Why Nashville's An Emerging Tech Market
Nashville's known for its music and eds & meds but not as much as a tech hub. That's changing, according to a new report by CBRE, Scoring Tech Talent, with Nashville seeing rapid tech-talent growth as tech companies locate and expand here.
Over the last five years, Nasvhille's been No. 2 in the nation in the growth of tech talent, the report says, with the number of tech workers in the area up 67.9% as companies up their game in Nashville. (That's…
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Special Report: Millennial-Targeted Developments Are Too Expensive For Millennials
Across the country, developers have been racing to deliver new, highly amenitized urban apartment buildings aimed at the growing population of Millennials looking to rent. But some worry this focus on urban living has forced rents up, and the Millennials being targeted for these buildings are unable to afford them.
Since the last economic downturn, rents have risen steadily every year. In Q2, nationwide average apartment rent was $1,282, a 5.3% year-over-year rise.
Seven years ago, average rent was less than $1k. Since it's now that much more expensive to…
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Developers Now Planning Two Hilton Brands For SoBro Hotel
Wilka Downtown, which owns a site in SoBro on which it plans to develop a new hotel, wants to modify its plans to include a Tru by Hilton and a Home2 Suites (an extended-stay brand) in the same 10-story building.…
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The Answer To Franklin's Office Shortage: Build Higher
Franklin officials have proposed allowing buildings as high as 16 stories along the east side of I-65. That's part of the newly released 150-page Envision Franklin, which is the starting point to update the city's land-use policy and zoning code.…
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WeWork Is Extending A Bigger Olive Branch To CRE Brokers
WeWork continues to take steps to prove it can truly be a $16B company, and it's attacking a market sure to make the industry it's disrupted smile: brokers.
Francis Lobo, named WeWork's chief revenue officer last month, tells Bisnow the co-working giant has greatly expanded the platform on which tenant rep brokers can find space for their clients.
WeWork also is boosting the commissions it gives brokers from…
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Brexit Anniversary: 4 Weeks Later, How Have Global Markets Reacted To The Referendum Vote?
If there is one thing the global marketplace does not react well to, it's uncertainty—which is exactly what Brexit incited. But on the (roughly) one-month anniversary of Great Britain's vote to withdraw from the European Union, markets are finally stabilizing—particularly in the US.
The global financial services industry and commercial real estate sector were genuinely surprised when the June 23 results were tallied and 78% of the UK's population turned up to vote—52% in favor of leaving the EU.
The initial reaction? Uproar. Stocks plummeted and the British pound dropped to a 31-year low as the future looked bleak and the economic effect on a global scale remained uncertain. But the turmoil didn't last long.
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Though Global CRE Investments Declined In Q1, Future Outlook Remains Healthy
It's no surprise that global markets have taken a hit this year, what with the Brexit referendum that sent everything spiraling for a short time last month and China's slowdowns. Despite these shocks, global real estate capital flows appear to be keeping up with the global economy, which has outpaced CRE investments in both real and nominal terms.
In its Property Perspective Global Capital Markets report, released this month, CBRE says real estate investments remain supported by the global economy.
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