May 21st, 2018
Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!
The End Of Parking Lots As We Know Them: Designing For A Driverless Future
“Over time, vehicles in autonomous ride-service fleets are expected to be electric, and as their numbers grow, the need for gasoline stations in city centers will drop. When that happens, it opens up a big source of real estate for redevelopment, as does the potential to create new uses for land dedicated to street-level parking.
“Think about all the real estate frontage of all our streets, if we take that back for people space, for green space, for amenity space, restaurants or cafes, right there on our city streets,” Cohen said. “This is our big opportunity as architects, designers and urban planners to take our city streets back.” www.forbes.com
Over time, vehicles in autonomous ride-service fleets are expected to be electric, and as their numbers grow, the need for gasoline stations in city centers will drop. When that happens, it opens up real estate for redevelopment, (and) creates new uses for land dedicated to street-level parking.” #creClick to tweet
Rise of the Super Commuters
“Nationwide, 91.4 percent of commuters who travel under 90 minutes commute via private vehicle, compared to 69.7 percent of super commuters. While part of this gap is due to the fact that a larger share of super commuters are in metros such as New York and San Francisco with more robust public transportation, the trend holds true within metros as well. Compared to those with shorter commutes, a larger share of super commuters travel to work without a private vehicle in 49 of the 50 largest U.S. metros.” www.apartmentlist.com
Millennials and Commercial Real Estate
“Millennials have been the focus of companies’ young talent recruitment efforts for 15+ years, and now they are an increasingly large portion of leaders in those organizations as the oldest of them are entering their late 30s. Organizations are no longer just planning around millennials, they are being led by millennials. What do we know about how millennials are different from (and the same as) previous generations? And, what does all of that mean for commercial real estate?” www.blog.cushwake.com
How the World’s Biggest Companies Are Fine-Tuning the Robot Revolution
“The big question surrounding automation has long been whether robots would compete with workers or help them. Initially, workers feared robots would destroy jobs across the economy. Scholarly research and real-life experience have eased that concern, although some types of workers and industries are ending up on the losing side.
Today, the question is more precise: In which industries does automation help both employer and employee?” www.wsj.com
“There is robust demand for space by companies of all sizes and from a variety of industries. Expansions are as common as millennials noshing on avocado toast.” #creClick to tweet
How Retail Stores Can Thrive in the Age of Amazon
“In other words, with the old models for retail broken, or at least a good deal less sturdy, and rents finally in decline, risks are being taken. That willingness to experiment means that certain seemingly threatened — but perhaps more resilient than imagined — retailers such as bookstores are returning in new forms. Shakespeare & Co. is opening four stores, but they’re much smaller than the old ones, only 2,000-to-3,000 square feet, because new technology allows books to be printed and bound while you wait, minimizing the need for shelf space” www.thecut.com
Your success blesses others. I wish you a great a hugely impactful week!