CRE Around the Country

Inside some of the largest markets in the U.S. and how their markets are evolving post-pandemic.

Florida Cities Crushed by Ian Face Highest Borrowing Costs in Decade (wealthmanagement.com)

“Florida cities looking to rebuild from the devastation of Hurricane Ian will be financing their efforts during the worst environment for municipal borrowing in more than a decade.”

Inside LA’s $300M Experiential Office – Commercial Property Executive (commercialsearch.com)

“Office development trends took a sharp turn post-pandemic, as hybrid and remote work is becoming the norm. Companies are trying to incentivize their workers to re-engage with workplace culture and physically come into the office. Tenants and landlords are becoming increasingly aware and recognize that in a post-pandemic work environment, it is not enough to just offer the latest amenities.”

Micron to Build $100B Semiconductor Plant – Commercial Property Executive (commercialsearch.com)

“Four manufacturing plants are planned, each comprising 600,000 square feet of cleanroom space, amounting to a total of 2.4 million square feet—making it the largest in the U.S.”

NY City Council Bill Spotlights Retail Store Vacancies (therealdeal.com)

“The measure, sponsored by Manhattan Council member Gale Brewer, builds on a 2019 law that established a public database of commercial properties in New York City. As part of that law, commercial building owners must report vacant ground- and second-floor retail space once a year.”