Welcome back to the week, investors. In today’s commercial real estate news—it’s all about amenities when it comes to student housing, Starbucks announces an aggressive expansion, and James Bullard would like to only see one interest rate hike this year.
There’s a war for student housing, and amenities are the weapons. Developers are learning to integrate the maximum number of popular amenities into tighter spaces. These, as well as a close distance to campus, signal strong future returns.
Starbucks plans on opening over 15,000 stores in the US and abroad by the end of 2021. To fuel its aggressive expansion, the coffee giants plans on adding 100,000 younger employees to its workforce.