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Office Building Developers Follow the Coffee

Data shows link between Starbucks openings and office rentals

There’s a crucial role that coffee seems to play in American culture. Don’t believe me? The National Coffee Association discovered that two-thirds of Americans drink coffee each day, which is more than any other beverage including tap water. Coffee has also become a staple of office work. The typical American office worker consumes 1,040 cups of coffee each year, totaling...
Unless you’re tiptoeing back into society from an off-the-grid retreat, hearing that the economy has tumbled into a bear market isn’t breaking news. Wall Street hung its head on June 13th after the S&P 500 closed more than 20 percent beneath the high it reached in early January. Unlike a bull market, which typically lasts around 32 months, bear markets...
Blackstone Properties bet big when it forked over $1.3 billion, the highest price paid for any office building outside of New York, for Chicago’s iconic Willis Tower in 2015. At the time, Blackstone spending that much on a skyscraper (in the literal home of the skyscraper) signaled the strength of the Chicago market. Blackstone had said that it wanted to...
As we continue to see the ripple effects that the COVID-19 pandemic wrought on real estate markets, the life sciences sector is flourishing. Although the sector was on a prominent growth path before the virus, the pandemic only increased its momentum. With the global prescription drug market slated to surpass $1.5 trillion by 2023, demand for life science developments has...
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