Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Today, we are thrilled to shine a spotlight on Dan Spiegel, the senior vice president and managing director of Coldwell Banker Commercial, whose dedication and leadership have earned him the prestigious recognition as a Crain’s Chicago Business Notable Commercial Real Estate Leader.
Dan Spiegel and Becky Button discuss the evolution of office design, emphasizing the shift from traditional cubicles to more comfortable and collaborative workspaces. They explore the importance of creating inviting environments that enhance productivity and well-being.
Land sales for residential development remain strong, driven by long-term investment perspectives, scarcity of available land, and adaptive market strategies. This resilience highlights ongoing confidence in housing demand and strategic foresight among developers and investors.
The trend of corporate headquarters moving from California to Texas peaked during the pandemic but has slowed recently. Texas’s pro-business environment and lower costs attracted many companies, leading to economic growth and challenges like rising housing prices.
The significant slowdown in industrial construction in 2024 after a major boom during the pandemic is attributed to oversupply and economic uncertainty, leading to increased vacancy rates and hesitation from developers. While industrial construction activity has decreased, manufacturing construction remains steady.
The fitness industry was a post-pandemic success, as visits to gyms across the country surged once people were allowed to leave home and restart their in-person workout routines.
The sale of commercial parking lots is gaining increasing attention. These investments present a unique opportunity to enter a market with strong demand and potential for high returns.
The current office downsizing trend was offset by a robust and growing conversion and redevelopment pipeline that took space off the market, contributing to the rebalancing efforts.
Existing home sales have stagnated, signaling potentially heightened demand for land to accommodate the need for new home construction.
Our Coldwell Banker Commercial brand’s top producers and Elite company leaders gathered to celebrate their success in 2023.