Fitness and Entertainment for Driving Real Estate Growth

CEO of Brookfield Properties Group Heralds Fitness, Entertainment for Driving Real Estate Growth

CNBC Markets is a prime source for everything real estate related, and they always are doling out the current scoop on all things financial. Last week Sandeep Mathrani was featured speaking about the current positive growth of the real estate sector, which is always great news! For the first quarter of the year, the real estate market was up 16%, and he attributes much of this to the entertainment and retail sectors.

There are those out there that argue about the dining out factor and claim that some people use eating out as a means to escape financial woes. When we look at growing cities such as Phoenix, Austin, and Denver, there are incredibly healthy pockets of growth and the vibrancy in the restaurant scene that signals an uptick all around in spending.

To think about it a little more up close and personal, the snapshot is within the family setting: if you are going to gather up the entire bunch and go check out the new Mexican or burger joint that just opened up, it's a matter of celebration, not really escape. The single young professional who is still allowing themselves the pleasure of their daily coffee may paint a bit different of a picture.

7100 retail store closures were announced by U.S. Retailers so far during 2019, and Sandeep brought up a very important point regarding that issue: double that number are actually opening, and one has to keep in mind that there are winners and losers in every market. Brookfield themselves has seen 146 million total retail space be leased this year, their best ever.

The standing story for the past few years is that even though many are noticing the trend of huge online marketplaces such as Amazon stealing business away from the traditional shopping mall, the fact is that the top quality malls will be fine. Early in the game after the recession, many mall management professionals realized that making the mall a social hub of sorts was quintessential, with food courts and movie theaters being large anchors as they always have been.

This popularity confuses many, as they think that their neighbors are cooking at home more, looking for healthier options, and opting for streaming services such as Netflix on their 4K TV's. While this is true, retailers such as candle and scent stores as well as perfume and high-end clothing are enjoying a resurgence of the “smart-phone generation” supporting their businesses.

Even though home gaming is so popular, current market winners such as Dave and Busters have figured out the risky arcade formula when it seemed no one else could. With a combination of video games with very casual dining, the chain has grown to 128 locations, and become a favorite among various investors.

Job openings for Dave and Busters are sitting at a 6% increase over this time last year, in a sign that the company continues to hire on new team members for their brand-new locations. This chain has been very savvy when it looks up where to grow, and is very well-distributed in both dense and medium-populated areas.

Part of the health in the housing market ultimately is spurned by entrepreneurs and those who choose to operate a franchise. With risk comes reward, and someone getting through the hurdles of credit score and down-payment for a new home may not always be working for an hourly wage.

Since Phoenix is such a hot market, rental rates have risen drastically there over the last few months. It's a great time to buy there, with the abundant sun and recreational activities like golf in a seemingly never-ending supply. Maricopa Homes For Sale provides a large selection of ideal properties for anyone choosing to relocate to the area.

When you are planning to buy or sell, there are many elements of the deal that have always been known to take extra time. You may not want to have showings on weekends, and have loose ends waiting for you on the return side with extended stay options. Dorrmat is an Arizona-based company that goes above and beyond during all elements of the transaction and is prepared to make cash offers for fitting properties.