Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Evaluating the eco-friendliness of office spaces across cities as real estate moves towards sustainability.
CBC Chatter delves into the evolving urban landscape, offering expert insights on the future of cities in a post-pandemic world.
CBC's mid-year economic outlook discusses American economy impacts on CRE with NAR's chief economist.
WMRE and CBC's Dan Spiegel discuss CRE expectations for 2022, offering valuable insights.
2022 CRE outlook remains strong, with CBC providing trend insights and market analysis.
Whether you’re looking to invest in new real estate, start a business, or seeking new and exciting job opportunities, the CBC team is here to provide insight that could help lead you in the right direction. Given the challenges of the pandemic, especially with the new Omicron variant dominating the nation, working remotely has become the norm for millions of Americans. In fact, up to 70% of job candidates today prefer a hybrid or remote work setup.
Society of Industrial and Office Realtors (SIOR)’s latest Q3 2021 broker survey reveals that on-time transactions are at their highest level since the start of the pandemic, while cancelled and on-hold deals are at their lowest level. Additionally, SIOR notes in its Q3 2021 Snapshot Sentiment Report that leasing activity has hit another new high, showing that the pandemic’s impact on commercial real estate continues to wane.
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.
As we all know, 2020 was an incredibly challenging year. A variety of industries were greatly impacted by the changes present by the COVID-19 pandemic, commercial real estate included. For the first time, employees started working from home, meetings were hosted via zoom, and all events were cancelled. As the economy stalled, many businesses and property owners found themselves negotiating with both tenants and lenders on rent relief and loan modifications.