Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
You’ve likely read about, heard about, or encountered the word — PropTech. These days, PropTech is one of the biggest buzzwords in commercial real estate. But how much do you actually know about PropTech? In this article, we’ll dive into PropTech and the relevant information about the term.
Given the state of today’s climate, we, as commercial real estate professionals, are at the forefront of climate change risk brought on by greenhouse gas emissions. As such, we owe it to ourselves and our future generations to reduce the impact of our properties — and help out of clients, in the process.
The major up-and-coming tech trends will create a better tenant experience. As some property managers and management companies have already implemented these trends, they are projected to continue to advance as the future of tech develops.
Sustainability is not only a trend that prompts action in multiple facets of the commercial real estate field but also drives and changes the landscape. Investors are paying more attention to sustainability standards for companies and choosing more sustainable properties in various ways.
If you spend any time at all in the commercial real estate world, you’ve probably heard and seen terms like green, clean energy and sustainability all over the place. But are you really sure about what these terms mean, or how they’re applied?
For years, modern and flexible office spaces were the stomping grounds of small, boutique startups and the self-employed creative types. And, while those groups still play a large role in the market, larger and more traditional companies are now beginning to see the benefits of flexible office spaces.
As the name implies, a dockless bike share is a bike-sharing program that doesn’t require a stationary docking station. With a dockless system, these bikes can be parked within a defined perimeter at a bike rack or even along the street on the sidewalk.
A full 90% of new multifamily construction today is rentals, according to one study. For the last several years, demand in multifamily has outpaced new construction, causing some places to see huge spikes in rent prices. Still, demand has not slowed, and prices have grown by up to 8% year-over-year.
Historically, commercial real estate has been a field that’s a little slower to change. It’s a field that requires industry professionals to build connections and hold negotiations. But in today’s market, smart technology has become more than helpful – it’s become an asset.
As the future of transportation and city development changes rapidly, developers are reevaluating the demand for parking in retail, office, and multi-tenant spaces. The lack of ample parking has been a reality for people living and working in densely populated areas like San Francisco and New York City.