Offices, hotels, and malls were emptied by the coronavirus. Even as they reopen, the disruption has many thinking we're looking at a new normal for how we occupy space.
Big firms are rethinking office needs — and some commercial real-estate deals are being put on ice as financing dries up.
A surge in e-commerce, meanwhile, is fueling demand for warehouse and cold-storage space from companies like Amazon.
The coronavirus threw the real-estate world into disarray, as people emptied out of offices, hotels, and malls and worked from their homes. The disruption is transforming how people and companies finance, operate, and occupy real estate.
Big firms are rethinking office needs — and some commercial real-estate deals are being put on ice as financing dries up. Coworking and flex-office firms are struggling under big rent obligations after years of rapid growth. A surge in e-commerce, meanwhile, is fueling demand for warehouse and cold storage space as companies look for new ways to reach customers.
Here's the latest news on how commercial and residential real estate is being upended, and how experts think these markets will play out in the long run.
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Here's everything we know right now:
Latest news and deals
Warehouse space is heating up
Office sublease deals adding supply to the market
How retail is faring
State of the commercial real-estate market
Facebook is eyeing offices in cities like Dallas, Atlanta, and Denver to act as 'hubs' to support 50% of its workers staying remote — and it's a move that could upend Silicon Valley and NYC real estate
Coworking, coliving, and short-term rentals
WeWork is leasing a big new office in Jersey City to house the headquarters of a planned spin-off from pharma giant Merck. Here's how the deal will work, and why it's a big win for the struggling coworking giant.
Knotel and insurance startup Rhino didn't disclose its CEOs were brothers when it struck a complex financial deal. Now a key partner could be on the hook as Knotel scrambles to pay bills, slashes staff, and plans to shed portions of its portfolio.
The future of real estate
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