Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell Banker Commercial brand.
Rural landscapes are changing, and those changes are impacting commercial real estate. Living in a rural community has its own set of unique issues, obstacles and benefits when it comes to commercial real estate. The secret is diversification, according to Ben Bates, broker/owner of Coldwell Banker Ben Bates.
When Coldwell Banker Commercial Eberhardt & Barry opened its doors in 1970, central Georgia’s textile industry occupied much of the large scale industrial real estate in Macon and central Georgia. Today, Art Barry III, co-owner and son of the firm’s founder, is revitalizing the area’s industrial real estate business.
The past decade has seen a number of events and natural disasters, including an oil spill, multiple hurricanes, and a nation-wide recession. As a result, the commercial real estate landscape in the 5 coastal states along the Gulf of Mexico and the I-10 Corridor has emerged with more opportunity than ever before. Explosive population growth, a strong labor force, and a sheer lack of supply in many markets throughout Texas, Louisiana, Mississippi, Alabama, and Florida have come together to create distinct pockets of interest for the right potential investors.