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
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
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
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
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
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
See the current rental trends from across the country.