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The following is a thought leadership post from Dan Spiegel, SVP & Managing Director — Coldwell Banker Commercial
If you have read any article on the #office sector for 2023, you know that the future remains uncertain nearly three years after the pandemic disrupted the industry. According to the latest CommercialEdge office report, 2023 will bring further uncertainty to the office sector as we enter the post-pandemic phase. Although some companies are becoming more aggressive about returning employees to the office, others have fully embraced hybrid and remote work practices.
If you own an iPhone, there’s no reason to settle on poorly shot, dark or blurry photos for your #cre property listings. Here are a few basic tips to get the most out of your iPhone camera.
Welcome back to our series on diversity, equity and inclusion in commercial real estate. By now we’ve established that although conditions have improved, women and minorities are experiencing higher levels of discontent with their jobs. Many employers—both in and outside the industry—have caught on and have been taking steps to alleviate the pressures on their workforce.
Last week’s blog touched on the Americans’ approach to work, and where it fits in our daily lives, has evolved over the past several years. For many people, the mandatory hiatus from in-person work trigged a re-evaluation of the type of work they want to do and where they want to do it.
There’s no denying that the pandemic has changed the way we view work and how it fits into our lives. Broader pressures such as inflation, goods shortages and housing prices, combined with growing concerns about overall health, quality of life, compensation and work satisfaction, have driven countless workers to make more demands of their employers. Meanwhile, employers in virtually every industry have found themselves without much leverage, given the condition of the current employment market.
Despite uncertainty and volatility that cloud the economy, there’s reason to be a bit upbeat these days. A recent commercial property price report from researchers at MSCI’s RCA division shows the RCA CPPI National All-Property Index climbed 18.5% in June 2022 from a year prior. That’s close to the pricing growth rates of recent months and not far from the 19.5% record pace seen at the start of 2022. The index rose 1.3% from May.
A majority of adults in the United States currently have access to cannabis, whether medically or recreationally. As of this year, 19 states have legalized recreational cannabis use, while 39 states have legalized medical marijuana use. Over the years, the general perception of cannabis has evolved. Once seen as a danger to communities and to younger children, cannabis is now more readily available and marijuana sales produce taxable income for local economies.
The industrial market has stood as one of the hottest commercial real estate property sectors in the U.S. for several years. In fact, CommercialEdge just released its July national industrial report, analyzing?the U.S. industrial market’s performance through June 2022.?
The healthcare industry quickly adapted to virtual care delivery during the pandemic. For both caregivers and patients, the rapid transition from in-office to on-screen visits left much to be desired.