Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Electric vehicles are becoming more prevalent as Tesla and other car manufacturers continue to change the auto industry. Another industry that has this impact is the commercial real estate industry, as owners of these vehicles need places to plug in instead of stopping at gas stations to fuel up.
In the ultra-competitive luxury multifamily market, developers are doing everything they can to attract top-tier tenants. Many buildings are now including top-of-the-line amenities, many of which were practically unheard of just a few years ago.
As the world becomes more connected through the internet of things and everything becomes “smart” it helps to bring more convenience to everyday lives but it can also lead to more avenues for outside parties to obtain personal information or perform cyber-attacks.
If you are looking to lease your commercial property, here are some low-cost suggestions from the CBC organization to help prepare your property. Many of the suggestions will seem like common sense, but you would be surprised at how many of these are often overlooked.
Discover effective strategies for tenant retention, from communication to property improvements, to ensure a thriving and satisfied tenant community.
Obtaining new tenants can be a costly affair for landlords. If tenants are dissatisfied, given today’s market, they can easily seek new space. It is always the preferred option to retain good tenants – those who pay their rent on time and cause little or no problems.
Whether your property is a vacation home or a multi-family investment property, it’s likely that you will not be managing the day-to-day details yourself. Finding the right property manager can have a big impact on how your property retains its value, as well as how many headaches it may cause you.