Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
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.
Real estate premise expenses can consume as much as 20% of revenue for many businesses, making it one of the top operating costs. It is therefore no surprise that in these times of uncertainty, tenants are looking for short-term liquidity from their long-term lease commitments.
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.
Rural landscapes are changing, and those changes are impacting commercial real estate. Living in a rural community has unique issues, obstacles and benefits when it comes to commercial real estate. The secret is diversification, according to Ben Bates, broker/owner of Coldwell Banker Ben Bates.
Midlife often triggers change. This may mean changing your car to a sporty model, changing your hair to a new color and style, and, on occasion, changing your career. Coldwell Banker Commercial is an ideal landing space for those considering such a move.
Real estate, including commercial, is an entrepreneur’s dream. You get to control your destiny with limitless income and leadership potential. In my opinion, life's greatest freedom and challenge is our time and how we spend it…especially regarding how much of it is given to our business.
Coldwell Banker Commercial, a Realogy (NYSE: RLGY) brand, announced its 2019 year-end award recipients across numerous Coldwell Banker Commercial company, office and affiliated professional categories. The award winners will be recognized at the 2020 Coldwell Banker Commercial Global Conference this March in Austin.
2020 marks the start of a new year and, perhaps more excitingly, a new decade. And while economic and real estate cycles do not revolve around the calendar year – aside from any actions resulting from changes in calendar year tax policy – it is still a great time to reflect on what real estate decisions were successful and which may require rethinking in the year(s) ahead.
One of the best things we can do to increase business ownership in underrepresented communities is to improve access to and understanding of programs and information related to buying and owning a business. As an industry, that means increasing diversity and representation among brokerage owners.
Changes in one sector substantially impact the whole industry, and this relationship can be observed in the evolving restaurant scene. As the food industry strives to keep up with contemporary consumers, dining trends are physically changing restaurant properties.