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As walkable communities become more popular among young professionals and millennials, residents want to be near everything they value, GlobeSt.com learns in this <b>EXCLUSIVE</b>.
“Tenants aren't using office space the same way they were when BOMA International released its last office standard, and amenities like rooftop gardens and balconies are becoming much more common.”
The all-suites brands by Hilton have significantly increased footprints, thanks to prototypes that make it easy to build Embassy Suites, Homewood Suites and Home2 Suites in high-barrier-to-entry locations.
The combination of a nearly full lease-up and upper-tier demographics make for an attractive asset in terms of acquisition, as in the case for the Grand at the Dominion, a 320-unit class-A luxury community.
An MIT Center for Real Estate report commissioned by Capital One identifies trends that “defy conventional wisdom” along with “evolving market conditions that were hiding in plain sight,” says Rick Lyon, the bank's head of commercial real estate.
Breakout industrial markets, like Eastern Pennsylvania, are following L.A.'s lead with strong demand and rent growth, GlobeSt.com reports in this EXCLUSIVE story.
Sophisticated fitness-center operators that are expanding today are utilizing a variety of analytics for site selection in order to get the best locations for their brand, C&W's Chad Iafrate tells GlobeSt.com.