Will the Government Intervene in Florida’s Struggling Film Industry?

August 25, 2021

Legislative incentives might not be imminent, but there are plans in development that could bring movies and TV back to the Sunshine State It might surprise you to learn that in 2006, Florida was the number three film destination in the entire country. Only Southern California and New York drew more revenue from the film

Co-Working Spaces May Have a Brighter Post-Pandemic Future in South Florida

August 18, 2021

Co-working spaces could become a valuable way for CRE investors to fill vacancies at their properties while allowing businesses access to flexible space  Before COVID-19 hit, co-working spaces were becoming quite popular. These locations provide all the office amenities businesses or independent workers needed—and some human contact—without requiring them to sign a traditional lease.  Freelancers,

Will There Be Durable Changes to the Workplace and CRE After COVID-19?

July 14, 2021

Some lessons of COVID might influence commercial real estate and offices for some time There’s hope and optimism throughout the country that we could be coming to the end of the COVID-19 pandemic. While it’s unlikely we’ll eradicate the disease, we’re getting closer to returning to normal life every day.  For example, as of this

3 Ways CRE Investors Can Deal with Post-COVID Economic Uncertainty

June 9, 2021

The post-pandemic world could be volatile, but there are some steps investors can take to minimize their risk COVID-19 has created an unpredictable economic environment. And even though we're moving toward strong economic growth and the possible end of the pandemic, at least in the United States, some uncertainty remains. First, we don't know for

The Downturn in the Restaurant Industry and Its Impact on CRE

May 5, 2021

Thousands of restaurants have closed their doors for good, but there may be CRE opportunity Restrictions during the COVID-19 pandemic, especially bans on indoor dining, severely impacted the U.S. restaurant industry. Even areas with loose or no restrictions, like Florida, are experiencing slowdowns because of consumer hesitancy. The result is hundreds of thousands of restaurants

Social Distancing Layout Tips For the Office

March 10, 2021

Social distancing could remain necessary for a period, even after the COVID-19 vaccine rollout Although it appears as though most of the American population will have access to a COVID-19 vaccine by the summer, many questions remain. First, the vaccines might not work as well on some of the virus's emerging variants, particularly if it

Does the Hotelization of Offices Work in the Age of COVID?

February 17, 2021

More services and amenities could be the key to attracting tenants. But the difficulty of obtaining capital for customized improvements puts up barriers to “hotelizing” offices. COVID-19 is speeding up the work-from-home revolution, as more employees are avoiding the office and working remotely than ever before.  Pew Research Center reports that 71% of workers with

Is the Open Office Concept a Thing of the Past?

February 3, 2021

The need for social distancing is sure to amplify many pre-pandemic questions about the efficiency of open offices. The open-concept office is widespread in corporate America, though it has taken some hits in recent years. The movement first gained traction in the 1970s and remains a go-to setup for many businesses around the country. The

Outdoor Space as a Solution to Maximize Building Use During COVID

November 25, 2020

Taking advantage of available outdoor spaces can make businesses safer for customers and employees while navigating the global pandemic. We're learning more every day about the novel coronavirus that's wreaking havoc on our society, giving us additional insight on how to protect ourselves.  For example, it's now common knowledge that the virus spreads person-to-person through

Creative Ways to Repurpose Abandoned Malls & Big-Box Stores After COVID-19

October 28, 2020

Many large retail spaces are sitting empty because of retailers going out of business, but there are novel strategies to reuse these spaces Although the struggles of shopping malls and big-box stores aren't new, as eCommerce has been cutting into their sales for years, the COVID-19 pandemic has been the final straw for many retailers.

How the COVID-19 Economy Impacts Property Improvements & Customized Offices

September 30, 2020

The changing tenant-improvement landscape due to COVID-19 Before the COVID-19 pandemic, it was common for tenants in “Class A” buildings to ask for significant improvements to office space as a part of their real estate lease. In essence, this practice allows companies to obtain a highly-customized office as part of their agreement.  The owners of