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.
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.
The smell of warm baked cookies may help you sell your house, but not your commercial property.
Obtaining new tenants can be a costly affair for landlords. If tenants are dissatisfied, given today’s market, they can easily seek new space. It is always the preferred option to retain good tenants – those who pay their rent on time and cause little or no problems.
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.