The Best Location for a Ghost Kitchen is Not Where You Think
Once the pandemic subsidies, food halls make a lot of sense for ghost kitchens. Quote by Jonathan Needell |...
April 2, 2020
Social distancing may not end the moment that government restrictions are lifted. In fact, this pandemic could spark long-term cultural shifts in the way that we interact with one another. For commercial real estate, that may mean struggles for some asset classes or even sub asset classes, like co-working. Co-working is dense, by definition, and people might be weary of shared spaces following this health crisis.
“Co-working has finally seen something that is going to really hurt from a demand perspective because you are not allowed to aggregate the thing that people like about co-working,” Jonathan Needell, president and chief investment officer at KIMC, tells GlobeSt.com. “That will cause some vacancy, and development will come off of its timeline for a lot of deals. Ultimately, you will see vacancy in office because of that.”
Retail is another asset classes that may see a lasting impact. Retail was already struggling to compete with online shopping, but this health crisis may accelerate that trend and gain new online shoppers. “Retail is a similar story, particularly for the small shop owners, fitness centers and restaurants,” says Needell. “Those will be tenants that landlords have to address in a pretty significant fashion. Unlike an apartment, the turn costs are much higher in retail. Potentially, the fact that we have had problematic retail for some time will accelerate the demise of retail that will happen in this coming recession.”
It isn’t all bad news. Needell says that multifamily and industrial are both well positioned to weather the storm. “I think the asset classes to perform well here are industrial and multifamily compared to everything else,” he says. “Look at the other sectors and what they represent with regard to risk.”
Once the pandemic subsidies, food halls make a lot of sense for ghost kitchens. Quote by Jonathan Needell |...
REBusiness Online January 14, 2022 With rental rates surging in the past year — asking rents were up by...
Demand for studio space is high, but pitfalls remain for raising the sector to new heights Quote by Jonathan...
WealthManagement June 13, 2023 Across the U.S., apartment investors who paying floating-rate construction or bridge loans are now struggling...
The property is located close to The Strip and downtown Las Vegas Yield PRO November 18, 2021 Kairos Investment...
There are a number of sectors and subsectors that can look forward to recovery. Others, not so much. Quote...
IREOC March 7, 2023 Kairos Investment Management Co. (KIMC) has partnered with Harbor Associates to acquire a class A 12-story...
Vigour Times September 17, 2023 Briana Succop has been appointed as the new senior investment director at Kairos Investment...
18101 Von Karman, Suite 1100
Irvine, CA 92612
(949) 709-8888
(949) 800-8500
investorreporting@kimc.com
Copyright © 2024 Kairos Investment Management Company | Disclosures
Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/
You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/