Each Wednesday, The Wrap presents a compilation of recent noteworthy commercial real estate stories from a variety of publications. Below are links to five stories that caught our eyes in recent days.
• What Millennials Want By Lauren Shanesy of Multifamily Executive.
“The share of millennial renters has increased form 37 percent in 2010 to 50 percent today; during that same period, homeownership among this demographic has decreased by 10 percent, to 26 percent.”
• Economy Watch: Inside the Volatile Retail Sector By Dees Stribling of Multi-Housing News.
“Sales were up 1.4 percent in June compared with the same month a year ago, which represents a decent increase. But that’s down from May, when the year-over-year gain was 2.7 percent; yet up from April, when the gain was only 0.9 percent.”
• How Connectivity Has Changed the Real Estate Game By Sachin Shenolikar of CBRE.
“Technology is transforming the way we live and work and the decisions we make. Location is still important, but in an age of improved mobility for businesses and customers, the relationship and interdependence between physical and virtual spaces has changed drastically. As technology continues to evolve, its impact on the real estate industry will get even stronger.”
• Don’t Expect Multifamily Rents Alone to Catalyze Higher Inflation By Brad Doremus and Victor Calanog of National Real Estate Investor
“While the Fed considers many different data points to gauge the state of the economy and help guide policy decisions, its dual mandate of price stability and full employment automatically places an outsized emphasis on inflation and the unemployment rate.”
• 3 Tech Trends That Will Transform Real Estate By Keith Loria for Commercial Property Executive
“From broad access to WiFi and the ubiquity of smartphones to ever-lighter laptops and more powerful tablet devices, the virtual barrier between work and home is all but gone, and the way people think about real estate is fundamentally changing.”