Biden’s building plans, Austin nears Seattle for millennial crown, COVID-19 risk by business, restaurants and leases, and guaranteeing rent, for a price.
In Today’s News
Biden Building Upgrade Plan Would Bring Surge in Jobs, Regulations
This Bisnow article lays out how a Biden administration would likely create a heavier regulatory burden on developers than the Trump administration, but that it also could be an opportunity for CRE to reinvent itself, including retrofitting some 4 million buildings across the country.
Why it matters: Someone’s going to win this election, and who does is going to make a big difference in how environmental and safety rules are promulgated and enforced.
Austin Challenges Seattle for the Title of Top Hot Spot for Millennial Renters
In fact, Texas has three of the top five markets by that measure, according to a new study from RentCafe.
Why it matters: Just thinking out loud here, but consider the long-term impact the influx of factory jobs had on industrial cities like Detroit and Cleveland a century ago. Millennials by the millions moving into these new techie magnets could drive housing growth in these markets for years to come. (Does silicon rust?)
Ranking Spaces By Their COVID-19 Risk
National Real Estate Investor takes the latest intel on how the virus spreads and looks at what businesses present the greatest risk of catching the deadly bug.
Why it matters: You probably don’t own an NFL stadium or an NBA arena, but the leaders on this list are mainstays of many a CRE portfolio.
Today on Millionacres
Should You Let Your Restaurant Tenants Break Their Leases?
Restaurants are among the business segments hit hardest by the pandemic, but it’s no picnic out there for the property owner faced with the dilemma of what to do when the tenant wants out to try to save the business elsewhere.
Why it matters: Real estate is a very local business, and Millionacres’ Maurie Backman points out that the goodwill garnered by a generous gesture could go a long way toward generating new tenants from the word-of-mouth world around you.
What Investors Need to Know about Zumper‘s Rent Guarantee Program
Rental listing platform Zumper is offering investors guaranteed rent payments even if tenants don’t pay up themselves.
Why it matters: Millionacres’ Aly Yale shares details of the new program, which collects part of your rent as its share for the guarantee, and she lists some alternatives for landlords who want similar protection at perhaps a lower price.