BBG Inc.

Recent industry reports indicate that cold storage has become a hot real estate asset, due to the rise of meal prep kit and pharmaceutical home delivery services and other trends. https://lnkd.in/gy3s4xWS.

Developers are building new houses for rent at an unprecedented rate, aiming to capitalize on the steep home prices and higher mortgage rates that are forcing many Americans to keep renting.

Recent deals and data highlight the investor and tenant appeal of open-air retail — better known as strip malls or neighborhood shopping centers. They appear to be benefiting from a number of tailwinds, including the persistence of hybrid work (meaning a ready consumer base with time to pop in for things in the middle of the day) and consumer cravings for easy-in, easy-out convenience. Data from 2023-24 suggest a rapid rise in demand for space in open-air strip malls and neighborhood retail hubs, despite the tenacity of e-commerce on sites like Amazon.

Thoughts on Chicago's "Cut the Tape" plan to streamline development approvals? The report identifies more than 100 recommendations for development process improvement, including the elimination of redundant processes. The city government's stated aim: "This strategy will quickly increase residential and commercial projects, stimulating business sectors and addressing the urgent need for housing."

Recent Fed reports, consolidated by John H. Wright, Jr., MAI, BBG Senior Managing Director, suggest inflation is slowly cooling.

James Turner, MAI, Mark Sadler, and T.J. Smith are attending the International Right of Way Conference taking place June 23 - 26 at Long Beach Convention Center in Long Beach, CA. Reach out to connect. https://lnkd.in/e4XBJ3Q

Louis Yorey, MAI, MRICS, is ready to connect at the U.S. Real Estate Opportunity & Private Fund Investing Forum in Newport Beach, RI, June 19-21. https://imn.org/newport

At a recent retail industry event, a Whole Foods rep discussed ways that retailers, and grocers in particular, need to reimagine the physical space and in-store shopping experience to meet the needs of consumers. One troubling challenge and proposed solution is the rise of "crossover congestion," which occurs when customers and store associates shop at the same time (with associates filling pickup and delivery orders). The resulting confusion and congestion have created a new property type called "dark stores" that provide space for associates to shop without cluttering the sales floor.

Count on BBG for industry leadership across diverse market sectors. Our team stands out as a top-tier leader in the commercial real estate industry, excelling in valuation, advisory, environmental, and engineering services. Use our quote request form to learn more: https://lnkd.in/gk7K83RP