Dear NREI Readers, As we will be taking time off on Monday, Feb. 17 to celebrate President's Day, there will be no regular NREI Daily newsletter published on that date. We will return to our regular newsletter schedule on Tuesday, Feb. 18. NREI Staff
Parking lots have been selling quickly recently, especially in cities where they occupy valuable pieces of land. Over the past seven years, the average number of urban parking lot transactions nearly doubled from what it was during the 2006 to 2012 period, according to data from real estate research firm the CoStar Group.
The commercial real estate industry has been slower than most other sectors to embrace technology, but over the last couple years the impact of proptech has gained momentum and has now reached a tipping point that makes disruption to traditional processes inevitable. Industry leaders are exploring how to take advantage of proptech to solve challenges in marketing, due diligence and property management, according to the recently released Altus Group 2020 CRE Innovation Report.
NREI and Marcus & Millichap are currently conducting our quarterly Investor Sentiment study and an analysis of the findings will be presented in our quarterly Investment Outlook newsletter. This survey should only take a few minutes and you'll have the option to enter a drawing for one of four $100 Amazon gift cards.
Retail closings create an opportunity for experiential retailers, reports Forbes. The New York Times looks at factors, besides e-commerce, affecting the mall industry. These are today’s must reads from around the commercial real estate industry.