AI Investment Is Giving Tech Office Markets A Boost The long-range effects might mean more investment in data centers and not in office, which might need fewer people. Replace people with machines? The growing fear in the current wave of generative AI has had an ironic improvement on hiring certain types of workers — and […]
Chick-fil-A is Building a Four-Lane Drive-Thru for 75 Cars Chick-fil-A’s elevated design will include four lanes and space for 75 cars. In some of Chick-fil-A’s markets, digital orders comprise more than half of sales, Khalilah Cooper, the brand’s executive director of restaurant design, said. And it’s only growing. “So we know,” she said in a […]
‘Gold Rush’ in Artificial Intelligence Expected To Drive Data Center Expansion The rapid adoption of new artificial intelligence apps and an intensifying bid for dominance among tech giants Amazon, Google and Microsoft are expected to drive investment and double-digit growth for the data center industry in the next five years. A “gold rush of AI” […]
White House closely tracking commercial real estate -White House economist WASHINGTON, April 18 (Reuters) – The White House on Tuesday said it is closely tracking developments in commercial real estate after recent strains in the banking sector, given that many smaller and mid-sized banks have “non-trivial” holdings in commercial real estate. Jared Bernstein, a member […]
Restaurants Struggle to Find Affordable Space for Their Expansion Plans Investors in real estate with a restaurant component are finding themselves in a glass half-full, glass half-empty kind of environment. On the one hand, strong demand for retail space from the food and beverage sector is pushing up rents. On the other hand, a shortage […]
Commercial Property Cap Rate Expansion Likely to Continue in 2023 According to a new CBRE survey, U.S. capitalization rate expansion is likely to continue in the short-term for most real estate asset types, but could peak later this year and should decrease in 2024 as the end of the Federal Reserve’s rate-hiking cycle is anticipated. […]