Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
With new stadiums being built across the United States, now’s an exciting time to be a sports fan. Over the years, the nature of new stadiums has changed. Some are committed to sustainability and going green, while others aim to provide an all-around entertainment experience.
Coldwell Banker Commercial NRT is proud to announce that commercial sales associate Eric Sackler has been named 2017 REALTOR® of the Year – Commercial by the NATIONAL ASSOCIATION OF REALTORS®.
Coldwell Banker Commercial Affiliates recently conducted an online survey by Harris Poll to explore current shopper preferences and trends and determine the actual state of commercial real estate today. According to the survey, nearly half (47 percent) of U.S. adults surveyed prefer in-store purchases over online shopping.
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.
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.
Survey reveals 63% of U.S. employees believe their office space could be better utilized, highlighting the importance of smart office configurations and popular amenities like ample parking and outdoor lounges.
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.