Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Uber has exploded and become a ubiquitous transportation service in almost every metropolis and throughout the country. The company utilizes the sharing economy by allowing any individual to sign up and use their own vehicle, like a taxi. Other industries are starting to utilize the sharing economy as well.
Going green is more than just a trend now but what options there are to go green has seen incredible changes throughout the last few years. While small changes can help your lifestyle to be greener there are large changes as well that can be made not only by individuals in their lives but also large companies and developers.
Typically, warehouses are expansive one-level buildings surrounded by other warehouses. With different factors having an impact on the logistics industry, one exciting thing to look at from a commercial real estate perspective is the warehouses that are going vertical.
The task of selling or leasing a commercial property for the highest price can be challenging, to say the least. Even in a hot market, it’s essential to use the latest strategies and techniques to keep your client happy and to gain recognition in an often-saturated market.
The name 18-hour city derives from the idea that these cities are not operational 24 hours a day like larger cities such as New York City and Los Angeles. The rise in popularity among these cities is due to multiple factors, all of which can benefit investors as well as residents.
Electric vehicles are becoming more prevalent as Tesla and other car manufacturers continue to change the auto industry. Another industry that has this impact is the commercial real estate industry, as owners of these vehicles need places to plug in instead of stopping at gas stations to fuel up.
Some businesses are incredibly seasonal. Ice cream shops or retail shops in resort areas, for example, depend heavily on the revenue they generate in the summer months. Securing a good lease for these months can help greatly contribute to the success of your business's small window during the year.
The retail landscape has been changing for quite some time with the largest impact coming from online retailers and more purchases being made on the internet. In fact, in just the 3 years between 2010 and 2013 the number of store visits dropped from 34 billion visits to 17.6 billion visits according to Elite Wealth Management.
In the ultra-competitive luxury multifamily market, developers are doing everything they can to attract top-tier tenants. Many buildings are now including top-of-the-line amenities, many of which were practically unheard of just a few years ago.
No matter what industry you are in, a lease can be a critical part of your business. It not only adds to your overhead expenses, it can also be the cornerstone to any facilities that you may operate in. With that in mind, it is incredibly important to make sure you have terms that are favorable to your business in the lease.