With office space vacancies on the rise in Vancouver, some developers are starting to become more flexible in order to attract tenants, the Vancouver Sun reports. One company is offering prospective tenants the opportunity to speak with their designers, before signing a lease, to talk about designing spaces to suit their specific needs. That kind
As office tenants flock to the cities, suburban developers are reinventing how they build their office buildings, according to a Boston Globe article. Instead of just building office towers and parking lots, developers are now starting to build developments that also include restaurants, hotels, retail, and even residential buildings. The idea is that providing similar
The number of Chinese investors buying American real estate is on the rise, with over half the $22 billion from Chinese investors going to California, Washington and New York, according to a CNNMoney article. But there are other states that are gaining more popularity among Chinese investors, including Florida, Texas, and Michigan. Some investors are
Repurposing buildings is a growing global trend, and it’s one that’s spreading in New York City, says a recent New York Times article. Most conversions are office buildings to apartments, but office buildings aren’t the only buildings being converted. Old industrial buildings, schools, churches and even old parking garages are fair game. One reason conversions
Renovated townhouses, with 2-3 additional stories, have become a largely unwelcome trend in Washington D.C., according to a Washington Post article. The townhomes, nicknamed “pop-ups,” due to their being significantly taller than the surrounding townhomes, are considered by many to be an eyesore. But with the high demand for housing in D.C., oftentimes the only
Despite continued political unrest, retail real estate development in Cairo is booming, an article in the Wall Street Journal says. Many of the retail projects are large shopping centres, the latest being Mall of Egypt. The new shopping centres are being built not only as retail centres, but as social centres as well, featuring facilities
There are many ways of measuring office spaces, and they don’t all come up with the same end result. According to a Wall Street Journal article, a new international coalition of real estate organizations wants to change that. Over the last year, they have worked to come up with a standardized way of measuring leasable
Old jail cells in Germany will no longer be for inmates, according to an article in the Wall Street Journal article. With a decrease in Germany’s prison populations, along with demand for new housing, many developers are converting old prisons into apartments. The phenomenon is particularly common in larger cities where housing is particularly tight,
Some luxury buildings in New York are causing a stir by excluding rent-regulated tenants from accessing amenities, according to a New York Times article. Tenants in buildings where this is happening see it as a tool for developers to encourage tenants paying the lower rent rates to move elsewhere, allowing them to rent out more
Converting older office buildings into new apartments may not be a new idea, but it’s one that is starting to spread, according to an article in the Wall Street Journal. The trend has being going on for years in New York City, but has just recently started appearing in other American cities. Most of the