Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Despite rising popularity of online shopping, nearly all consumers (99%) shopped in a physical store in the past 12 months. New research surveying over 2,000 U.S. adults age 18+, commissioned by CBC and conducted online by The Harris Poll, assessed American preferences surrounding in-store shopping.
In honor of the annual CREW conference, Coldwell Banker Commercial (CBC) facilitated a discussion about what it takes for a woman to build a successful career in the industry. At Realogy, parent company of Coldwell Banker Commercial, women executives make up 25% of the Top 20 Women Leaders on the 2018 Swanepoel Power 200, a leading industry ranking. Coldwell Banker Commercial is a brand with strong women who dominate in their market places, and we were lucky to get a little perspective from some of them this week. We talked with Suzanne Hill from Coldwell Banker Commercial MECA in Charlotte, NC a rising star in the brand; and with CBC top producers Cathy Holmes from Coldwell Banker Commercial Brokers of the Valley in Napa, CA, and Debbie Cowart from Coldwell Banker Commercial Arnold and Associates from Beaumont, TX to find out what it takes to be successful in commercial real estate.
Growing up in a small town on the East Coast, the corner service station was a refuge where the neighborhood kids could congregate and chat over an ice-cold Coke. Our parents trusted the mechanics, the attendants filled their tanks, and everyone knew each other’s names.
Across the United States, there are a number of eyesores that are hard to miss. One of these is the abandonment of shopping malls and other huge “big box” stores that were once industry giants, such as Toys R Us. These types of abandoned buildings are the perfect visual representation of the current shift in the retail landscape.
It wasn’t until 1998 that the railroad was purchased by Upstate Forever, a local nonprofit who launched a campaign for public acquisition of the line to convert it to a trail. Now a 22-mile multiuse greenway, the Swamp Rabbit Trail system stretches from north of Traveler’s Rest through Greenville.
As any commercial real estate professional will tell you, the industry has witnessed several changes, including economic impacts, industry trends, market challenges, and more. When looking at commercial real estate, it is crucial to focus on generational activity and lifestyle trends.
In today’s environment, many markets are experiencing rising downtown office vacancy and changing tenant preferences and demands. As such, landlords and building owners have to think outside the box regarding strategies they can implement to help fill space and keep their buildings occupied.
Watching the latest season of Stranger Things, one cannot help but reminisce about the mall in its glory days. In the 1980s, the mall did to Main Street what the internet has done to almost all brick-and-mortar. All too familiar eye-grabbing headlines have now become commonplace when reading about today’s retail climate.
This program, which focuses on certain low-income communities known as Opportunity Zones, is designed to help spur economic development and growth in otherwise distressed areas by enabling savvy real estate investors to delay taxation on capital gains until December 31, 2026.
These days, we’re expected to be constantly connected to our office and projects, and the number of remote workers is increasing. Therefore, staying connected to our “desks” while we’re on the go or working away from the traditional office space is ultra-important.