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By Altus Group | July 31, 2020

Property values, adaptive reuse, and parking lots

In the month of July, Propmodo, a global multimedia effort to explore how emerging technologies affect our built environment, published a number of articles exploring retail in the pandemic economy. Pauline Hale, Senior Director in Altus Group’s global advisory practice, spoke with Propmodo, providing insights on trends in the current use of retail spaces.

Will the Pandemic Change How Retail Properties Are Valued?

July 11, 2020

About a month ago, I heard through the grapevine that a well known real estate investment firm was “marking all of its retail properties to zero,” essentially, claiming they were worth nothing. My first thought was, “How could physical property and land be worth nothing?” 

Can Adaptive Reuse Save America’s Malls?

July 15, 2020

What is the most common reason to get in the car and start driving on any given day of the week? Depending on where you’re from, the obvious answer might be commuting to work. Surprisingly, though, this is not the case. According to the Department of Transportation as of 2017, 41 percent of daily trips are for shopping and errands, 27 percent are for social or recreational travel, and fifteen percent are for commuting. 
[Read full article]

What to Do With Our Overabundance of Parking Lots

July 21, 2020

They’re in your hometown, they’re huge, and they’re extremely dangerous. No, they aren’t monsters or shadowy organized crime syndicates, they’re parking lots. Across the country, there are as many as two billion parking spaces occupying vast swathes of our cities, suburbs and countrysides. 
[Read full article]

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