insights Archives - Page 5 of 30 - Viewpoints

Jun 21, 2023

The Most In-Demand Cities in the US

Renting has bloomed as a preferred option over buying due to soaring home prices and the start of the spring season, leading to a surge in apartment seekers. The CBC team is taking a closer look at which cities are experiencing the most rental activity and capturing the attention of potential renters. Last month, Atlanta emerged as the most desirable city for renters, followed by Kansas City, MO, and Albuquerque, NM, according to research by RentCafe. These cities witnessed significant engagement and interest in regard to apartment listings, with a high number of rentals being saved as favorites, personalized searches being conducted and overall elevated listing views.These three cities share common attributes that contribute to their appeal. They provide a balanced combination of affordability, employment opportunities, and entertainment choices that attract a wide range of renters. Detroit has made its mark ranking as fourth on the list of Most In-Demand Cities in the U.S., demonstrating signs of revitalization and growth. Lastly, Manhattan maintains its position as a perennial favorite among renters, despite the high cost of living, securing the fifth spot in the rankings.Atlanta is Hot Amongst RentersIn April, Atlanta emerged as the most coveted city among renters, experiencing a remarkable level of rental activity on RentCafe.com. Potential renters in Atlanta displayed a notable increase in interest, as they added twice as many listings to their favorites compared to the previous year. Moreover, rental listings in Atlanta attracted substantial traffic and recorded high rates of saved searches on RentCafe.com, propelling this city to the pinnacle of the rankings. Atlanta offers a multitude of job opportunities, with numerous companies expanding or relocating there. In fact, Atlanta secured the eighth position nationwide for office leasing activity in 2022, reflecting its growing prominence. Additionally, Atlanta has consistently established itself as one of the top tech towns in the country in recent years, further enhancing its appeal to renters.Kansas Popularity is GrowingKansas City secured the second position among the most sought-after cities in April for renting on RentCafe.com. KCMO experienced a remarkable surge, climbing an impressive 27 spots from the previous month's ranking. This significant jump is due to renters favoriting listings six times more than the previous year, while the number of page views for Kansas City listings ranks among the highest in the United States. Moreover, potential renters in Kansas City exhibited an 87% increase in personalized searches on RentCafe.com compared to one year ago. Renters are drawn to Kansas City due to its more affordable housing options and cost of living in comparison to other cities. Like Atlanta, the presence of enticing new tech job opportunities also adds to its appeal.New Mexico Climbing the Ranks  Albuquerque, New Mexico, secured the third spot as one of the most sought-after rental locations in April, demonstrating a vibrant and active rental market. The number of rental listings in Albuquerque that were added to favorites experienced a notable increase, seven times higher compared to the previous year. Additionally, there was a significant surge in listing views, with a 66% increase compared to one year ago, marking the highest growth among all the cities included in RentCafe’s research. The rising popularity of the area propelled Albuquerque to climb an impressive 19 positions in the top 30 rankings within one month. There are multiple factors that attract potential renters, including the plethora of readily available outdoor activities and the thriving entertainment industry. As we discussed throughout the article, potential renters were most drawn to housing options in Atlanta, Kansas City, and New Mexico last month. We saw Alburquerque, New Mexico, and Kansas City climb the ranks as a top US cities for rental activity in April. Now that we’ve taken a closer look at these different cities and their various appealing factors for renters, are you surprised at the top 3 spots?

Apr 11, 2023

Q1 2023 Sentiment Report: The State of CRE & What’s to Come

The Real Estate Round Table recently released its 2023 Q1 Sentiment Survey, a comprehensive measure of industry experts’ confidence and expectations regarding the commercial real estate environment. As we’ve observed throughout the first quarter of 2023, the real estate market has been uncertain and incredibly volatile due to the historic increases in short-term interest rates and soaring inflation.

Apr 11, 2023

Recap of the 2023 Coldwell Banker Commercial® Global Conference

The 2023 Coldwell Banker Commercial® Global Conference was an incredible event where attendees had the chance to brush up on their commercial real estate knowledge and skills, brush elbows with professionals from all over the country, and have some fun, too. X CBC professionals and guests attended the three-day conference in Chicago’s Swissotel Hotel from March 28-30, 2023. The conference featured world-class industry and CBC speakers, learning breakout sessions, networking opportunities and more.

Apr 4, 2023

Are Office Distress Opportunities Around the Corner?

Although opportunities to acquire distressed CRE have been few and far between thus far, conditions may lead to a significant uptick in the sale of troubled office assets in the coming years. It’s long due, as industry observers have been anticipating a wave of distressed office listings since the pandemic’s onset first unsettled the office market.

Mar 28, 2023

The Trend of Adaptive Reuse & What You Should Know: Part 2

As we discussed in part 1 of our Adaptive Reuse Deep Dive, this trend is understandably becoming more and more desirable for cities and developers alike. In part 2, we are outlining the appeal of adaptive reuse for developers, the environmental and economic benefits and the way it better serves the community compared to new construction and gentrification.

Mar 21, 2023

The Trend of Adaptive Reuse Apartments & What You Should Know: Part 1

Adaptive reuse in commercial real estate refers to the process of redeveloping a building or property type into a new property, typically to meet higher demand in that sector. Adaptive reuse apartments have recently become a popular subject of discussion, as US office sales continue to sink. Over the past few decades, vacant offices buildings have been redeveloped into residential buildings, offering for-sale condominiums or rental apartments.

Mar 10, 2023

The Value of a Global Network

Innovators, pathfinders, leaders are all words that describe Coldwell Banker Commercial’s global network of more than 3,000 valued professionals. Since 1906, Coldwell Banker Commercial has been at the industry forefront, creating a dynamic in which everyone is able to excel and succeed. This mutually beneficial relationship continues to grow and evolve as Coldwell Banker Commercial remains dedicated to their professionals and clients through the launch of new tools, technologies and opportunities for both networking and education.

Feb 21, 2023

Opportunities and Trends in the Post-Pandemic Office Sector for 2023

If you have read any article on the #office sector for 2023, you know that the future remains uncertain nearly three years after the pandemic disrupted the industry. According to the latest CommercialEdge office report, 2023 will bring further uncertainty to the office sector as we enter the post-pandemic phase. Although some companies are becoming more aggressive about returning employees to the office, others have fully embraced hybrid and remote work practices.

Jan 31, 2023

Professional Quality CRE Photos Are Within Your Reach

If you own an iPhone, there’s no reason to settle on poorly shot, dark or blurry photos for your #cre property listings. Here are a few basic tips to get the most out of your iPhone camera.

Nov 22, 2022

Forget the Free Lunch. Workers Want Flexibility & Transparency

Welcome back to our series on diversity, equity and inclusion in commercial real estate. By now we’ve established that although conditions have improved, women and minorities are experiencing higher levels of discontent with their jobs. Many employers—both in and outside the industry—have caught on and have been taking steps to alleviate the pressures on their workforce.