Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Rural landscapes are changing, and those changes are impacting commercial real estate. Living in a rural community has its own set of unique issues, obstacles and benefits when it comes to commercial real estate. The secret is diversification, according to Ben Bates, broker/owner of Coldwell Banker Ben Bates.
In today’s environment, many markets are experiencing rising downtown office vacancy coupled with changing tenant preferences and demands. As such, landlords and building owners are having to think outside the box when it comes to strategies they can implement to help fill space and keep their buildings occupied.
The demand for warehouse space is at an all-time high. In fact, according to the U.S. Bureau of Labor, over 2,000 warehouses have been added to the market since 2008. And, the total number of warehouses and storage spaces in the U.S. has almost reached 20,000 establishments.
If you’ve chosen commercial real estate as your career path, then you know it can be an extremely time-consuming, and competitive, while also being profitable and rewarding. You have to be a self-motivated individual while still knowing how to be a major team player. So, what can you do to make your day flow as seamlessly as possible? How can you organize yourself so that you can focus on making and closing deals and getting the most out of your profession?
5G seems to be the hot buzzword currently when talking about technology, but what exactly does 5G mean? And, how will it impact commercial real estate?
Big data analysis and applied data science techniques being applied to databases (both public and private) is certainly nothing new, but its applied use in the commercial real estate space is. Commercial real estate is a huge industry – $12 trillion, to be exact – so the ability to make a better decision through data can save both time and money for everyone involved.
Every industry has its own lingo, but there are some fields that really have a lot of jargon – and commercial real estate is definitely one of those fields. If you don’t have a background in CRE or CRE experience, it’s easy to feel overwhelmed. In talking to new CRE professionals, we hear this expressed over and over, so we thought it would be a good time to share 10 of the most common terms in commercial real estate that everyone should know.
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 all around the world. And, believe it or not, even historically traditional industries are not immune to the disruption – commercial real estate included.
You’ve just won a listing for a commercial property — congratulations! Now, the real work of commercial real estate marketing begins. The task of selling or leasing a commercial property for the highest price can be challenging, to say the least. Even in a hot market, it’s essential to use the latest strategies and techniques to keep your client happy and to gain recognition in an often-saturated market.
The smell of warm baked cookies may help you sell your house, but not your commercial property.