Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
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.
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 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).
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.
According to the U.S. Green Building Council, “green building is the practice of designing, constructing and operating buildings to maximize occupant health and productivity, use fewer resources, reduce waste and negative environmental impacts, and decrease life-cycle costs.”
The demand for warehouse space is at an all-time high. In fact, according to the U.S. Bureau of Labor, over 2,000 warehouses have been added to the market since 2008. And, the total number of warehouses and storage spaces in the U.S. has almost reached 20,000 establishments.
You’ve likely read about, heard about, or encountered the word — PropTech. These days, PropTech is one of the biggest buzzwords in commercial real estate. But how much do you actually know about PropTech? In this article, we’ll dive into PropTech and the relevant information about the term.
In today’s business climate, accurate and relevant information is crucial for commercial real estate investing success. You could be in real trouble if you don’t know the local market. Despite this fact, commercial real estate is a sector favorite among investors, with its relatively strong returns with only minimal to moderate risk.
Given the state of today’s climate, we, as commercial real estate professionals, are at the forefront of climate change risk brought on by greenhouse gas emissions. As such, we owe it to ourselves and our future generations to reduce the impact of our properties — and help out of clients, in the process.
Coldwell Banker Commercial agents had a great start to the new year. To help celebrate their accomplishments, we are highlighting just a few of the top deals closed by Coldwell Banker Commercial agents this past January.