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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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Jacksonville, FL

Apartment
The first quarter of 2019 saw no deliveries within the Jacksonville apartment market, net absorption at negative 31 units and an increase in the vacancy rate to 4.8%. At $1,039 and $995 per month, mean first quarter asking and effective rates, still low by national norms, were up just 0.4% and unchanged, respectively, from the quarter before-after gains of fully 5.9% and 5.4% in 2018. VIEW APARTMENT LISTINGS >
Industrial
JacksonvilleÂ’s warehouse/distribution sector vacancy ended the first quarter of 2019 at just 8.8%, up 30 basis points for the period quarter after a loss of 180 all told last year. Rents are low. At $4.11 psf and $3.78 psf, first quarter average asking and effective rates were unchanged from a quarter earlier following increases of fully 4.3% and 4.1% all told last year. The Flex R&D market, at 5.1 million square feet, saw vacancy increase by 90 basis points in the first quarter to 6.6%. This rate is down 30 basis points for the year. Average asking and effective rents, at $8.14 psf and $7.41 psf, were down 0.2% and 0.7%, respectively, for the quarter, and up 0.2% and 0.8% for the year. VIEW INDUSTRIAL LISTINGS >
Office
Vacancy in the Jacksonville general purpose, multi-tenant office market closed the first quarter of 2019 at 21.4%, down 10 basis points for the period following a loss of 30 all told last year. At $19.78 psf and $15.56 psf, quite low by major national market norms, first quarter average asking and effective rents represented gains of 0.4% each for the period following increases of just 0.9% and 1.0% all told through 2018. VIEW OFFICE LISTINGS >
Retail
Jacksonville's community-neighborhood shopping center market vacancy rate ended the first quarter of 2019 at 11.6%, unchanged since year-end following that year's 60-basis-points decline. At $16.77 psf and $13.84 psf, average asking and effective lease rates for the quarter were up 0.7% each for the period following gains of 2.3% and 2.4% all told last year. VIEW RETAIL LISTINGS >

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

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