February 25th – Swamped

What I’m Reading

Swamped: As the nation begins to climb out of the depths of the COVID-19 crisis, landlords will be forced to fight for office tenants, creating a tenant’s market unlike any other over the past few decades with availability rising 15-20% in some markets.  Vestian

Hot Spots: Boise, Raleigh-Durham, Phoenix and Austin rank at the top of Crowdstreet’s best build-to-rent markets for 2021.  These cities have benefited from the population boom, have room to expand, and have the job growth rates necessary to justify multiple BTR projects (h/t Steve Sims). Crowdstreet

Condensed Timeframe: A combination of pandemic disruptions and constantly changing technology has shortened the lifespan for a typical commercial building, leaving developers scrambling to adjust.  New York Times

Behind the Curve: Many consumer goods companies are still struggling to keep up with booming consumer demand thanks to supply chain issues and labor shortages. The Wall Street Journal

Buzzword: Marriott is betting big on ‘Bleisure’ or the mixing of business with pleasure to spur a hotel resurgence.  Look for this term to show up more frequently in 2021 (h/t Michael Deermount).  The Wall Street Journal

Chart of the Day

This was a very popular chart 10 years ago.  Hard to overstate just how wrong it was from a prediction standpoint.  

Image

Source: @BinaryBits

WTF

Perfect Crime: A woman was arrested for robbing a bank in a motorized wheelchair because Florida.  News 4 Jax

Blue Plate Special: An Oklahoma man suspected of murdering three people has confessed to killing his neighbor, cutting her heart out and then cooking it to feed his family.  NY Post

Basis Points – A candid look at the economy, real estate, and other things sometimes related.

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