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

Select a state to view available market snapshots

Richmond, VA

Apartment
Vacancy in Richmond's 77,550-unit apartment market posted a 4.1% rate in the first quarter of 2019, unchanged from the prior quarter and down 10 basis points year-over-year. The average asking rent was up 0.2% in the first quarter of 2019 to finish at $1,008 per month, while the average effective rent also rose 0.2% to $966 per month. The year-over-year gains were 3.2% in both categories. VIEW APARTMENT LISTINGS >
Industrial
Vacancy in Richmond's 46-million-square-foot warehouse/distribution market finished the first quarter of 2019 at 8.2%, down 10 basis points over the quarter. This rate is down 210 basis points over the year. Reis reports average asking and effective rents of $4.26 psf and $3.88 psf, unchanged and up 0.3% for the quarter and up 0.9% and 1.0% for the year. Rents were weak in 2018, rising only 1.4% asking and 0.8% effective. For Richmond's 5.8-million-square-foot Flex/R&D market, the first quarter vacancy rate is 11.9%, down 140 basis points over the quarter and unchanged over the year. The first quarter asking and effective rents are reported at $8.03 psf and $7.23 psf, up 0.1% and up 0.6% for the quarter and up 1.0% and 1.4% over 12 months. VIEW INDUSTRIAL LISTINGS >
Office
The Richmond general purpose, multi-tenant office market posted a first quarter 2019 vacancy rate of 13.7%. The rate was up 40 basis points for the quarter and up 80 basis points year-over-year. Reis reports first quarter average asking and effective rents of $19.06 psf and $15.98 psf, each up 0.1% for the quarter and up 0.4% and 0.3%, respectively, for the year. VIEW OFFICE LISTINGS >
Retail
After posting a fourth quarter 2018 vacancy rate of 11.7%, community-neighborhood shopping center vacancy finished the first quarter of 2019 at 11.9%, up 90 basis points year-over-year. Reis's first quarter community-neighborhood shopping center market average rents are $18.03 psf asking and $15.50 psf effective, up 0.2% and 0.1% from the prior quarter. These rates are up 1.9% and 1.8% over 12 months. 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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