Actual Property & Development Information Spherical-Up (12/07/22) – House Gross sales, EV Charging Infrastructure, and Workplace Occupancy

This week’s round-up explores reducing dwelling gross sales, electrical car charging stations, workplace occupancy ranges, and extra.

  • With dwelling gross sales dropping and extra consumers abandoning their plans, forecasters have hardly ever disagreed as a lot as they’re now concerning the place the housing market goes subsequent. (Nicole Friedman, Nick Timiraos, The Wall Road Journal)
  • Contractors and building expertise corporations are watching as expert staff search for new jobs in a turbulent financial system. (Matthew Thibault, Development Dive)
  • The power to conveniently cost electrical autos away from dwelling is a high concern for a lot of homeowners, indicating the robust want for an in depth and dependable exterior charging infrastructure. (Robert Charette, IEEE Spectrum)
  • Industrial actual property buyers exit offers as rates of interest rise and considerations of a possible recession flip workplace properties into “zombies.” (Sam Heller, Investopedia)
  • A just lately revealed infographic by Bloomberg Legislation showcases how the UK makes use of its land, an space solely barely bigger than half of California, to navigate the property market and net-zero commitments. (Nicholas Larkin, Hayley Warren and Tim Coulter, Bloomberg Legislation)
  • Abandoned downtowns have been affecting U.S. cities for the reason that starting of the pandemic, with workplace occupancy ranges dropping from 95% to 47% over the previous few years. (Emil Skandul, Enterprise Insider)

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