After underperforming in 2019, the lodging and resort REIT sector is on a similar track in the first few weeks of 2020, according to Evercore ISI managing director Rich Hightower.
In the latest edition of the Nareit REIT Report podcast, Hightower said he expects no more than a 1-2% increase in room night demand in 2020. Supply, meanwhile, is increasing at a 2-2 ½% range, and more so in some of the urban markets.
The pros and cons of standing desks are well-documented. If you’re in San Diego and don’t want to sit in front of a screen all day, here are the best coworking spaces with standing desks for you to choose from:
550 West B Street 4th Floor, San Diego, CA 92101
San Diego is one of the top cities of startups and Downtown Works attracts some of the city’s brightest entrepreneurs. This coworking space is open 24/7 to members and has a pet policy if you want to bring your four-legged friend to work.
You can choose from a range of amenities, including an on-site mini-market, roof-top deck with views of the bay, video conferencing facilities, a soundproof podcast room, and extra-large phone booths. Prices start from just $55 per month with the basic plan.
1223 Cleveland Ave #200, San Diego, CA 92103
Under its shared desk membership, UGather Cowork lets you work at any desk (standing or sitting) in its main area, which, incidentally, is a beautifully designed loft space.
Costing $325 per month, a shared desk membership includes 24/7 access to the space, three hours of access to a meeting room, conference room or podcast room, and the space’s exclusive events. You can also hire out its main event space (holding 40 people – standing) and small space for up to 20 people.
101 West Broadway Suite 300, San Diego, CA 92101
Located in the heart of Downtown San Diego, this 20,000+ square foot space is just minutes away from the city’s international airport. It features a coworking space, virtual office amenities, and meeting rooms for rent.
If you want to use this space as a day office, there are no setup fees, no deposit is required, and walk-ins are accepted. You’ll also get free internet access and refreshments.
1111 Sixth Avenue, San Diego, CA 92101
Situated in the city’s Financial District, this historic building offers all the modern conveniences, including fiber internet, wifi, espresso bar, local beer on tap, a rooftop deck, and, of course, standing desks.
Novel Coworking space covers six floors including both private offices and office suites, which can accommodate teams of up to 20 people. The rent is all-inclusive so you don’t have to pay any additional fees for 24/7 access and other utilities and taxes.
4660 La Jolla Village Drive Suites 100 & 200, San Diego, CA 92122
This creative space is just minutes away from the University of California San Diego campus. With three meeting rooms, super-fast wifi, and 14 dedicated desks, this aesthetically pleasing space has a selection of outdoor lounge areas and is near to some of the city’s best shopping malls and restaurants.
This space also houses a highly dynamic social scene with a range of local networking events available for free to members. So, you may not want to sit down anyway!
On January 17—in what is slated to be one of the biggest deals ever in Wyoming commercial real estate—the Virginian Lodge was listed on the market for $60 million.
Located at the foot of East Gros Ventre Butte, the property covers nearly 13 acres. Built in the mid-1960s, the lot was initially outside of town. But, as the city of Jackson has grown, the Virginian Lodge is now at the center of town life, with excellent accessibility ensured by roads on three sides. The offering includes:
- A 103-space recreational vehicle park
- A 95,000-square-foot, 170-key traditional style lodge, which includes one of the largest swimming pools in town
- The Virginian Restaurant, operated under a lease
- A liquor store and liquor license for the Virginian Bar, which has its own food operation
- A convention center that can accommodate up to 370 people
- 442 feet of frontage along West Broadway, which is among the best storefront opportunities in town
According to Jackson Hole News and Guide, the property’s rather unique development possibilities make it an extra special investment. By local zoning happenstance, the five-acre recreational vehicle park could hold some buildings of up to four stories—which is rare for Jackson, to say the least. The local paper cited preliminary estimates that put potential development on the Snow King Avenue part of the lot at around 90,000 square feet. Moreover, the West Broadway-facing side of the lot could be home to up to 130,000 square feet of space.
The current owner has operated the prominent local business for more than 50 years. Last December, the family tentatively discussed the possibility of selling just the RV park part of the property, which sparked ideas for developing housing that could serve the working locals who keep the town running day in and day out. Greg Prugh of Prugh Real Estate represents the seller and has stated that the owner plans to accept offers on the property through March 2, after which point they will evaluate options and determine the next course from there.