TL;DR
WeWork has filed for bankruptcy and the CMBS delinquency rate has hit a new post-Covid peak. Suburban growth is creating new opportunities for franchise brands, particularly in the food hall sector.
The Big Picture: 10 Global Trends To Watch in 2024
Commercial Real Estate Trends
Commercial Real Estate: Construction Loans Decline as Lenders Continue To Cut Back
CRE in 2023: Lenders Issue Record Number of Foreclosure Notices for High-Risk Property Loans
CMBS Delinquency Rate Moves Higher Again in October 2023, Hits New Post-Covid Peak
New Opportunities Emerging
Food Halls: Suburban Growth from Hybrid Work Means New Opportunities for Franchise Brands
Strip Malls: Competition for Prime Retail Sites Heats Up
Return to Office: Tougher RTO Policies Are No Remedy for Half-Empty Buildings
Office Market Challenges
Converting Empty Offices to Apartments Runs into Challenges
WeWork, Once Valued at $47 Billion, Files for Bankruptcy
Adam Neumann Wounded WeWork. An Office Market Bust Finished It Off
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In this story
This story was originally published by Eddy Goldberg in Franchising.com on November 20, 2023. Burnaze summarizes and links to the original reporting.
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