Many developers, spurred by the pandemic to invest money in new self-storage facilities, have been caught short by this drop in demand.
Category: Real Estate (Commercial)
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China’s First Quarter Results Show Growth Propelled by Its Factories
China’s big bet on exports has helped to counteract its housing slowdown, but other countries are worried about a flood of Chinese goods.
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Delivery-Only Restaurants, Once Pandemic Successes, Face Uncertainty
Ghost kitchens and virtual brands became a way for idle restaurant kitchens to generate revenue. But as consumers return to in-house dining, many of those concepts are disappearing.
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Downtown Los Angeles Places Another Big Bet on the Arts
The pandemic was tough on city centers and cultural institutions. What does that mean for Los Angeles, whose downtown depends on the arts?
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Cities in the Eclipse’s Path Are Getting an Economic Boost
Millions of tourists trying to experience the totality could bolster smaller economies across North America.
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Cities in the eclipse’s path are getting an economic ‘shot in the arm.’
Millions of tourists trying to experience the totality could bolster smaller economies across North America.
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Skip the Traffic: Commuters Turn to Ferries to Get Around
Ferry ridership took a hit during the pandemic. But new terminals, additional routes and faster, smaller boats are driving a new era of water transportation and development.
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Can Minor League Baseball Survive Its Real Estate Problems?
The fight over a new stadium for the Eugene Emeralds highlights a wider challenge for cheaper alternatives to big-league live sports.
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As Graffiti Moves From Eyesore to Amenity, Landlords Try to Cash In
Brands, developers and even city officials are embracing the global appeal of street art, but the boom comes with questions about preserving a neighborhood’s cultural cachet.
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China’s Plan to Spur Growth: A New Slogan With Familiar Ideas
As China’s leaders promote their strategy, other countries worry the country is increasing factory overcapacity and plans more exports.
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Hong Kong Security Law Could Damage City’s Image as Financial Hub
Some firms have already moved staff out of the city since the Chinese government took a heavier hand in 2020.
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China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion
China’s securities regulator fined the developer’s founder, Hui Ka Yan, and banned him from participating in the country’s financial markets for life.