Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
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.
Lost in the headlines about Amazon acquiring hundreds of Whole Foods stores last year was the company’s announcement of a big search for a new second headquarters – although everyone in CRE was paying attention.
According to industry insider Tasting Tables, the industrial fad is fading. Instead of steel beams and concrete slabs, a big restaurant trend taking over the market is the move to more cozy interior designs. That’s just one trend that is reversing or changing.
The UNCTAD is behind an initiative to promote sustainable development in every U.N. member state. Its stated goals also include initiatives to significantly increase sustainable industrialization in lesser developed countries (LDCs) by raising their share of GDP and industry share over the next 12 years.
Silicon Valley has dominated the tech scene from the beginning, but now, other cities are fast becoming tech cities. These cities offer low living and commercial space costs for a fraction of the costs in traditional tech cities. They are attracting the millennial workforce to their blooming tech startup cultures.
Continuing on last year’s success, the industrial market is still facing ever-tightening space on the coasts and in city hubs all across the country. Mainly spurred by the logistical challenges e-commerce creates, the market shrinks.
For decades, large department stores served as the anchor store for malls and shopping centers. The anchor is the main attraction, while all of the other retail shops inside of the mall pay the majority of the lease. Without the anchor, the mall dies. Could grocery stores replace department stores as our era's new “mall”?
Coldwell Banker Commercial Affiliates announced its 2017 year-end award recipients in numerous company, office, and affiliated professional categories. The award winners were announced at the 2018 Coldwell Banker Commercial Global Conference in Orlando, Florida.
Reuters reported at the end of last year's third quarter that the office vacancy rate had remained flat at around 16% for three straight quarters. Experts have predicted that the office market will continue to remain generally flat throughout 2018. Yet despite those numbers, some cities are really thriving.