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Commercial Real Estate INSIGHTS

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Find the information you need to make informed commercial real estate decisions with up-to-date insights and the latest commercial real estate news. Our Coldwell Banker Commercial brokerage professionals provide invaluable, game-changing advice for businesses, identify real estate opportunities that others might overlook and offer creative solutions and sound business sense in an ever-changing environment. For more information, contact one of our specialists today.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

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Fairfield County

Apartment
The 39,222-unit Fairfield County apartment market tightened in the first quarter of 2019, but its vacancy rate remains far higher and its rent gains far more modest than anyone might have imagined before the Great Recession. The vacancy rate fell 20 basis points to 6.1%. It is up 60 year-over-year. In the first quarter of 2019 the average asking rent increased 0.3% to $2,158 per month, and the average effective rent rose 0.4% to $2,035 per month. The year-over-year gains are 1.6% and 0.8%, respectively.
Office
Fairfield County's 40.85-million-square-foot general purpose, multi-tenant office market first quarter 2019 vacancy rate is 23.6%, down 30 basis points for the quarter and up 30 year-over-year. In the first quarter the average asking rent fell 0.1% to $35.78 psf, with the average effective rent unchanged at $29.94 psf. Rents are down 0.2% and 0.1%, respectively, year-over-year.
Retail
The 8.9-million-square-foot Fairfield County community-neighborhood shopping center market vacancy rate is 7.2%, up 30 basis points for the first quarter of 2019 and up 180 year-over-year. The average asking rent fell 0.6% in the first quarter to $30.01 psf, with the average effective rent down 0.5% to $27.22 psf.

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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