Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Going green has come into play in most everyone’s lives in one shape or form by now and is being embraced more frequently than it used to be. This is due to accessibility being increased to green products as well as the affordability of green products being improved upon.
The retail sector has seen some dramatic shifts in the past years as technology and the presence of online shopping continues to evolve and grow. Technology and online shopping has even driven some strictly brick and mortar retailers like Borders to go out of business.
Annually, Forbes releases its top cities for job growth and it is a comprehensive list of which locations in the United States are seeing the more growth. Not surprisingly in 2016 California continues to dominate the list as the Silicon Valley area continues to grow as technology companies continue to develop and grow even larger.
Flex space is typically for companies who are looking to have a warehouse and industrial space with manufacturing under one roof. The idea of flex space is to have multiple business needs and processes under one roof which can allow for a more efficient business flow but it may not be the right setup for every business.
Transit-oriented development or TOD is the development of transit hubs like train stations and airports into not only a place to go to travel but also a place to shop with retail locations coming into these transit hubs.
It is no secret that the tech sector is making huge impacts in everyone’s daily lives and even disrupting and changing the way certain industries do business. The commercial real estate industry and real estate in general is no exception to this trend.
Open offices were a big deal and are much-hyped thanks to tech companies such as Google and other startups looking for something different —a more collaborative environment. However, it seems the verdict is in and open concept offices are not being so well received these days.
Recently, Amazon unveiled their newest concept called Amazon Go. While Amazon has taken over and changed the face of many industries, most notably books, they have been looking to get into grocery.
No matter what your interest or role in the real estate market, keeping abreast of the trends is always a best practice. Below, we’ll take a look at some of the top trends ULI and PriceWaterhouseCoopers believe will impact us in the coming year.
While big investors like General Growth Properties and Simon Property Group are shifting their focus to prime properties in desirable locations —those that offer heavy foot traffic and are command the attention of high-end retailers— doors are opening for smaller investors who believe in the value of second-tier malls.