Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
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.
As the landscape seems to shift beneath the feet of retail, developers are finding innovative ways to bring consumers and retail together. An idea that is gathering momentum in many cities is what’s known as Transit-Oriented Development.
More and more professional services firms are focusing on the needs of their employees rather than on what executives want when it come to the workplace. This is a useful strategy for attracting and retaining top talent, and it’s changing the way that those firms choose office space.
Coworking has really just been around for about a decade, and it’s already cutting its hair and putting on a tie. The practice was born in the start-up culture, favored by entrepreneurs, freelancers, and independent innovators.
“Millennials” may rank as one of the most-used words in the English language in recent months, but it’s for good reason. This generation, born roughly between 1980 and 2000, make up more than one-third of the U.S. population, making them easily the country’s largest demographic.