Happy Friday, investors! In today’s commercial real estate news, E-commerce may be making brick-and-mortar relevant again (bear with us on this), the apartment sector needs to blow off a little steam, and student housing is booming.
Traditional brick-and-mortar retailers may be able to fight off Amazon by using their local branches as arms against the online giant. Many customers order online then pick up their shipments from the physical stores, shaving time off delivery and allowing retailers the chance to sell them on more.
Cool down on apartment investing, the market for them may be overheating a bit. Apartment occupancy slipped from 95.1% last year to 94.5% in the first quarter of this year. An increasingly healthy housing market may mean people are less interested in renting and more interesting in buying.
While apartments slip, student housing remains strong. Millennials are attending college in record numbers, increasing demand for high-quality roofs over their heads.