With the need for full-time work-from-home declining, many professionals are seeking out new co-working spaces and are bringing new expectations and trends with them. Commercial real estate experienced rapid changes in the last couple of years, and some developers failed to adapt to these changes. Commercial real estate property managers need to be aware of […]
Even though many people have cut back on travel this summer, there are some who believe that stay-at-home vacations represent a continuing trend. In fact, the hospitality industry is gearing up for travelers as soon as worldwide restrictions become even a little less restrictive. That’s good news for commercial real estate and construction, in addition […]
As people return to work, just what will the office environment have in store for them? Will it be totally automated or will it even exist? There are “experts” on both sides of the fence. Some who once predicted that office buildings of the future would be substantially revamped to accommodate greater workplace flexibility now […]
Residential and commercial property managers throughout the nation are looking ahead to third and fourth quarter rebounds in the economy, and current data seems to confirm that it will happen. The second half of the year, particularly the fourth quarter, should bring a surge of business. The way that business will be transacted, however, has […]
Apartment rental trends have been relatively strong and steady in the Twin Cities and across the nation since 2016, according to the latest statistics compiled by RentCafe, but the numbers were last updated in February. However, new construction in Minneapolis has lowered average rents. That’s good news, according to analysts, and “a breath of fresh […]
The direction has been clear for some time, but the COVID-19 pandemic may have helped define future touchless technology. The timeline for development may also have been compressed significantly as the world recovers. International hotel chains are rolling out improvements from check-in to room cleaning. Food and beverage service is likely to be affected as […]
The tried and true real estate adage about “location” may be overused—and everyone knows it’s not all about location. However, when making initial decisions about a commercial real estate project, location is certainly an important factor. Location has an impact not only on what can be developed, but also on cost projections, long-term viability, type […]
One of the few constants in commercial real estate and construction is that business trends are somewhat cyclical. That’s not to say there’s consensus or predictability concerning the timing or the duration of market ups and downs, but rather a sense of inevitability that, after several years, a slowdown is looming. Many companies figure periodic […]
Even though Minnesota may be more cautious about reopening business than some other states, Minnesotans may be ahead in studying how to reopen. New Strategies for Making the Workplace Safe The Mayo Clinic’s Well Living Lab is situated adjacent to the Mayo campus in Rochester, and it is a center of activity. The facility is […]
Finding new ways to transact business as well as socialize during the time of quarantine is a prime concern throughout the country, and technology is the prime mover. From business teleconferencing to teaching, enjoying concerts and visiting museums to furnishing a new home or perfecting cooking skills, creative new paths are being forged. And new […]