Commercial Real Estate Market Research
SIS International2023-09-01T19:07:20-04:00Commercial real estate market research is crucial for developers, investors, and stakeholders' property investments.
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Commercial real estate market research is crucial for developers, investors, and stakeholders' property investments.
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SIS International Research is curre [...]
Discover opportunities in the Middle East for your business.
Overview
Major competitors in the United States market are concentrated in three regions: East Coast, Midwest, and West Coast. Particular areas of concentration include California, Missouri, Nebraska, and Pennsylvania.
Some of the major players in the industry that are from Florida and New York as are as follows:
These days, developers and commercial real estate brokers have a tough time filling office space in Manhattan in New York City. Following a building boom in which developers flooded the market with office space in newly constructed towers, tenants are hard to come by. According to the NY Times, many tenants who signed deals in 2007 are seeking to abandon their prime office space. Part of the problem is that the hedge funds have become defunct, leaving the prime real estate locations in the city. While only 20 Million square feet have been built in this decade according to CB Richard Ellis, supply is finally catching up with demand.
SIS International Market Research. US Real Estate Market Research
Beijing Shibo Real Estate, a Chinese developer, is bringing Broadway to Beijing, by developing a row of 32 theaters in Haidian district.
The theaters will present well-established Western shows and musicals. Many of the shows will be translated into Mandarin from English.
The move shows the extent to which an upper class and upper middle class is emerging and expecting Western entertainment.
Secondly, this entertainment is a status symbol, part of conspicuous consumption. Companies and wealthy individuals will likely take their families or connections as part of guanxi to these events.
Lastly, Beijing’s new Broadway illustrates the tendency for Chinese to adapt Western influences. Planners are not innovating musicals, but reproducing them in local terms.
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