Commercial Industry News Roundup
Monthly Highlights for commercial real estate
Commercial Industry News Roundup April-May 2022
If you’re in the commercial business, it is esential to keep up on industry happenings. Here are the top headlines across the country for April-May 2022
50,000 Stores Predicted fo Close After Pandemic
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UBS is now projecting between 40,000 to 50,000 retail stores in the United States closing over the next five years, down from the 80,000 closures it previously forecasted. |
Are Hotels Coming Back
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A report released by the American Hotel & Lodging Association indicated that 2022 hotel business travel revenue is anticipated to be 23% below the pre-pandemic levels. |
Main Street Comeback will rely on small businesses
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May 1 through 7 was National Small Business Week. Today more than 32 Million small businesses employ almost half of America’s workforce and represent the heart and soul of countless communities. |
MBA Tempers 2022 Growth Projections for CRE Lending
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MBA is expecting lending volume growth to fall short of earlier projections for 2022, but to rebound in 2023 to total nearly $950 billion. |
Office Trends: Flexible Environments and ABW’s
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Stories about COVID-19 and the world of work continue to focus on hybrid activities. Meanwhile, from a commercial real estate point of view, the discussion throws in flexible office space and activity-based working environments. |
Rent Prices are up, But Stability may be in sight
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See the current rental trends from across the country. |