Permitting delays. Hang-ups in the supply chain that slow tenant fit-outs from weeks to months. These are just two of the issues plaguing tenants in the COVID environment. But there are solutions. According to Oyku Hanna, the Verity Commercial top producer specializing in landlord and tenant representation, the pandemic only exacerbated many already-existing challenges. In… Read More
The retail sector is changing. According to PwC’s latest edition of Emerging Trends in Real Estate, the broad net the accounting firm spreads over the major commercial real estate markets annually. The short-form rationale behind this proclamation is that consumers are looking increasingly for flexibility and convenience, and retailers, as a result, have to redefine… Read More
Don’t count retail out. That’s the word from Verity Commercial Leasing and Sales Advisor Charles Mann. Consumer headlines to the contrary, the Washington DC metro retail market is emerging from the pandemic stronger than the rest of the nation. “It’s just not true that retail was decimated due to isolation and quarantine restrictions,” he says…. Read More
What a difference one year makes! We as a nation were still reeling from the unexpected personal losses and derailment of the economy brought on by the global COVID-19 pandemic. Today, with vaccines widely available and hopefully most Americans out of harm’s way, we are on course to resume the upward trajectory of growth we… Read More
It’s an interesting time in our post-pandemic recovery. Having been through the (literally) overnight crash of the economy and the commercial real estate sector–after a record-long run-up, all eyes seem fixated on next year, and a resumption of the up-cycle. There’s certainly a rationale to that. Pent-up capital is once again hungering for deals, and… Read More