The desire for uplifting experiences is now invading the workplace, and forward-thinking office developers/owners are cashing in on this trend by integrating office space into mixed-use environments, says Mike Hoeck, San Diego-based senior vice president specializing in office leasing and sales with real estate services firm CBRE. Office space within a mixed-used environment leases up faster and commands rents that are 22 to 33 percent above rents at stand-alone office buildings, he notes.
Renters consistently pay more to live in apartments close to a shoreline or a riverside. On a national basis, apartment properties earn a premium of five cents per sq. ft. in monthly rent for every mile closer the property is to a body of water, starting at five miles away, according to research firm CoStar Market Analytics. So properties right next to the water get an average premium of 25 cents per sq. ft. in extra monthly rent, CoStar data shows.
For accredited investors, an often-overlooked alternative to REITs or private real estate funds is direct real estate investing. It’s something that institutional investors have used for years to complement and mitigate the risk from other assets in their portfolios.
Co-living start-ups are getting increasing interest from investors. Single-family rentals continue to grow in popularity as an asset class. Read these and other stories in NREI's April 2019 edition.
The Wall Street Journal looks at the dimming prospects for many mall owners and investors. Best Buy names Corie Barry the company’s first woman CEO, according to Reuters. These are among today’s must reads from around the commercial real estate industry.
