US. Retail Supply , Especial Malls, Shrunk To Better Match Demand Consumer Spending Shows Strong Gains At Malls Mall Performance Like Office Leasing Performance Is All About Class A Before the pandemic, the retail narrative was that twenty percent of malls were going to go out of business over the next five years. Online shopping was the brickandmortar killer, and dead malls became a thing. And...
Chicago Has The SecondHighest CMBS Commercial Office Distress Office Leasing Price Trends Are Rarely Discussed Media Coverage Office Remains The Highest Distressed Commercial Asset Class Our first jobs out of college in 1982 were in Chicagoland and my wife and I loved living there. One of the first things I did was learn where the name "Chicago" came from and have yet to meet a local who knows...
I've been posting commercial office price drops here fairly regularly and the anecdotal drop in value is hovering around twothirds of the prepandemic value (before WFH was supercharged). The most recent commercial office sale in Manhattan was a 67% discount from a 2018 purchase. This building, 321 West 44th Street, ironically houses the headquarters of the Commercial Observer, a widelyread...
Because the tether between home and work locations was broken by Work From Home (WFH), the damage to the commercial office market is unlikely to spill over into residential housing. Because leasing rates are down sharply.... and landlords can't price rents too low or they can't pay their debt service so they wait and hope things get better...yet WFH is not going away. Sure, it may rise and fall...
It's not just about endless shrimp driving Red Lobster to bankruptcy. It was a land play and the new owner forced Red Lobster to pay wildly high rental rates on its land. Did I tell you that I used to be a lobster fisherman? I sold my boat a few years ago but I lay claim to catching the most expensive lobster on the northeastern seaboard (when you add the cost of the boat, gas, insurance, the...
The post Miami-Dade County New Signed Contracts v. New Listings – By Property Type first appeared on Miller Samuel Real Estate Appraisers & Consultants. [...]
This week I joined Jim Duncan and his colleagues at Nest Realty in Virginia. I've known Jim for years through our mutual online writings. His Jim's Note has always been [...]
