Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
On March 31st, 2022, Coldwell Banker Commercial hosted its third CBC Chatter, a virtual quarterly series hosted by Senior Vice President and Managing Director Daniel Spiegel to discuss hot topics in the world of commercial real estate. This event focused on FinTech and how the rising industry is changing how everyone in CRE – owners, brokers, buyers – are being affecting by the shift.
The success and growth of CBC Worldwide is directly correlated to its people. That talent, dedication and expertise is contributed by more than 2,000 professionals at 200 companies throughout the U.S. and internationally. Currently,140 of the brand’s brokerage professionals have earned the prestigious Certified Commercial Investment Member (CCIM) designation by the CCIM Institute including three recent inductees Michael Salik, Virginia “Ginny” Squire and Rob Thomas.
Even though many states have implemented phased reopening plans, there are still many social distancing requirements due to the COVID-19 pandemic. This has had a huge impact on a number of industries, including the multifamily industry and the apartment leasing experience. While virtual tours have gained popularity, so have self-guided tours that don’t require a leasing assistant, according to a recent study conducted by RENTCafe.
You’ve probably heard the term “big data” — after all, it is one of the biggest buzz words these days, and for good reason. Big data is everywhere and is having a huge impact on nearly every industry, including commercial real estate. And soon enough, if commercial real estate professionals aren’t using big data in their business, they’ll get left behind their competition. But before you get started, how much do you really know about big data in the real estate space?
“On the wall of my office I have a quote from Calvin Coolidge, ‘Nothing in this world takes the place of persistence,’” shared Michael J. Carr Sr., a broker at Coldwell Banker Commercial NRT in Southwest Florida. “It’s what makes my business go, and what makes anyone’s business go. You just have to keep plugging away.”
Read the original article on GlobeSt.com.
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.
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Everyone’s heard the buzz about the death of traditional brick and mortar and the rise of experiential retail. U.S. retail vacancies were at 10.2% at the end of 2018, a marginal increase from 10.0% a year earlier, according to a report from Reis. Current market trends have challenged retail owners and investors with vacancies in retail spaces from areas like Magnificent Mile and Fifth Avenue as well as on Main Street.
In today’s business climate, accurate and relevant information is crucial for success in commercial real estate investing. In other words, if you don’t know the local market, you could be in real trouble. Despite this fact, commercial real estate is a sector favorite among investors, with its relatively strong returns with only minimal to moderate risk.