Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
With the exponential increase in e-commerce demand over the past year due to the COVID-19 pandemic, this sector is having an amazing year. And the disruptions in supply chains have underscored the need for additional industrial real estate across the U.S.
Those collective insights are shared in this second of a three-part series that highlights which asset classes performed well, which ones struggled, and what adjustments commercial real estate investors, owners, and managers are making to navigate the challenges.
Amazon, Inc. has recently been in talks with the largest mall owner in the United States to take over space left by ailing or vacant department stores. Simon Property Group has been working with Amazon to explore the opportunity of turning some of their vacant anchor department stores into distribution hubs.
The Tax Cuts and Jobs Act, TCJA, is heralded for its unique ability to funnel billions of dollars into these struggling low-income communities. However, some question whether this program will add or detract value to the community in the long run.
As many states begin setting schedules for lifting their COVID-19-related shelter-in-place orders, businesses across the United States are starting to think about what that means for the company. Make no mistake: experts predict the world will never be the same again after this pandemic.
No matter where you turn to get your news, you’re likely to be bombarded by anything and everything related to COVID-19 right now. The full impact of this novel virus on our world has yet to be fully understood. You’ve probably heard the term “unchartered water” more than once, perhaps the best way to describe today’s environment.
Real estate premise expenses can consume as much as 20% of revenue for many businesses, making it one of the top operating costs. It is therefore no surprise that in these times of uncertainty, tenants are looking for short-term liquidity from their long-term lease commitments.
When purchasing any commercial property, it is important to know its history and find out if there might be environmental contamination that could impact the property's plans or the occupants. Conducting a Phase 1 Environmental Site Assessment (ESA) is important to thoroughly evaluate a property.
2020 marks the start of a new year and, perhaps more excitingly, a new decade. And while economic and real estate cycles do not revolve around the calendar year – aside from any actions resulting from changes in calendar year tax policy – it is still a great time to reflect on what real estate decisions were successful and which may require rethinking in the year(s) ahead.
Since CRE gives physical shape to the industries around us, it can change the game globally. We’re seeing this happen now in the country’s most popular tech-fueled metros. The commercial real estate industry is rewriting the script for hot spots like San Francisco, San Diego, Phoenix, Los Angeles, and many others.