National Commercial Real Estate News From CoStar Group
Changing Office Trends Hold Major Implications for Future Office Demand
Perhaps just as the inevitable disappearance of music, video and books stores should have been foreseen at the onset of a digitized connected world, so too should the commercial real estate industry start taking a hard look at changes occurring in the office market.
Tenants are downsizing their offices, particularly larger public firms, as they increasingly adopt policies for sharing non-dedicated offices and implement technology to support their...
Retailers Diverting More Real Estate Dollars to IT
Announcements like the one Kohl’s made this month are a dwindling breed among retail chains. The headline from the retailer's press release read: "Kohl’s Department Stores Opens Nine New Stores."
That could be the highwater mark in terms of store openings as the department store chain has just three more stores scheduled to open this year.
Those numbers are down sharply from years past. Last year, Kohl’s opened 20 new stores and a new 951,000...