Intelligence

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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Houston, TX

Apartment
The Houston apartment market vacancy rate closed the second quarter of 2019 at 5.7%, down 20 basis points for the period and down 40 year-to-date. At $1,099 and $1,031 per month, second quarter asking and effective averages were up 1.4% and 1.6%, respectively, year-to-date. Gains in the second quarter alone were 0.9% asking and 1.0% effective. VIEW APARTMENT LISTINGS >
Industrial
The marked imbalance between 2018's huge load of newly delivered warehouse/distribution supply and the year's net absorption resulted in a substantial increase in the vacancy rate-from 7.8% to 9.1%. The additional imbalance that followed over the first half of 2019 drove the rate to 9.9%, highest since 2010, with a gain of 100 basis points taking place during the second quarter alone. At $5.68 psf and $5.37 psf, average asking and effective rents for local warehouse/distribution space were up 1.1% each year-to-date. Gains for the second quarter alone were 0.5% asking and 0.4% effective. The vacancy rate in the local Flex/R&D sector, fluctuating through the recent period, closed the second quarter of 2019 at 9.1%, down 40 basis points for the period but up 30 year-to-date following a gain of 50 all told through 2018. At $7.82 psf and $7.05 psf, average asking and effective rents for local Flex/R&D space were up 1.0% and 0.7%, respectively, year-to-date. Gains in the second quarter alone were 1.0% asking and 1.3% effective. VIEW INDUSTRIAL LISTINGS >
Office
Reis put Houston's general purpose, multi-tenant office market second quarter metrowide vacancy rate at fully 23.5%, up 40 basis points for both the period alone and year-to-date following a gain of 150 basis points through 2018. The current rate is the highest on the firm's books for this market since 1989. At $28.66 psf and $24.02 psf, average asking and effective rents for the second quarter were up just 0.4% each year-to-date. Gains for the second quarter alone were 0.2% for both averages. VIEW OFFICE LISTINGS >
Retail
The Houston community-neighborhood shopping center market vacancy rate has been moving upward. The pace of increase, however, rose in 2018 as the rate added 80 basis points to close at 11.9%. The rate remained unchanged through the first half of 2019. At $19.41 psf and $16.75 psf, second quarter asking and effective averages were up 1.2% each year-to-date. Gains for the second quarter alone were 0.4% each. 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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