Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
The landscape of the real estate market is changing by leaps and bounds. Over the past couple of years, we’ve seen a lot of changes in commercial real estate, from shopping malls across the country abruptly closing down to millennials leaving their suburban communities and flocking to urban centers en masse.
Retail trends have greatly impacted the industrial market for the last few years. Amazon shifted the entire e-commerce industry to lightning-fast shipping, which means that industrial centers and warehouses are being moved to closer-to-the-city locations to handle the load.
Last year, core assets were ranked second highest among investors. This year, secondary metros took that spot. Some argue that the cap rates for core assets and investors looking for assets that produce higher yields are why secondary markets look so much more attractive to investors this year.
For the first time since 2015, pre-leasing levels for student housing didn’t keep pace, dropping 30 points says Axiometrics. Is this a signal that demand for student housing is seeing the first slow down in years?
Retail sentiment is shifting dramatically. Many analysts point to the nearly 10% decline in brick-and-mortar retail since last year as a signal that retail sentiment is down. However, the numbers say consumers are spending and optimistic, while industrial replaced core assets as the second highest-producing markets over the last year.
We recently covered some tips for utilizing social media as a CRE agent and one of those tips was to have a focused message. While it may be easy to come up with your message, it may be difficult to figure out how to consistently convey it without posting the same thing.
In a recently released report from the National Association of Realtors (NAR), one fifth of agents that participated in the survey dealt with a commercial transaction where one side was internationally based. Of these transactions, the most international representation came out of China.
There is a construction labor shortage across the country, which has been increasing over the past several years. While certain markets are feeling the effects more greatly than others, they can still be felt throughout the country. Most notably, it has had major impacts on the markets in the mid-Atlantic region.
There is truth to the belief that there’s a Starbucks on almost every corner. A recent study shows that there are almost four stores per one square mile. With the ubiquity of Starbucks, it is hard to imagine that the company might have reached a saturation point, but it seems that it has come to that point.
With the internet becoming a part of almost everyone’s daily lives, it has quickly become a great resource for helping develop and facilitate the sharing economy. Three ways we currently see this economy are in transportation, vacation rentals, and office sharing.