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Despite Blackstone’s heavy investments in real estate, Gray said at the time that U.S. offices account for only about 2% of Blackstone’s real estate equity portfolio.
Per a recent report from real estate consulting firm JLL, bosses have mandated a return (at least some days per week) for 1.5 million workers, and another million are set to be given the same ...
To his point, the commercial real estate loan distress rate—or the percentage of loans that have been delinquent for over 30 days—soared 480% from February 2023 to 8.6%, signaling more capital ...
A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
Usually, a fly-in fly-out job involves working a long shift (e.g., 12 hours each day) for a number of continuous days with all days off spent at home rather than at the work site. As the employee's work days are almost entirely taken up by working, sleeping, and eating, there is little need for any recreation facilities at the work site.
In 2023, economist and telework expert Nicholas Bloom said about a third of all working days are remote, slashing corporate real estate expenditures, and up from 5% before the pandemic. [33] Bloom believes quickly progressing technology has facilitated and will continue the trend, but drawbacks for some kinds of positions will remain.
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