Access to playgrounds is one of the amenities apartment renters have a new appreciation for after schools and day care centers closed during the pandemic. (Getty Images)
In case you missed the headlines, here’s a roundup of top national commercial real estate stories reported by the CoStar News team over the past week.
On Second Thought: Renters Make Sharp Reversal on Apartment Preferences: In order to better understand how apartment tenant preferences are changing, CoStar analyzed the impact of unit sizes, apartment type and amenities on rent levels.
WeWork CEO Says Businesses Need Hub-and-Spoke Offices for Now: The chief executive of WeWork, the flexible office space provider, said workers are suffering from what’s been called “Zoom fatigue” after nearly seven months of the working-from-anywhere phenomenon and are ready to go back to the office. But he said flexibility and safety still loom large as barriers to the pre-pandemic definition of the office.
A Costco Made Into an Amazon Hub Sells in One of LA's Priciest Industrial Deals of Decade: A former big box store that is being renovated into a warehouse hub for e-retail giant Amazon in the Los Angeles suburb of Torrance, California, sold in one of the most expensive industrial deals in the region since 2010.
Regency Centers, Alexandria Launch Retail-Life Science Center Experiment: Retail landlord Regency Centers is teaming up with the nation's largest life science property manager, Alexandria Real Estate Equities, in what could be the first of many retail-biotech developments across the country.
How a Developer Turned a Scrap of Land Into a Showpiece: Key Development's guiding ethos is what the company describes as "a workable paradox": to develop buildings that "fit into the surroundings while also standing out." The challenging site logistics of a recent project made Key's philosophy a literal truth.
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