We don’t have quite the demand for loft space that NYC does, but the issues are similar. Unfortunately for office users, we’ve converted many of our lofts to apartments, not office space. There really are not any more loft-type buildings in Des Moines to be converted.
Check out this article from the New York Times <HERE>.
Click <HERE> for a very interesting article from the New York Times on suburban office buildings.
<HERE> is a great article that describes the shift between retail and warehouse.
I don't think we'll see this in Des Moines any time soon, but it's the new wave for dense, urban areas. Click <HERE> for an article from The Wall Street Journal regarding Amazon's new multistory warehouse concept.
Retail real estate is experiencing some turbulence. Check out "The Mall Meltdown Continues" <HERE>, appearing in The Wall Street Journal's June 3rd edition.
The mass-timber mixed-use building that is under construction in the East Village is part of a national trend.
From The New York Times:
"Log Cabins? No, These Wooden Buildings Are High-Rises
Seeking greener projects, builders are choosing timber for offices and apartments, rather than the concrete and steel that dominated construction for decades."
READ MORE <HERE>