The restaurant industry and the real estate it occupies are being reshaped constantly. Between ghost kitchens, meat alternatives, flexitarians and food delivery apps – it’s important to understand the food trends playing a major role in the future of retail commercial real estate. See what trends are being cooked up in 2020.
On March 3, the Federal Open Market Committee (FOMC) held an unscheduled meeting and announced a reduction of the target range for the federal funds rate from 1.50%-1.75% to 1.0%-1.25%.
• Leasing activity was stable in 2019, at roughly the same volume as in 2018.
• The West region exhibited the strongest leasing activity, with more than 100 million square feet leased for a fourth consecutive year.
• The tech industry once again dominated leasing activity, accounting for 27.6% of the major leases—up from 26.1% in 2018. Tech leasing totaled slightly less than leasing for the financial services, government and real estate combined.
• For a second consecutive year there were more than 25 large leases (over 400,000 sf) signed in 2019.
The speed with which technology is changing makes the creation of a data center strategy a daunting task. Enterprises must decide to stay with their on-premises facility, move to the cloud or pursue a hybrid cloud strategy. Developers and operators require a parcel with robust fiber, access to power and a thorough grasp of the permitting process. Investors must be able to skillfully assess the long-term potential of a data center.
Join Cushman & Wakefield on Thursday, March 5 at 2:00 p.m. CT for a discussion on emerging trends in building/property management.