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The following is a thought leadership post from Dan Spiegel, SVP & Managing Director — Coldwell Banker Commercial
On October 12th, 2022, Coldwell Banker Commercial hosted its sixth 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.
The healthcare industry quickly adapted to virtual care delivery during the pandemic. For both caregivers and patients, the rapid transition from in-office to on-screen visits left much to be desired.
Throughout the pandemic, retailers have had to overcome continuous hurdles: expanding digital capabilities, maintaining a workforce, battling inflation’s rising prices, keeping products stocked during supply chain disruptions and more.
On June 8th, 2022, Coldwell Banker Commercial held 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 the Future of Cities where panelists discussed myths such as the “death” of cities, trends in larger urban areas and how those trends are affecting secondary and tertiary markets, and how technology is shaping the future of cities.
In this week’s blog, we highlight some of the most impactful insights from Dan Spiegel’s conversation on WMRE’s Common Area podcast. In this episode, host David Bodamer is joined by Dan Spiegel, senior vice president and managing director with Coldwell Banker Commercial. Spiegel shares where real estate investors are currently putting their money and what’s new in site selection practices among retail and restaurant tenants. He also discusses the continuing importance of maintaining bricks-and-mortar retail locations even as the trend toward e-commerce continues to grow. The two industry experts take a deep dive into CBC’s 2022 commercial real estate outlook, which you can access here.
From August through October of 2021, total sales were up 15.4% from the same period a year ago. U.S. retail and food service sales for the month of October alone were $638.2 billion, up 1.7% from the previous month despite rising inflation and supply chain disruptions.
As most students resume in-person learning this fall, there are several implications for the commercial real estate market. From private schools to higher education institutions, the world of academia is turning a new page after the COVID-19 pandemic forced millions of students into virtual classrooms.
For the battered retail sector, 2021 seems to have good things in-store. Just recently, the National Retail Federation issued a revised forecast for the year, anticipating that retail sales will now grow between 10.5% and 13.5% as the economy accelerates its pace of recovery.