Recommended Reading: The 3 Best CRE Articles of the Week
Every week, VTS scours the web to find the most insightful, valuable articles in CRE across the office, retail, and industrial sectors. Here’s what we have for you this week.
WeWork is set to expand its reach to 111 buildings in 30 cities, but it’s also had a tough year on the financial side, having recently cut its revenue estimates by 14%. So whilecoworking clearly isn’t going anywhere, many office owners have to wonder what they’ll do if WeWork goes belly up. But this article explains why these landlords aren’t worried.
2. Industrial:Digital Realty Launching New Downtown Data Center
Data centers are ahot ticket in industrial real estate, and this new one should be one of the hottest. Digital Realty is planning to build this new data center right next to its flagship center in downtown Chicago, and CBRE has already begun pre-leasing. Developers at Digital Realty are even interviewing potential tenants before beginning construction in order to tailor their plans to anticipated needs.
The holidays are the most important time of the year for retailers, and Black Friday is the focal point for brick-and-mortar retailers. This year, however, their predictions are lukewarm. Industry experts expect slight improvements over last year, but nothing major.