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Search resuls for: "sublease"


8 mentions found


☆ Prologis Says Warehouse Demand Remains Strong in Slowing Economy
  + stars: | 2023-01-20 | by ( Paul Berger | ) www.wsj.com   time to read: +3 min
Prologis Inc., the world’s largest developer of logistics properties, is bullish about warehouse demand this year despite signs of an economic slowdown. Executives at San Francisco-based Prologis said Wednesday they remain cautious about building new facilities as the economy wavers. But they said vacancy rates remain near record lows and that much of the leasing activity for this year is already secured or underway. Warehouse demand peaked last year, as average national vacancy rates plummeted to near 3% and reached close to 1% in Southern California. Average occupancy in Prologis’s owned and managed portfolio ticked up to 98% in the fourth quarter from 97.7% in the prior quarter.
☆ Warehouse Leasing Tumbled at the End of 2022
  + stars: | 2023-01-05 | by ( Liz Young | ) www.wsj.com   time to read: +3 min
Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. PREVIEWFor the full year, companies leased a net total of 756.8 million square feet of industrial space in 2022, down 18% from the year before. The leasing slowdown raises the potential for a glut of new warehouse space in the coming months, with 682.6 million square feet of new development in the construction pipeline, Ms. Salzer said. Developers are paring back their plans for new projects as financing becomes increasingly difficult to secure, Ms. Salzer said. The amount of new space under construction was down 4.3% compared with the previous quarter, according to the report.
☆ I'm an Airbnb multimillionaire. Here's why I'm optimistic about the platform in 2023, and my best advice for renters to weather the economy.
  + stars: | 2022-12-30 | by ( Dorothy Cucci | ) www.businessinsider.com   time to read: +5 min
This as-told-to essay is based on a conversation with Chris Choi, a self-made Airbnb multimillionaire and real-estate investor from California. And class C listings are usually one- to two-bedroom apartments, with nightly rates ranging from $100 to $250. Meanwhile, I've noticed that bookings for my class C and B properties have decreased in recent months. If not, they should focus on targeting business travelers with class B or C properties, which I'll get into a bit later. Instead of choosing your next Airbnb near Disneyland or national parks, I would focus on locations that will accommodate business travel — in other words, metropolitan areas.
☆ 9 tech companies that have ditched San Francisco offices in 2022 are a warning sign for cities to rethink their reliance on big firms
  + stars: | 2022-12-28 | by ( Robert Davis | ) www.businessinsider.com   time to read: +6 min
San Francisco should be a cautionary tale for cities that rely on tech firms to fill office space. At least nine companies have exited office space in the city, . Salesforce CEO Marc Benioff told Bloomberg that San Francisco needed "more diversity" in its economic and tax base, as well as more residential homes and cultural attractions downtown. Meta is planning to leave some of its office space in San Francisco. PayPal left its office in San Francisco this summer.
☆ Hong Kong Media Tycoon Jimmy Lai Gets Another Jail Term After Fraud Conviction
  + stars: | 2022-12-10 | by ( Austin Ramzy | ) www.wsj.com   time to read: 1 min
HONG KONG— Jimmy Lai , the staunchly pro-democracy Hong Kong media tycoon, was sentenced by a Hong Kong court Saturday to more than five years in prison for fraud over a sublease at the former headquarters of his media company. Mr. Lai, whose widely read publications were some of the most aggressive critics of China’s Communist Party and its locally appointed leaders, has been one of the chief targets of the crackdown that followed mass antigovernment protests that swept the city in 2019.
☆ The Logistics and Supply-Chain Slowdown Has Begun. Here’s How to Take Advantage.
  + stars: | 2022-11-27 | by ( Paul Page | C.H. Robinson Worldwide Ceo Bob Biesterfeld | ) www.wsj.com   time to read: +6 min
After the pandemic-driven surge in consumer demand that triggered a frenzy of shipping activity and skyrocketing prices, logistics and transportation companies are signaling a fast slowdown. The weekly Shanghai Containerized Freight Index, which measures shipping prices out of China, recently dropped to $1,443.29, about one-third the level it hit in early June. The jaw-dropping declines also measure the spot market prices. Most freight business moves on contract rates, and those long-term prices haven’t fallen nearly as fast as the spot market. Here are some tips for logistics and supply-chain managers to take advantage of a changing market.
☆ KKR is canceling its plans for a big new Manhattan office. It joins Meta, Netflix, and other big firms pulling back on office space.
  + stars: | 2022-11-22 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +6 min
Two senior leasing executives in Los Angeles told Insider that Meta just canceled its plans to expand by 300,000 square feet in the city. KKR's decision comes as New York City's office market flagsTenants who are on the fence about taking space have little incentive to rush to commit to deals as the city's office market continues to soften. Leasing activity in Manhattan totaled 20.27 million square feet through October, according to CBRE, 38% more than the same period last year. Leasing is on track to finish the year well below prepandemic activity in 2018 and 2019, when 32.4 million and 31.6 million square feet were leased respectively in total. Cushman & Wakefield data showed there was over 21 million square feet of sublease space available in Manhattan in September.
☆ My wife and I made $407,000 in revenue last year on Airbnb. Here's how we used rental arbitrage to scale to 10 units in 4 years.
  + stars: | 2022-07-20 | by ( Robin Madell | ) www.businessinsider.com   time to read: +10 min
Zev Forrest runs 10 Airbnb properties in Southern California with his wife, Melissa. Forrest runs several Airbnbs with his wife, Melissa Forrest, 33. Insider has verified their business' 2021 profit and 2022 sales revenue to date with documentation. My wife and I run an Airbnb business together. We make on average about $35,000 in gross revenue a month and have 10 properties, all in Southern California. When we started, we also would look for cheap used furniture online, but this took longer and wasn't reliable.
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