Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell Banker Commercial brand.
In a reversal from sentiment at the beginning of this year, investors are becoming increasingly bearish about the commercial real estate market. Faced with an economic slowdown, inflation, rising interest rates, supply chain issues, labor shortages and the threat of a recession, investors and capital providers to take a step back and reassess their strategies as this year concludes and the next begins.
On June 2, 2022, Coldwell Banker Commercial’s Senior Vice President and Managing Director, Dan Spiegel, hosted Lawrence Yun, chief economist for the National Association of REALTORS® (NAR) for an insightful and fascinating discussion where viewers learned how the American economy is performing at the midyear mark, important factors to consider and how it is affecting commercial real estate across all asset classes.
The U.S. travel industry welcomed all vaccinated international visitors back to the United States after 19 months of pandemic-related border restrictions beginning November 8th. This is a long-anticipated milestone that marks the rebuilding of international inbound travel at air, land, and seaports of entry, and across destinations nationwide.
As many states begin setting schedules for lifting their COVID-19 related shelter in place orders, businesses across the United States are beginning to think about what that means for the business. Make no mistake about it: experts predict that the world will never be the same again after this pandemic. In many of the same ways that 9/11 shaped the ways in which the world travels, this pandemic will shape the ways in which we work.
The global hospitality game is changing fast. As the hotel scene is striving to provide guests with transformative experiences, CRE is paying attention to these 6 hot trends. Keep an eye out for these upcoming hotel evolutions:
Foreign investments of commercial real estate in the United States was a big trend in past years. However, with a new, uncertain and evolving political climate, many are curious if the momentum will remain strong. Though some have suggested fears surrounding impending trade wars and increased importance on the protection of American assets remaining American, The United States remains the largest receiver of Foreign Direct Investments.
Of all of the innovations sweeping through CRE this year, perhaps no sector is expecting to see a bigger wave of change than the hotel space. Like all other sectors of the CRE industry, technology is at the heart of these changes. In hospitality, innovation is geared toward creating futuristic Jetson-style customer service that anticipates guests’ needs and wants.
Augmented Reality and Artificial Intelligence (AR and AI) may still be far from standard in CRE, but it’s only a matter of time. High end firms have already been using these tech tools on a grand scale. Research by Goldman Sachs estimates that by 2025, virtual reality (VR) technology alone will generate over $2.5 billion in revenue. Change is happening now and could hit sooner than many of us believe, leaving some CRE pros behind and pushing others to the forefront.
Investing in real estate can be a way to earn passive income and increase your wealth. While plenty of investors have success in residential real estate, others make a move to commercial real estate to gain even more money.
With new stadiums being built across the United States, now’s certainly an exciting time to be a sports fan. Over the years, the nature of new stadiums has changed. Some are committed to sustainability and going green, whereas others are aiming to provide an all-around entertainment experience.