Intelligence

Commercial Real Estate Market Information

The Coldwell Banker Commercial brand has commercial real estate market statistics to help you find out specifics about your local commercial real estate market. Whether you are looking for market trends or information on commercial real estate market size, we have the market reports you need. Get the information you need to make informed commercial real estate decisions by checking out our commercial real estate market reports. If you did not find the commercial real estate market information you were looking for contact us today!

Coldwell Banker Commercial® Reports

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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Market Report: Student Housing

Healthy demand and numerous shifts in student housing trends have transformed the property sector. Once overlooked by investors for fear of poorly maintained properties and high turnover, this asset class has become resilient, boasting handsome returns.

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Market Report: Retail Repurposing

Up to 80 percent of Americans do at least some shopping online. As Americans shift the way they shop, retailers that have not adapted to the changing environment are closing their doors, with the list of failing brand names growing each year.

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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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