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CRE News
The New York Times
Shared office space is no longer the province of just sole proprietors, start-ups and young professionals. Tom Carroll, regional head of research for Jones Lang LaSalle, a global real estate services company, says his company predicts that 30 percent of the market could be flexible space by 2030. And the growing interest in shared space is forcing commercial real estate developers to rethink how they invest in their properties. They need to look at their space and "break down cubicles," Mr. Carroll said, in order to foster collaboration.
Globe St.
To consider how pervasive distributed networks have become in the world surrounding and intersecting with the commercial real estate sector consider these examples: e-commerce, fintech, co-working, big data, autonomous vehicles and blockchain technologies. All are distributed-network systems "that logistically change where and how work gets done," says Amy Erixon, Avison Young principal and managing director, investments. "These technologies, plus artificial intelligence, are the most important sea changes affecting investment and operational real estate decision-making today."
Bisnow
Tier 1 industrial markets like Chicago, Los Angeles and New Jersey are attractive for builders and investors because of their access to multiple modes of transportation. But goods need to be shipped between those markets through secondary and tertiary markets, and the smart developers are setting up shop across all points in a distribution chain.
NREI
A few years ago tech and creative companies were smitten with the authenticity of old warehouses and repositioned them as creative office space. With a dwindling supply of old warehouses, these users have switched their focus to office towers. These buildings offer great views of city skylines, but are desirable to technology and creative users for their location in urban centers and proximity to retail amenities, residential neighborhoods and mass transit.
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