The new year holds promise for strength and growth, per the recently released U.S. Real Estate Market Outlook from CBRE Research. On the industrial front, the report highlights record levels of demand generated by e-tailers looking for distribution centers. Alternately, traditional retailers are also seeking logistics space as they adapt to the needs of the online customer. Users absorbed between 75 million to 90 million square feet in the industrial and logistics sector each year since 2013, a trend CBRE’s analysts expect will extend into 2019 and beyond. Click to read more at www.rednews.com.
As the pressure on Austin’s affordable housing needs increases, a new plan that waives zoning and design standards could carve a path for dense, subsidized housing on lots in high-opportunity single-family neighborhoods throughout the city. The program, introduced this week by District 4 Council Member Greg Casar, has gained initial support on City Council. Click to read more at www.communityimpact.com.
WASHINGTON – For the first time since 2016, Texas has landed on the U.S. Green Building Council’s (USGBC) annual list of the top ten states for LEED (Leadership in Energy and Environmental Design) buildings. The Lone Star State ranked fifth, certifying 277 buildings total over 88.4 million gross sf (GSF) in 2018. That is 3.52 GSF of LEED-certified space per resident. Although Texas ranked fifth in GSF per capita, it was behind only California in total square footage (112.4 million GSF). USGBC ranked states by GSF per capita. Click to read more at www.recenter.tamu.edu .
What are the property value implications of flexible space for today’s U.S. market? A recent report has revealed several key insights regarding today’s dynamic marketplace, where corporate and niche spaces are claiming an increasing proportion of the country’s real estate industry. The latest report from CBRE, dubbed US Property Value Implications of Flexible Space, states: “The niche flexible space segment should continue to mature and expand, potentially boosting its share of Class A office space nationally to as much as 10% by 2028.” Click to read more at www.mrej.com .
If you want to understand the state of Dallas-Fort Worth’s retail market, just look at the performance of shopping centers at two ends of the spectrum: small and large. The overall market is enjoying its healthiest numbers in decades with overall occupancy for the market’s nearly 200 million square feet at the second-highest level ever: 92.4 percent. Click to read more at www.dmagazine.com .
Google Inc. has signed a lease for an entire 35-story tower that has started construction just east of the Central Library in downtown Austin, according to a commercial real estate source with knowledge of the deal. Google declined to comment on the transaction, or on what it means for the company’s plans for its Austin operations. As of this past August, Google had more than 800 employees in Austin. Click to read more at www.statesman.com .