Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Major investor groups increase CRE mortgage debt holdings, reports Mortgage Bankers Association.
Google hasn’t just shaped how consumers buy products, who won a basketball game or find out how to get a stimulus check. Increasingly, as the pandemic unfolded, locating a new place to live emerged as one of the most prominent uses of the giant online search tool.
A report by RentCafe shows 2021 was a highly competitive year for renters in many areas as they faced a perfect storm: high demand, low apartment availability and applicants with top-notch credit scores.
If you wondered where all the people moving out of cities’ urban cores are going, the answer is the populace has discovered suburban settings. Recent data from the Census Bureau reveals that American suburban markets are expanding and have experienced a gain of 4.7 million residents between 2010 and 2019.
Currently,140 of the brand’s brokerage professionals have earned the prestigious Certified Commercial Investment Member (CCIM) designation by the CCIM Institute, including three recent inductees: Michael Salik, Virginia “Ginny” Squire, and Rob Thomas.
As most students resume in-person learning this fall, there are several implications for the commercial real estate market. From private schools to higher education institutions, academia is turning a new page after the COVID-19 pandemic forced millions of students into virtual classrooms.
While the pandemic accelerated trends in retail, it upended the strong momentum in the office and hospitality sectors and urban markets. These trends will likely continue in 2021 and reshape what buyers, owners, tenants, and residents may ultimately want to occupy.
During the conversation, Spiegel and McGue addressed the multifamily market as it stood pre-pandemic and what was happening. The first virtual event of its kind featured Daniel Spiegel, Managing Director, and Daniel McGue CBC's top multifamily producer in San Francisco.
Those who fled congested cities during the COVID-19 lockdowns are beginning to return to luxury multifamily buildings. GDP forecasts indicate apartment occupancy rates will return to 2019 levels by the end of the year.
The main anxiety in the student housing sector of CRE is the pandemic’s impact on the 2020-2021 school year’s leasing opportunities. Multiple factors are clouding the outlook for student housing occupancy.