NAFTA Or No, Tijuana Has
A Budding Tech Future
As NAFTA negotiations drag on to an unclear resolution, the Tijuana economy — and its commercial real estate market — faces uncertainty, something no business exec likes. A crippled or dead NAFTA seems like a grim prospect, since the trade pact has probably done more to grow the local economy than anything else since the 1990s.
On the other hand, barring a trade catastrophe, Tijuana's longer-term prospects are solid as it integrates into the world economy not just as a manufacturing hub, but also as a budding outpost of the knowledge economy.
"We don't know what's going to happen with NAFTA," Tijuana Economic Development Corp. CEO Adriana Eguia Alaniz said. "No one does. NAFTA has been critically important in the development of Tijuana since it was enacted, and it's still very important,…
Read Full Story
|
|
|
Top stories on Bisnow.com
|
Survey: California's Industrial, Multifamily Markets Remain Hot, While Retail Not
Multifamily and industrial are hot in California while retail has stagnated, and office has reached the top of the cycle. These are the latest findings from the Summer/Fall 2018 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey.
The biannual…
Read Full Story
|
|
|
When Opportunity Knocks: Cities Eager To Take Advantage Of Opportunity Zones
LONG BEACH, CALIF. — In Downtown Long Beach, million-dollar homes, high-end condominiums and luxury apartments line Ocean Boulevard, just a few steps from the beach. The waterfront has high-rise hotels, towering office buildings and chic retail and restaurants. The city also has pockets of abject poverty.
These struggling neighborhoods could benefit from a new federal program designed to bring investment and development into blighted areas — and city officials are eager to take advantage of that opportunity.
Read the full story here. |
|
|
In Case You Missed It ...
|
|
|
|
|
|
|
Report: U.S. Deal Volume Cools In Q2 — This Is How The 5 Core Sectors Fared
In a sign that the market may be cooling, commercial real estate transaction volume came in nearly flat in the second quarter of the year, with sales up 1% to $118.1B in Q2 year over year. Year-to-date commercial asset sales reached $233.3B, according to data from Real Capital Analytics.
“Flat is not necessarily a bad thing,” RCA Senior Vice President Jim Costello said, adding that in 2015 the market slipped and many awaited the inevitable correction, but it never came. “They kept waiting and it didn't happen, and now volume has sort of stabilized. Every down cycle has some characteristics that are the same, but every one is different. What we're going through now is something unique, and it's tied to all of the factors involved in the market today.”
Read the full story here. |
|
|
|
Big E-Commerce's Kung Fu Grip On Warehouses Is Opening Opportunity For Airbnb-Like Startups Flexe, Stord
With e-commerce exploding — it accounted for nearly 13% of total retail sales last year and is expected to grow to 17% by 2022 — it may seem like a sure bet to get into the space. List goods online, find a warehouse, ship to your customers, money rolls in, right?
Not so easy if you are a small e-tailer. The majority of e-commerce distribution is dominated by Amazon and other e-tailers capable of absorbing scale, while smaller companies can be stuck scrambling for ways to fulfill their orders.
Most often, these small companies find themselves distributing their inventory to fulfillment centers controlled by the big e-commerce companies, which increases costs that are passed down to the consumer.
Can the sharing economy provide an answer?
Read the full story here. |
Bay Area Reigns Supreme For Tech Talent, But Other Markets Are Inching Toward Prominence
The San Francisco Bay Area remains the premier region in the U.S. for tech talent, even though the cost of living and office rents continue to rise, according to CBRE's 2018 Scoring Tech Talent report. Office markets with strong tech employment have been among those to experience high office demand, rapid leasing activity, significant office rent growth and apartment rents.
While the Bay Area remains top dog for tech talent, Seattle, Washington, D.C., Toronto and New York City rounded out the top five. This is the first year a Canadian city has reached the top five in CBRE's report. Toronto actually…
Read Full Story
|
|
|
|
|
