Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Chicago is well known for being nicknamed “the windy city.” Some say it is because of the cold winds coming off Great Lake Michigan. Others say the nickname originated from the residents who allegedly were well-known for being braggarts. Yet, some say the real reason Chicago is the windy city is because of the hot air and tall tales uttered from the mouths of politicians.
When purchasing any commercial property, it is important to know its history and find out if there might be environmental contamination that could impact the property's plans or the occupants. Conducting a Phase 1 Environmental Site Assessment (ESA) is important to thoroughly evaluate a property.
Rural landscapes are changing, and those changes are impacting commercial real estate. Living in a rural community has unique issues, obstacles and benefits when it comes to commercial real estate. The secret is diversification, according to Ben Bates, broker/owner of Coldwell Banker Ben Bates.
Midlife often triggers change. This may mean changing your car to a sporty model, changing your hair to a new color and style, and, on occasion, changing your career. Coldwell Banker Commercial is an ideal landing space for those considering such a move.
Real estate, including commercial, is an entrepreneur’s dream. You get to control your destiny with limitless income and leadership potential. In my opinion, life's greatest freedom and challenge is our time and how we spend it…especially regarding how much of it is given to our business.
2020 marks the start of a new year and, perhaps more excitingly, a new decade. And while economic and real estate cycles do not revolve around the calendar year – aside from any actions resulting from changes in calendar year tax policy – it is still a great time to reflect on what real estate decisions were successful and which may require rethinking in the year(s) ahead.
Changes in one sector substantially impact the whole industry, and this relationship can be observed in the evolving restaurant scene. As the food industry strives to keep up with contemporary consumers, dining trends are physically changing restaurant properties.
Since CRE gives physical shape to the industries around us, it can change the game globally. We’re seeing this happen now in the country’s most popular tech-fueled metros. The commercial real estate industry is rewriting the script for hot spots like San Francisco, San Diego, Phoenix, Los Angeles, and many others.
The global hospitality game is changing fast. As the hotel scene is striving to provide guests with transformative experiences, CRE is paying attention to these 6 hot trends. Keep an eye out for these upcoming hotel evolutions.
The effort to bring Smart Baking Company to Volusia County was led by commercial REALTOR® John Wanamaker of Coldwell Banker Commercial AI Group. Wanamaker worked closely with DeBary Economic Development Director Roger Van Auker, Duke Energy, CareerSource Flagler Volusia and Team Volusia Economic Development Corporation (TVEDC).