With more companies announcing that employees can continue to work at home, the coronavirus epidemic may shift how and whether companies lease office space in the future.
Retail loan defaults are expected to keep climbing "substantially" as brick-and-mortar stores "have been dealt a brutal blow by the pandemic," a May 13 report said.
Over the long-term coworking will still be around, says CEO Owen Thomas. "But in the short-term, it's challenged and clearly there is limited growth, probably contraction, among the co-working operators."
Hilton's first tri-branded property is the most recent completion in what is quickly one of the hottest submarkets whose evolution is supporting both new development and giving new life to some historic structures.
From property management and marketing to investment brokerage and financing, new technologies are disrupting and transforming every corner of the multifamily market.
In some ways the New York City retail scene is grappling with the same issues that have been bedeviling the industry nationally. In others ways, the city's uniqueness makes it a story unto itself.