Industrial real estate has been the standout sector in real estate for close to a decade. The pandemic only further entrenched its position. While other sectors of the economy ground to a virtual halt, consumers’ accelerated shift toward e-commerce made… Read More
CIRE Weekly
Starbucks’ $450 Million Evolution
Starbucks founder and interim CEO Howard Schultz told employees in July the world and its customers are evolving and the coffee giant is basically playing catchup. The solution? A comprehensive “Reinvention Plan” to recreate the coffee chain’s environment and bring… Read More
Retail Fundamentals Stay Positive
Despite inflation headwinds that have presented challenges for shoppers, decreasing spending power and consumer confidence, JLL’s Q2 2022 Retail Outlook finds that retail fundamentals are solid, with net absorption remaining positive for six straight quarters, leasing hitting its highest number… Read More
Restaurant Franchising After COVID
As the pandemic era nears its waning chapters, franchising has held steady. In fact, you could argue market conditions threw weight behind one of the sector’s historic growth vehicles. The franchising field expanded at a 3.2 percent compound annual growth… Read More
Update on Fast-Food Drive-Thrus
The quick-service restaurant industry is witnessing yet another revolutionary trend as employee wages increase and consumers utilize drive-thrus and pickup options. A speedy drive-thru can be a competitive advantage, and operators are taking notice. As such, quick-service restaurants are swift… Read More
Freddy’s Record Pace of Growth
Freddy’s is only finishing up its first chapter, CEO Chris Dull says. And what a time it’s been. The fast casual, celebrating its 20th anniversary in August, has gone from zero to 450 restaurants in two decades. The brand is… Read More
Demand for Industrial Outdoor Storage
Industrial outdoor storage has gone from being a niche in the industrial sector often owned by small private investors and mom-and-pop operators to a market estimated at $200 billion. During the past three years, IOS has been growing dramatically and… Read More
Medical Office Sector Resists Adversity
Despite reduced transaction volume, the U.S. medical office sector is showing resilience in the face of economic uncertainty. “Health-care (real estate) is recession-proof and Covid-proof. Doctors still need a physical location to see their patients,” Darren Lizzack, vice president with NAI James… Read More
Solid Fundamentals for CRE in Q2 2022
In the second quarter of 2022, continued solid fundamentals reflect an ongoing healthy demand for commercial real estate across most sectors, even as concerns about a slowing economy dominate the outlook. Despite uncertain economic conditions, the apartment and industrial sectors… Read More
Fast Food’s War for Talent
In the summer of 2019, Chipotle’s chief restaurant officer, Scott Boatwright, referred to the labor landscape as a “talent crisis.” The pool had, for the first time in his career, or lifetime for that matter, surpassed a mark where there… Read More