Author: Rent Magazine Team
The beginning of 2023 marked a significant change in the housing market, as remote work continued to influence homebuyers’ preferences, especially in suburban areas. This shift is not just a short-term trend but a lasting transformation in how people view work and home life. Remote work has become a cornerstone for many employees, and it is reshaping suburban housing demand, with homebuyers, real estate professionals, and developers adjusting to meet this new reality. Suburbs, once considered less desirable by urban dwellers, are now in high demand. The key driver behind this shift is the need for space. As more professionals…
The retail space rental market in August 2023 saw a significant transformation, marking a major shift toward experience-based stores as landlords and retailers increasingly sought to move away from traditional, product-centric storefronts. This change in approach, driven by evolving consumer preferences, has reshaped the way commercial spaces are designed and utilized, especially in major cities like Chicago, San Francisco, and New York. As demand grows for retail spaces that offer more immersive and engaging experiences, landlords are adjusting their strategies to keep pace with these new expectations. The Growing Demand for Experiential Retail Traditionally, retail stores have been designed primarily…