Monday Market Update- July 8th, 2024

Monday Market Update – July 8, 2024

From the Desk of Amy Calandrino at Beyond Commercial

This week in commercial real estate and beyond, we’re looking at significant developments affecting our industry from global supply chain challenges to local zoning changes, and an exciting update from our office.

National News: Global Supply Chain Adjustments
Recent insights reveal that the global supply chain continues to adapt in the aftermath of COVID-19, with companies increasing their inventory levels significantly more than initially planned. Businesses have largely focused on bolstering their inventories rather than diversifying supply bases or regionalizing production, despite original intentions to balance these strategies. As a result, certain industries like healthcare have led in resilience by regionalizing supply chains, while others lag behind due to structural challenges and the complexities of finding suitable suppliers for localization efforts. This strategic pivot impacts commercial real estate, especially in warehousing and industrial sectors, as increased inventory levels require more storage space and sophisticated logistics solutions. For a detailed understanding, visit [McKinsey’s Report](https://www.mckinsey.com/business-functions/operations/our-insights/how-covid-19-is-reshaping-supply-chains).

Local Spotlight: Orange County Zoning Code Update
Back home, Orange County has implemented a comprehensive refresh of its zoning code. This update could significantly influence development patterns, providing more flexibility and potentially boosting property values in targeted areas. Commercial real estate developers and investors should consider how these changes could open up new opportunities or affect existing properties. To explore the new zoning code details, check out [Orange County’s Planning and Development page]

Office News: Launch of ‘Mindset Makeover’ Blog
I’m thrilled to announce the launch of my new blog, ‘Mindset Makeover,’ on the Beyond Commercial website. This blog aims to empower real estate professionals and business leaders alike with insights and strategies to enhance their performance mindset in this ever-evolving industry. Expect practical advice, personal reflections, and expert interviews that inspire and educate. Dive into the first post and join the conversation at [Mindset Makeover]

Stay tuned for further updates on these developments and how they might influence your commercial real estate decisions. For more immediate insights and personal consultations, feel free to contact us at Beyond Commercial.