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.
1. Office: Millennials in Motion
We’ve written in the past about how millennials are changing offices, demanding better connectivity, flexible spaces, and new kinds of amenities. This article from Commercial Property Executive discusses this trend and offers several examples of millennial-friendly offices, highlighting perks like urban gardens and fitness centers.
2. Industrial: Self-Storage Another Competitor For Industrial Space
The self-storage market is heating up, which means even more demand for already-tight industrial space. According to Wentworth Storage Co. VP Dave King, industrial to self-storage conversions have become extremely popular in the last 18 months.
Casper is joining the ranks of Bonobos, Warby Parker, and other retailers who started with an “e-commerce only” model but have since opened physical stores to allow customers to see and touch their products in person. It’s a promising trend for retail landlords who fear that online shopping threatens their brick-and-mortar assets.