Commercial & Tech Growth

RIVERSIDE BAYSIDE – Global tech leader xProperty has finalized a lease for a 500,000-square-foot campus at the newly developed Arches Waterfront. The move is expected to bring over 8,500 high-income tech professionals to the area by Q4 of next year.

This massive influx of corporate talent is already triggering a supply-side crunch in the luxury rental market. Local developers report that pre-leasing for nearby luxury condominiums has hit record highs, as the "Nexus Effect" begins to drive up demand for premium housing and boutique retail spaces.

• Investor Takeaway: The immediate surrounding area is seeing a rapid shift from industrial-light to high-end lifestyle hubs. Yields for short-term corporate rentals are expected to outperform the general market by 8% annually.

• Key Asset Class: Luxury condos, serviced apartments, and "Class A" retail storefronts.