Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Ever wonder where to go to find a shiny, brand new apartment complex? Multi-family construction is booming all over the US, and is continuing on trends that began years ago, and have been increasing, believe it or not. These five cities are some of the largest in the current iteration of the boom!
Recent years have seen a boost in repurposing projects for underutilized industrial properties around the country. This has positive effects on areas that had become urban “dead zones,” breathing new life into disused neighborhoods.
The last couple of years have seen growing participation in the U.S. commercial market by international investors. This can be attributed in part to the relative strength of the U.S economy, and the transparency of transactions here.
You’ve seen the signs. In most every city in the country, a new type of fitness facility has been cropping up offering specialized services. The boutique fitness concept is a major trend, and has an impact on the CRE market.
Retail construction is leading all other property types, growing nearly 25% in 2015 over the previous year. The hard-hit retail sector is coming around, and a large portion of the building going on in retail is renovation rather than new construction.
The U.S. population saw overall growth of 9.7% in the years between 2000 and 2010, but growth in urban areas was higher, at 12.1%. Urbanization is a significant feature of growth around the world, and has considerable impact on commercial real estate.
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.
In choosing commercial space, location still reigns as the prime consideration, but increasingly the facility’s connectivity is very high on the list as well. For tenants like tech startups in particular, having a connected workplace is paramount.