Why Obsolete Warehouses on the ‘Last Mile’ Are Attracting Institutional Investors
Every $1 billion in e-commerce sales requires 1.25 million sq. ft. of distribution space, said Scott Marshall, executive managing director of advisory and transaction services | investor leasing with CBRE, during a meeting of the Chicago chapter of NAIOP earlier this year. He noted that with e-commerce sales poised to grow by more than 10 percent […]
Rising Sea Levels May Add to Developers’ Interest in Miami’s Inland Areas
Real estate speculation in lower-cost, higher-elevation areas of inland Miami may draw fuel from sea-level rise, according to an article published by Scientific American. Hugh Gladwin, an anthropologist at Florida International University, is starting to see evidence that sea-level rise already is playing a role in real estate speculation on Miami’s inland. Little Haiti, for example, has […]
