions that have emerged during a challenging year. What’s ahead for retail real estate in 2018? That crucial question was a leading topic of conversation among the estimated 11,000 professionals who attended the International Council of Shopping Centers’ annual New York City Deal Making event last week. During conversations at the site of the convention, Javits Center in Midtown Manhattan, industry veterans offered perspectives as diverse as the retail sector itself.”


Tech Companies Driving World’s Most Expensive Office Markets, By Michael Gerrity, World Property Journal

“Cost of leasing premium offices is up, particularly in technology-rich cities.”

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