One of the most conspicuous trends in commercial real estate is consolidation of real estate services. Why has a business that has traditionally been fragmented, localized, and entrepreneurial undergone such a profound change?
Shopping mall owners and developers must meet the demands of the time-crunched, value-oriented consumer or be prepared for the industry's growth to stumble, according to Wall Street analysts at the annual convention of the International Council of Shopping Centers.
With assets exceeding $120 billion, real estate investment trusts (REITs) are emerging as a dominant force in the commercial market. And they're changing the way real estate investment is regarded on Wall Street and Main Street.
Today, we're told, more than 20 million American employees work out of their home offices. That's enough to dismay any commercial broker. After all, the teleworking trend could translate into a significant decrease in the need for commercial office space.