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As tenants look to expand or relocate and seek a better cost alternative, they're looking outside the CBD for environments with strong internal and external amenities, Westcore's Rob Sistek tells GlobeSt.com.
Spaces Levi's Plaza, which opened earlier this week, offers professionals a 32,000-square-foot business hub built around the concept of shared ideas, entrepreneurialism and innovation.
The financing needs to be structured in a manner that gives the lender all of its normal underwriting sizing guidelines, while also providing the operator the flexibility to execute its business plan, MetroGroup's Scott Botsford tells GlobeSt.com.
As it does the market must get ready for a “new normal” of changed renter demographics, according to a report by the Joint Center for Housing Studies of Harvard University.
Commercial owners usually have to complete repairs as quickly as possible, before the insurance claim is sorted out, but once the damage has been fixed, it becomes harder to prove the extent of the damage.