Enjoy your weekend, investors! But first, catch up on today’s commercial real estate news. Articles include landlords struggling with a flood of e-commerce packages, a Los Angeles measure to pause housing developments, and a flashback to a year ago when developers expressed concern over a border wall.
An unending barrage of boxes from e-commerce sites to ill-equipped apartment mail rooms is scrambling landlords. Many choose to expand, but for those who can’t, it becomes a logistics issue. Neither options are cheap, and new developers are already planning their multifamily buildings with this problem in mind.
Years of luxury developments are causing tensions to rise in America’s second largest city. Citizens are considering a measure to effectively halt all housing developments for the next two years. The regulations is seen as a way to control rising rent prices.
An article from last year speculating on the impact of President Trump’s proposed wall on labor costs. According to reports, undocumented immigrants make up to 14% of construction laborers. Developers are afraid a labor shortage brought about through mass deportations will push construction costs even higher.