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.
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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