Global Economy ‘May Still Avoid A Recession’ While several factors raise the possibility of an economic downturn, the overall outlook remains positive. The global economy may still avoid a recession, despite strengthening headwinds, according to CBRE chief economist Richard Barkham. In a new analysis, Barkham notes that while several factors raise the possibility of an […]
Insights on the Commercial Real Estate Global Market to 2027 The Global Commercial Real Estate Market is expected to register a CAGR of more than 10% during the forecast period. COVID-19 pandemic severely affected the commercial real estate sector, as travel restrictions and social distancing effected the public mobilization, commercial works and gathering facilities. Office […]
Costco to open first Buffalo-area store in Amherst Costco Wholesale will open its first local store in Amherst along the busy Niagara Falls Boulevard corridor, Supervisor Brian J. Kulpa said Wednesday afternoon. The international warehouse retail chain signed a lease with Benderson Development Co. on Wednesday to take over the former site of Tony Roma’s restaurant […]
How warehouses are taking over the U.S. For every Cyber Monday purchase, there is a warehouse employee packing up those soon-to-be presents. The big online shopping holiday comes amid a warehouse shortage across the United States as distribution center vacancy rates are at all-time lows. Nearly 96% of existing industrial space is in use, according […]
Top 10 Things To Watch In Commercial Real Estate In 2022 The year ahead is likely to see further improvement in commercial real estate markets as the economy continues to recover from the Covid-19 pandemic. There are both upside and downside risks to the outlook. Here are the top ten developments to follow, ranked in […]
Dollar Stores, Big Lots, Off-Pricers Will Open Thousands Of Stores In 2022 As the new year starts, several large national chains say they plan to cumulatively open thousands of new stores over the next 12 months, a remarkable sign given all the doom and gloom about physical stores. (Very few of them, by […]