Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Sustainability is not only a trend that prompts action in multiple facets of the commercial real estate field but also drives and changes the landscape. Investors are paying more attention to sustainability standards for companies and choosing more sustainable properties in various ways.
As the name implies, a dockless bike share is a bike-sharing program that doesn’t require a stationary docking station. With a dockless system, these bikes can be parked within a defined perimeter at a bike rack or even along the street on the sidewalk.
It has been said that it is only a matter of time before blockchain, the proprietary technology that supports cryptocurrencies such as Bitcoin, will begin to infiltrate industries worldwide. Believe it or not, even historically traditional industries are not immune to the disruption – commercial real estate included.
While senior housing has always been a profitable industry, it has really been able to stand on its own two feet recently as a viable and significant class of real estate – with more and more outside investors jumping on board and adding senior housing to their portfolios.
When unemployment rates increase as high as during the recession, folks rush to enroll in higher education. To improve their marketability and skills or access money while looking for work, universities saw an uptick in foreign and domestic student enrollment in U.S. universities during the economic collapse in 2010.
A full 90% of new multifamily construction today is rentals, according to one study. For the last several years, demand in multifamily has outpaced new construction, causing some places to see huge spikes in rent prices. Still, demand has not slowed, and prices have grown by up to 8% year-over-year.
Fallout from the housing collapse a decade ago resulted in a surge in the renter population–outpacing homeownership for the first time in history. It also marked a return to cities where more walkability with access to public transportation offered a much more affordable lifestyle.
Augmented Reality and Artificial Intelligence (AR and AI) may still be far from standard in CRE, but it’s only a matter of time. High-end firms have already been using these tech tools on a grand scale. Research by Goldman Sachs estimates that by 2025, virtual reality (VR) technology will generate over $2.5 billion in revenue.
Investing in real estate can be a way to earn passive income and increase your wealth. While plenty of investors have success in residential real estate, others make a move to commercial real estate to gain even more money.
For the first time since 2015, pre-leasing levels for student housing didn’t keep pace, dropping 30 points says Axiometrics. Is this a signal that demand for student housing is seeing the first slow down in years?