Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
The numbers for the first half of 2021 show that market activity has resumed, and commercial real estate is recovering ground lost during the COVID-19 pandemic. There was a significant decline in sales and leasing activity at the outset of the pandemic in 2020 and although there has been a subsequent spike in construction costs, CRE markets are faring better than expected.
The success and growth of CBC Worldwide is directly correlated to its people. That talent, dedication and expertise is contributed by more than 2,000 professionals at 200 companies throughout the U.S. and internationally. Currently,140 of the brand’s brokerage professionals have earned the prestigious Certified Commercial Investment Member (CCIM) designation by the CCIM Institute including three recent inductees Michael Salik, Virginia “Ginny” Squire and Rob Thomas.
In the world of commercial real estate, investing, and beyond, “ESG” is becoming a frequent topic of discussion. But what exactly is ESG? Why is everyone talking about it? And what does it mean for your business? ESG stands for Environmental Social and Governance, and refers to the three key factors when measuring the sustainability and ethical impact of an investment in a business or company. More specifically, ESG is a generic term often used in capital markets and is commonly practiced to evaluate the behavior of companies, as well as consider their future financial performance. We are seeing investors take social responsibility seriously by diligently researching companies’ ESG profiles and using ESG criteria to screen potential investments. The graph below describes what falls under the ESG umbrella.
On June 24th, 2021, Coldwell Banker Commercial hosted its second CBC Chatter, a virtual quarterly series hosted by Managing Director Dan Spiegel to discuss hot topics in the world of commercial real estate. This event focused on cannabis and how the industry is warming up to the trend.
If you pay any attention to commercial real estate news, you can’t help but notice that industrial is the darling of the Commercial Real Estate (CRE) sector right now. With the exponential increase in e-commerce demand over the past year due to the COVID-19 pandemic, this sector is having an amazing year. And the disruptions in supply chains have really underscored the need for additional industrial real estate across the U.S. As stated by Anthony M. Graziano, MAI, CRE, CEO of Integra Realty Resources, “One of the key lessons of the coronavirus crisis has been the need to re-think supply chain management with businesses supplementing traditional, ‘just-in-time’ strategies, meant to minimize costs, with ‘just-in-case’ measures.”
On April 6th, 2021, CBC Chatter launched as a virtual series focused on discussing the hottest and most relevant industry topics and trends.
The Tax Cuts and Jobs Act, TCJA, is heralded for its unique ability to funnel billions of dollars into these struggling low-income communities. However, some question whether this program will add or detract value to the community in the long run.
No matter where you turn to get your news, you’re likely to be bombarded by anything and everything related to COVID-19 right now. The full impact of this novel virus on our world has yet to be fully understood. You’ve probably heard the term “unchartered water” more than once, perhaps the best way to describe today’s environment.
Chicago is well known for being nicknamed “the windy city.” Some say it is because of the cold winds coming off Great Lake Michigan. Others say the nickname originated from the residents who allegedly were well-known for being braggarts. Yet, some say the real reason Chicago is the windy city is because of the hot air and tall tales uttered from the mouths of politicians.
When purchasing any commercial property, it is important to know its history and find out if there might be environmental contamination that could impact the property's plans or the occupants. Conducting a Phase 1 Environmental Site Assessment (ESA) is important to thoroughly evaluate a property.