Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
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.
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.
Ever wonder where to go to find a shiny, brand new apartment complex? Multi-family construction is booming all over the US, and is continuing on trends that began years ago, and have been increasing, believe it or not. These five cities are some of the largest in the current iteration of the boom!
Recent years have seen a boost in repurposing projects for underutilized industrial properties around the country. This has positive effects on areas that had become urban “dead zones,” breathing new life into disused neighborhoods.
The U.S. population saw overall growth of 9.7% in the years between 2000 and 2010, but growth in urban areas was higher, at 12.1%. Urbanization is a significant feature of growth around the world, and has considerable impact on commercial real estate.
Whether your property is a vacation home or a multi-family investment property, it’s likely that you will not be managing the day-to-day details yourself. Finding the right property manager can have a big impact on how your property retains its value, as well as how many headaches it may cause you.