National Association of Realtors | April 16, 2020
The industrial real estate sector is seeing a bright spot: Warehouse demand is surging. The COVID-19 pandemic lockdown has changed consumers’ buying habits. While some could view it as temporary, companies are re-evaluating how to better handle more bloated supply chains in the future. Amid the pandemic, consumers are stockpiling essentials, such as toilet paper and cleaning supplies, and rushing to stock up at grocery stores. Even apparel stores and other retailers are fielding more online orders as their physical stores remain temporarily closed. The need for space to store more goods is growing. E-commerce operations are requiring more storage space, and companies are ramping up more “safety stock” and rethinking previous lean-inventory strategies. “There’s this move away from just-in-time [inventory], so the tenants are getting fatter,” Kevin McGowan, president of McGowan Corporate Real Estate Advisors, which specializes in industrial real estate, told The Wall Street Journal.
PR Newswire | April 09, 2020
Livly, the Chicago-based technology company bringing modern apartment applications to multifamily properties nationwide, announced today the launch of their new Community Feed feature within the Livly Resident Mobile App, giving property managers a new digital option to develop a sense of community within apartments. This feature launch empowers both apartment residents and staff to interact with each other online, without leaving their smartphones. Property managers in the United States often still rely on email or paper notices for important communication about their apartment buildings, particularly with residents. This includes communications regarding resident events, amenities, and service updates.
PR Newswire | April 08, 2020
Dwellsy announced today that its rental property inventory now exceeds seven million units, including some of the largest, and most reputable multifamily communities. The American experience is diverse and varied. This is ever true for renters. On our platform, we feature rentals for every type of renter — those looking for single-family homes and others wanting to reside in larger, amenitized communities," said Jonas Bordo, Dwellsy CEO. "We feel honored that many of the most notable brands in the Multifamily Housing industry have chosen to list with us. Dwellsy is a website for residential home rentals, built on the radical concept that true, organic search in a free eco-system creates more value than the pay-to-play model embraced by all of the current rental listing services.
openPR | April 02, 2020
Global real estate market is projected to reach $8.6 billion by 2026, growing at a CAGR of 2.8% from 2019 to 2026. In 2018, by property, the land segment accrued the largest share in the real estate market. The land-related transactions have grown, owing to growth in the commercial, industrial, and residential projects around the globe. Moreover, many real estate investment firms are focusing on purchasing farm-related properties and agricultural land for leasing them to farmers. For example, in September 2019, Gladstone Land Corporation has acquired more than 400 acres of farmland in California. It entered into lease agreements with respective firms to operate the property. These firms will focus on growing a variety of berry crops. Hence, growth in the number of such projects is expected to increase the demand for land around the globe.