The CRE industry has benefited greatly in recent years from the work of tech startups that focus on supporting it. Industry professionals are more efficient, informed, and better able to recognize and act on opportunity than ever, thanks to CRE platforms and apps.
Coldwell Banker Commercial is honored to have a large team of affiliates representing the CBC name all across the nation. Whether helping their clients with their commercial real estate needs or sharing hyper local information on their specialized areas of service, these Coldwell Banker Commercial firms are making a splash on social media and bringing the best of commercial real estate news to their spheres.
College towns are a breed apart, and they can present unique investment opportunities when some key factors are aligned. In some of these markets, rental yields can be as high as 14%, so they’re a smart choice for investors. The demographics in a college town help create this favorable environment for rental property. There are several major advantages to owning rental property in college towns.
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.
Fred Schmidt, CBC President & COO, recently commented on brick-and-mortar retail for a feature story in Racked. The story, titled “The Internet Isn’t Killing Malls – Better Malls Are”, explores how retailers and malls that offer amenities, high-end stores and experiences are beating out traditional shopping malls.
The last couple of years have seen growing participation in the U.S. commercial market by international investors. This can be attributed in part to the relative strength of the U.S economy, and the transparency of transactions here. Foreign investors, including sovereign funds, which have large amounts of capital to park in a safe place, are attracted by low interest rates and favorable spreads. Capital preservation and higher yields are the main draw for international buyers to the U.S. market.
You’ve seen the signs. In most every city in the country, a new type of fitness facility has been cropping up offering specialized services. The boutique fitness concept is a major trend, and has an impact on the CRE market.
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. This trend is expected to continue, with estimates for retail construction growth coming in at 9% (120msf) for 2016. The added value will be about 10% ($20 billion).
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.