Reuven Kahane | Shifts in Demand for Commercial Real Estate | |
According to Reuven Kahane, Higher gas prices can also impact the commercial real estate sector, particularly retail and office spaces. Businesses that rely heavily on transportation, such as logistics, delivery services, or those located far from major transportation hubs, might face higher operational costs. As companies reassess their needs, demand for office spaces in well-connected urban areas could rise, while more remote office locations might see declining interest. Retail spaces might also be affected if rising transportation costs lead to higher prices for consumer goods, reducing disposable income and dampening consumer spending. Retailers may struggle with foot traffic, particularly in areas that are not easily accessible by public transportation, leading to increased vacancies and potentially lower commercial real estate prices in those areas. | |
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| Target State: New York Target City : New York Last Update : Nov 16, 2024 11:32 PM Number of Views: 13 | Item Owner : Reuven Kahane Contact Email: Contact Phone: (None) |
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