Commercial Real Estate News
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The City of Columbus, the Ohio Department of Transportation and the Mid-Ohio Regional Planning Commission are collaborating to improve the intersection of Polaris Parkway and Orion Place.
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Columbus is home to a host of Fortune 500 and Fortune 1000 companies, but it’s also an oasis of countless startups. So how is one of the capitals of the Midwest competing with juggernauts like New York, San Francisco, and Atlanta?
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You could cut the rising tension between commercial tenants and landlords with a knife. Tenants are finding the struggle to pay rent has continued into May with a perplexity that can only be attributed to these unprecedented times. Landlords are also left scratching their heads about how to breach the subject.
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It’s not so much the virus itself, but the fear COVID-19 instills in the general population that may lead to a significant disruption in the previous upward trend in commercial real estate. And just as it’s nearly impossible to predict the full ramifications of coronavirus, it’s equally hard to predict what will happen to commercial real estate.
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We’ve heard it for months: these are uncertain times. Well, thanks for stating the obvious, so what do we do about it? You want answers, not vague commiserating statements. That’s where we come in with DRK and Company’s quick guide to rent relief.
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Contrary to Baby Boomer beliefs, millennials are a hard generation to define. They range in age from late teens to mid-thirties. They come into the real estate market with more debt and education than their parents had at their age, but less buying power. So, how is a generation that lives at home longer, marries later, and prefers to rent turning the commercial real estate market on its head?
One word: WiFi.
Millennials are looking for a one-stop-shop to live, work, and play in that can accommodate their hefty connectivity demands.