Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell Banker Commercial brand.
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.
Land sales often reveal an interesting aspect of the U.S. economy. Activity surrounding land transactions can portend where the real estate industry may be headed. In the case of the most recent economic recession that started in February 2020, land sales highlight the shift away from commercial office and retail development, while showcasing a renewed interest in residential development.
The following article features contributions from Virginia Wilson (affiliated with Coldwell Banker Commercial Caine) and Dan Stiebel (affiliated with Coldwell Banker Commercial Schmidt)
Coldwell Banker Commercial agents had a great start to the new year. To help celebrate their accomplishments, we are highlighting just a few of the top deals closed by Coldwell Banker Commercial agents this past January.
It has been said that it is only a matter of time before blockchain, the proprietary technology that supports cryptocurrencies such as Bitcoin, will begin to infiltrate industries all around the world. And, believe it or not, even historically traditional industries are not immune to the disruption – commercial real estate included.
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.