Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Sam Zell recently stated: “The real estate cycle is nearing its end” (Pensions & Investments, May 1, 2017). We must admit that Sam had great timing when he sold his Equity Office REIT to Blackstone in 2007 which was the peak of the last cycle.
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.
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.
Annually, Forbes releases its top cities for job growth and it is a comprehensive list of which locations in the United States are seeing the more growth. Not surprisingly in 2016 California continues to dominate the list as the Silicon Valley area continues to grow as technology companies continue to develop and grow even larger.
Ever wonder where to go to find a shiny, brand new apartment complex? Multi-family construction is booming all over the US, and is continuing on trends that began years ago, and have been increasing, believe it or not. These five cities are some of the largest in the current iteration of the boom!
Recent years have seen a boost in repurposing projects for underutilized industrial properties around the country. This has positive effects on areas that had become urban “dead zones,” breathing new life into disused neighborhoods.
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.
Whether your property is a vacation home or a multi-family investment property, it’s likely that you will not be managing the day-to-day details yourself. Finding the right property manager can have a big impact on how your property retains its value, as well as how many headaches it may cause you.