Intelligence

Commercial Real Estate INSIGHTS

Coldwell Banker Commercial^® is a unique force in the real estate industry commanding a global presence, a local power and backed by one of the most respected names in the industry. We pair our expertise of market dynamics with a wide range of brokerage services including sales, tenant representation, leasing, property management, mergers and acquisitions across a wide array of property segments and specialties from retail, office, industrial and self-storage businesses to agriculture, land and student housing.

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

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.

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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.

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COLDWELL BANKER COMMERCIAL® REPORTS

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.

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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.

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Regional Summaries

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Norfolk, VA

Apartment

Norfolk's apartment market vacancy rate has been low with little change since 2016. The rate for the first quarter of 2019 was 4.6%, down 20 basis points for the period following a flat overall performance through 2018. At $1,073 and $1,030 per month, respective asking and effective averages for the first quarter were unchanged and down 0.6% for the period following increases of 3.6% and 3.2% all told last year. VIEW APARTMENT LISTINGS >

Apartment

Office

First quarter 2019 vacancy in the Norfolk general purpose, multi-tenant office market was 17.3%, up 10 basis points from a quarter earlier after a loss of 40 through 2018. At $20.20 psf and $16.67 psf, respective average asking and effective rates for first quarter 2019 were up 0.3% each for the period following increases of 1.0% and 1.3% all told last year. VIEW OFFICE LISTINGS >

Office

Retail

The first quarter 2019 Norfolk community-neighborhood shopping center market vacancy rate was 12.0%, down from 12.1% at year-end 2018, which was unchanged from 2017-following a gain of 170 basis points that year. At $16.26 psf and $13.56 psf, respective first quarter average asking and effective rents were up 0.4% each for the period following gains of 1.4% and 1.5% in 2018. VIEW RETAIL LISTINGS >

Retail

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