A new breed of retailers is connecting with millennial consumers on their own terms at that seemingly disappearing mid-market price point. This phenomenon is not happening in the malls or High streets or Main streets, but on what we call the COOL STREETS. The renaissance occurring on these COOL STREETS has been driven by an explosion of new restaurant and retail concepts. Make no mistake about it, these are largely hipster neighborhoods notable for their embrace of the unconventional, out-of-the-box, and the cool. But they are also up-and-coming trade areas driven by dramatic demographic shifts and the preference for urban living. In an age of increasing retail uncertainty, COOL STREETS serve as an incubator of sorts for what will likely be the hottest new retail concepts of tomorrow. Download the Cool Streets Report here.
Discover influential trends impacting the commercial real estate industry and beyond, written by our very own thought leaders. In this volume, read about: Experiencing the experiential workplace; Google on innovation, technology and the future of real estate in an exclusive sit-down; eSports: a gamechanger in real estate; What's Next in PropTech; #GirlPower – How women are winning in CRE...and many more. We’re keeping you, the world's premier occupiers and investors, on the edge of what's next. Download The Edge here.
Tech Cities 2.0 explores The Tech 25 -- key U.S. and Canadian markets where tech accounts for a significant portion of the local economy -- and demonstrates that these markets typically experience more rent growth and larger property value increases than peer cities. The report outlines employment trends, demographics, millennial trends, venture capital and CRE outcomes for the tech sector and these markets. Read the full report on the Cushman & Wakefield website here: https://cushwk.co/TechCities2
Commercial Real Estate: Railtown Zoning Change Spurs Redevelopment – article by Evan Duggan via The Vancouver Sun
"Boe Iravani strolls up Railway Street and points out no fewer than 11 buildings he says either can or will be redeveloped in the old industrial heart of Vancouver’s Downtown Eastside. Development application signs are visible on many of the old commercial buildings is a four-block stretch north of Alexander Street, between Heatley and Gore avenues, which butts up against the rail lines of Vancouver Harbour." To read the complete article by Evan Duggan via The Vancouever Sun: https://cushwk.co/2QoJOId
"Downtown Vancouver’s Granville Street strip is in a state of transition that is adding a range of uses beyond the typical nightclubs that characterize it as the city’s ‘Entertainment District’. New and edgy retailers are said to be negotiating leases in the area, nightclubs are expanding service to include lunch and dinner, and new co-working spaces will add vibrancy to the area as Vancouver’s core continues to densify, and gentrify. " To read the complete article by Craig Patterson via Retail Insider: https://cushwk.co/2p6LbhW