September 19th, 2016
Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four “corners:” corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!
Virtual and Augmented Reality Will Reshape Retail
“Virtual reality (VR), along with its sister technology augmented reality (AR), offers retailers the opportunity to transform how people shop. One customer might try on shirts without having to travel to the store. Another might order furniture on the spot, confident that it’s right for the house. Applications using either technology stand to eliminate customer pain points, elevate customer service, and create a differentiated, personalized customer experience. The successful incorporation of VR and AR into retail models also has the potential to vastly change the way retailers are thinking about stores of the future.” www.hbr.com
A Glorified Sidewalk, and the Path to Transform Atlanta
“ATLANTA — Could this traffic-clogged Southern city, long derided as the epitome of suburban sprawl, really be discovering its walkable, bike-friendly, density-embracing, streetcar-riding, human-scale soul?
The answer is evident in the outpouring of affection that residents here have showered on the Atlanta BeltLine, which aims to convert 22 miles of mostly disused railway beds circling the city’s urban core into a biking and pedestrian loop, a new streetcar line, and a staggeringly ambitious engine of urban revitalization.” www.nytimes.com
Big-Box Warehouse Sector Breaks Records in Demand, New Construction
“This is happening because of the incredibly fast shift in demand for e-commerce; this has never happened before in the supply chain,” he says. “Absorption continues to outpace new construction, and while some retailers are starting to be able to compete with Amazon, there are others that are just getting started on their e-commerce strategies. Companies are becoming more adept, and investment is shifting away from stores to the distribution centers.” www.nrei.com
Industrial absorption continues to outpace new construction, and while some..are starting to be able to compete with AMZN, there are others that are just getting started on their e-commerce strategies #creClick to tweet
The Free-Time Paradox in America
“The increasingly automatic nature of many jobs, coupled with the shortening work week, seem to be creating parallel tensions, which lead an increasing number of workers to look not to work but to leisure for satisfaction, meaning, expression … Today’s leisure occupations are no longer regarded merely as time fillers; the must, in the opinion of both social worker and psychiatrist, also perform to some extent as emotional buffers.” www.theatlantic.com
Your success blesses others. I wish you a great a hugely impactful week!