Viewpoints

Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell Banker Commercial brand.

Multifamily
Sep 19, 2023

Latest Viewpoints

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  • CRE with CBCworldwide, The Coldwell Banker Commercial Podcast.
    Podcasts

    Board of Advisors Series - Bob Fredrickson

    Sep 19, 2023

    The second in our "Beyond the Bricks and Mortar" series with our Board of Advisors. We are joined by Bob Fredrickson, President of CBC Danforth in Washington State. Bob digs deep into the idea that Simplicity is genius in CRE. He talks about his approach to the business, how a new agent can find success early, and how seasoned agents can earn more business. Focusing on relatinonships and shifting your focus from what you have always done, to where the opportunity will be 2 years from now. A true professional in the field, tune in to hear Bob's wisdom and tactics to grow your business and skill.

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  • CRE with CBCworldwide, The Coldwell Banker Commercial Podcast.
    News

    Coldwell Banker Commercial Danforth Finalizes $14.7M Sale of Industrial Park in Washington

    Sep 13, 2023

    EVERETT, WASH. (Sept. 13, 2023) – Coldwell Banker Commercial Danforth recently completed the $14.7 million sale of an industrial park in Everett, Wash. The brokerage represented buyer Mina Properties VIII, one of its long-term investor clients. The seller was BFS Operations LLC.Occupying 31.6 acres at 3200 35th Ave. NE, the park consists of four buildings totaling 94,000 square feet. With easy access to both I-5 and SR 529, the location provides easy access to ports, cities, and towns along the I-5 corridor, only nine minutes from downtown Everett and 38 miles from Seattle.Broker Michael Fear said that Mina Properties VIII intends to maintain the property as a multi-tenant investment. The seller was BFS Operations LLC.“This property went into contract quickly after listing, with multiple local and national prospective buyers,” said Fear. “The size and proximity to a strong industrial market with highway, port, and railroad access made this property desirable.”For further information, contact commercial broker Michael Fear at mikef@medwardscre.com | 206-755-8856, or Bob Fredrickson, CCIM, president of Coldwell Banker Commercial Danforth, at bfredrickson@cbcworldwide.com | 206-595-7232.About Coldwell Banker Commercial AffiliatesColdwell Banker Commercial Danforth, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.   Media Contact:
Kevin GuhlEmail: kevin.guhl@cbhomeoffice.comPhone: 973-407-5916 

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  • CRE with CBCworldwide, The Coldwell Banker Commercial Podcast.
    Multifamily

    Student Housing ... A Beacon of Hope in CRE?

    Sep 12, 2023

    Numerous office buildings remain largely vacant. The once rapid growth of apartment rent has decelerated and is even declining in certain areas. However, within the struggling commercial real estate industry, there is a rare positive aspect seen in housing aimed at college students attending popular universities.The rental rates for student housing are anticipated to increase due to limited availability and substantial demand at various colleges, particularly those prestigious research universities and schools affiliated with the top five highest-earning athletic conferences in U.S. college football. Nonetheless, as overall college enrollment experiences a decline, there are heightened risks for student housing, particularly in smaller colleges with less renown and diminishing enrollment, as highlighted by The Wall Street Journal.Despite the increase in mortgage rates over the past year, sales of student housing properties reached an all-time high of $22.9 billion in 2022. In contrast, the growth in multifamily rents is showing signs of cooling down from the double-digit surges observed in the previous year, with an increase of 2.3% over the 12 months ending in May 2023, as reported by RealPage. Meanwhile, student housing rents are experiencing growth at a rate of approximately 9%, according to RealPage.The COVID-19 pandemic served as a unique test for the resilience of student housing in challenging markets. Despite expectations of a downturn in 2020, occupancy rates remained stable, even during the peak of online learning. Students displayed a desire to move closer to their college campuses, even when attending classes virtually, instead of staying with their parents. The uncertainty surrounding the return to on-campus learning had a dampening effect on rental rates until the latter half of 2021, at which point they began to rise again. The combination of bustling campuses and increasing rental rates contributed to the record sales observed last year.It is predicted that sales of student housing properties this year will likely not reach the levels seen in 2022, partly due to the pent-up demand that drove sales in the previous year. While the values of student housing properties, like other commercial real estate types, have been affected by higher borrowing costs, the decline in value has been comparatively moderate. This is attributed to the robust growth in rent and sustained occupancy rates. Industry experts, including Blackstone, have expressed confidence in the enduring strength of this sector, stating that it has proven resilient over time and is likely to remain a positive prospect in the future. Blackstone backed this up by acquiring American Campus Communities for $12.8 billion. While the market is challenging right now, it’s interesting to note the steadiness and success of student housing despite the market’s current volatility. Additionally, supply constraints resulting from a lack of available sites at certain schools will further empower landlords to continue raising rental rates.

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  • CRE with CBCworldwide, The Coldwell Banker Commercial Podcast.
    Podcasts

    CBC MidYear Outlook with Dan Spiegel

    Sep 12, 2023

    On this episode with Dan Spiegel, Managing Director of Coldwell Banker Commercial, we discuss that even though there are concerns over the economy and differences in pricing expectations, CRE activity is still happening, while we dig into CBC’s newly published Midyear Outlook.

    Read More >>
  • CRE with CBCworldwide, The Coldwell Banker Commercial Podcast.
    Podcasts

    In Case You Missed It: August Recap

    Sep 8, 2023

    On this August ICYMI episode, we recognize some of our top professionals both for production as well as their engagement across social media. We highlight a new firm that has joined CBC, share information on upcoming CRE industry events, discuss new product updates and much more!

    Read More >>
  • CRE with CBCworldwide, The Coldwell Banker Commercial Podcast.
    Multifamily

    August Rental Activity Highlights

    Sep 5, 2023

    With soaring home prices and the peak rental season in full swing, renting has emerged as the contemporary alternative to buying. However, among the cities experiencing heightened listing activity, which ones are drawing the greatest attention from apartment seekers? According to research by RentCafe, Arlington, VA, retained its position as the most coveted city among renters for the month of August, maintaining its dominance from the previous month. Climbing three places from its July ranking of No. 5, Kansas City, MO, secures second spot. Minneapolis and Cincinnati, both situated in the Midwest, secure the third and fourth positions, respectively. Meanwhile, Denver secures the fifth position, marking a significant jump of six places since the previous month. The apartment listings in these cities garnered the highest engagement on RentCafe.com this month. This heightened engagement can be attributed to a combination of factors, including a substantial number of rental properties being saved to favorites, personalized search activity, limited unit availability, and a notably high volume of listing views overall.The Midwest significantly asserts its influence by securing ten out of the top 30 cities with the highest rental activity in August. A significant number of individuals are gravitating toward the Midwest, attracted by its affordable cost of living, expansive open spaces, and relaxed pace of life. The region is known for its friendly residents, economical land prices, and a tranquil lifestyle distinct from other parts of the United States, which has enticed a range of people to trade life on either Coast for the Midwest. The South follows closely with nine cities on the list. Concurrently, as the peak rental season unfolds, renters are shifting their apartment search focus towards suburban localities that provide convenient access to urban amenities. This shift has propelled Phoenix suburbs—Chandler, Gilbert, and Peoria—into the ranking as the freshest and most sought-after rental locations. Consequently, this month showcases the inclusion of seven Western cities in the roster of the nation's most desired renting destinations.However, the appeal of core urban living remains strong. In a remarkable advancement, New York City's Bronx ascends three places to occupy the No. 6 spot, edging ever closer to the top. Not to be overshadowed, Queens, the largest borough of NYC, follows suit, securing the No. 13 position this month—an impressive climb of six places from the prior month. Similarly, Philadelphia, Chicago, and Houston continue their sustained presence among the nation's premier cities for rental activity.Staying informed about the cities in the highest demand for renters is a crucial undertaking for investors. This knowledge empowers investors to make well-informed decisions that align with current market trends and capitalize on lucrative opportunities.

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Latest CBC Podcasts

CRE with CBCworldwide, The Coldwell Banker Commercial Podcast.

Listen and learn from the Coldwell Banker Commercial brand on this commercial real estate focused podcast.

  • CRE with CBCworldwide, The Coldwell Banker Commercial Podcast.
    Sep 19, 2023

    Board of Advisors Series - Bob Fredrickson

    The second in our "Beyond the Bricks and Mortar" series with our Board of Advisors. We are joined by Bob Fredrickson, President of CBC Danforth in Washington State. Bob digs deep into the idea that Simplicity is genius in CRE. He talks about his approach to the business, how a new agent can find success early, and how seasoned agents can earn more business. Focusing on relatinonships and shifting your focus from what you have always done, to where the opportunity will be 2 years from now. A true professional in the field, tune in to hear Bob's wisdom and tactics to grow your business and skill.

  • CRE with CBCworldwide, The Coldwell Banker Commercial Podcast.
    Sep 12, 2023

    CBC MidYear Outlook with Dan Spiegel

    On this episode with Dan Spiegel, Managing Director of Coldwell Banker Commercial, we discuss that even though there are concerns over the economy and differences in pricing expectations, CRE activity is still happening, while we dig into CBC’s newly published Midyear Outlook.

  • CRE with CBCworldwide, The Coldwell Banker Commercial Podcast.
    Sep 8, 2023

    In Case You Missed It: August Recap

    On this August ICYMI episode, we recognize some of our top professionals both for production as well as their engagement across social media. We highlight a new firm that has joined CBC, share information on upcoming CRE industry events, discuss new product updates and much more!

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