The largest mall owner in the country, the Simon Property Group, is predicting 2021 will be a better year for real estate than 2020. The tenants are able to pay their rent on time, and retailers are wanting to expand their businesses as well.
In the midst of the pandemic, property owners were taxed as if COVID-19 was not impacted commercial real estate. The government continued to tax commercial properties for all of 2020 on values that ignored the severe economic consequences.
We are all aware of the disruptions in our lives and our communities due to Covid – but it is time to take action and make adjustments placed upon your business.
Investors are misjudging how fast people will return to malls, offices, or crowded areas. Some people believe that all retail will be done online in the near future. Although, the Brookfield chief argues for the importance of “water-cooler conversations,” and how it helps build personal connections within the office.
Cortana Mall in Baton Rouge has been around for more than 40 years. Recently, a company linked to Amazon has asked the East Baton Rouge Parish Planning Commission for approval to turn Cortana into a distribution center.
From the article published by CCIM Institute, “Seeing Tech’s Potential,” explains how building information modeling is a new form of technology that could elevate the construction industry.
An article by Globest, “Despite COVID-19, Co-working Is Here to Stay,” grasps the concept of how COVID-19 has made working from home crucial, and how co-working spaces are making a comeback. This is according to new report by Cushman & Wakefield.
See in the article below from the Greater Baton Rouge Business Report how property owners are struggling to lease their properties due to COVID.
WES or Warehouse Execution Systems is a new software that has emerged in the last few years. WES is a single software that combines previously used systems and technology to manage warehouses. It is a complex system that uses robotics, conveyors, and automatic components to control the warehouse.
A recent article published in the New York Times, “Covid Pushes Real Estate Into the Future,” explores the idea of technology advances in the Commercial Real Estate world. Advances in robotic furniture, healthier buildings, and amenities may be in commercial buildings future.