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Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Absorption, time on the market, applications, new supply are all at historic highs.
Myrtle Beach, Charleston see top YoY percentage gains.
They are also demanding more flexible lease agreements, including new termination options.
It's the least vacant commercial real estate segment.
The move comes when Walmart, Walgreens, and Rite Aid make big changes in their health clinic offerings.
They also got WeWorks to remain at 77 Sands Street following a lease modification.
It doesn't want to sell assets into a heavily discounted market that is near bottom.
But the 'new' increases in real estate had never really stopped, even if they slowed.
Interest rates and economic uncertainty have depressed the level of investment in the asset class.
There are meaningful competitive advantages that these mixed-use projects gain over nearby competitors.