Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Some businesses are incredibly seasonal. Some businesses, for example, like ice cream shops or retail shops in resort areas, are widely dependent on the revenue they generate in the summer months. Securing a good lease for these months can help play a great role in the success of the small window your business may have during the year.
The retail landscape has been changing for quite some time with the largest impact coming from online retailers and more purchases being made on the internet. In fact, in just the 3 years between 2010 and 2013 the number of store visits dropped from 34 billion visits to 17.6 billion visits according to Elite Wealth Management.
In the ultra-competitive luxury multifamily market, developers are doing everything they can to attract top-tier tenants. Many buildings are now including top-of-the-line amenities, many of which were practically unheard of just a few years ago. Whether you’re a real estate agent wanting to stay on top of the trends or a building developer or owner who wants to appeal to today’s luxury tenants, you might be surprised by some of these unique features.
No matter what industry you are in, a lease can be a critical part of your business. It not only adds to your overhead expenses, it can also be the cornerstone to any facilities that you may operate in. With that in mind, it is incredibly important to make sure you have terms that are favorable to your business in the lease.
Recently, we shared some of our affiliates to follow on Twitter and we were happy to do so as they are all putting out some great information and knowledge in every 140 characters they tweet. Some of our affiliates are also saying more than just 140 characters so we wanted to highlight some of the Coldwell Banker Commercial bloggers that you should bookmark.
As the world becomes more connected through the internet of things and everything becomes “smart” it helps to bring more convenience to everyday lives but it can also lead to more avenues for outside parties to obtain personal information or perform cyber-attacks. When looking at smart buildings it is important to not only consider the security of the people who will be utilizing the building but also the security of the data that will now be stored within the building to help make it smart.
Going green has come into play in most everyone’s lives in one shape or form by now and is being embraced more frequently than it used to be. This is due to accessibility being increased to green products as well as the affordability of green products being improved upon. One of the major things to go green and help to build a greener future is building commercial real estate utilizing green products as well as techniques.
The retail sector has seen some dramatic shifts in the past years as technology and the presence of online shopping continues to evolve and grow. Technology and online shopping has even driven some strictly brick and mortar retailers like Borders to go out of business.
Annually, Forbes releases its top cities for job growth and it is a comprehensive list of which locations in the United States are seeing the more growth. Not surprisingly in 2016 California continues to dominate the list as the Silicon Valley area continues to grow as technology companies continue to develop and grow even larger. Forbes looks at job growth and creation whether it be short, medium or long term back to 2004 and considers the momentum that job growth has seen to determine the ranking.
Flex space is typically for companies who are looking to have a warehouse and industrial space with manufacturing under one roof. The idea of flex space is to have multiple business needs and processes under one roof which can allow for a more efficient business flow but it may not be the right setup for every business.