Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Despite decreased returns in 2020, institutional investor confidence in commercial real estate remains strong, reaching a nine-year high in 2021, according to a study by Hodes Weill & Associates and Cornell University’s Baker Program in Real Estate.
Legislation that impacts commercial real estate is moving through the United States Congress. The U.S. House of Representatives passed the ‘‘Adjustable Interest Rate (LIBOR) Act of 2021,” H.R. 4616, by a 415 to 9 margin on Wednesday, December 8, 2021.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported an increase in both November 2021 residential housing starts and building permits. U.S. homebuilding surged to an eight-month high in November amid a severe shortage of properties on the market.
Google hasn’t just shaped how consumers buy products, who won a basketball game or find out how to get a stimulus check. Increasingly, as the pandemic unfolded, locating a new place to live emerged as one of the most prominent uses of the giant online search tool.
In a new study, LawnStarter compared nearly 200 of the biggest U.S. cities based on remote job opportunities, internet connectivity, cost of living, and availability of personal workspace, among 20 total factors, and ranked the cities accordingly.
A report by RentCafe shows 2021 was a highly competitive year for renters in many areas as they faced a perfect storm: high demand, low apartment availability and applicants with top-notch credit scores.
The U.S. Census Bureau also reported overall retail sales in November were up 0.3 percent seasonally adjusted from October and up 18.2 percent year-over-year. That compares with increases of 1.8 percent month-over-month and 16.3 percent year-over-year in October.
The U.S. travel industry welcomed all vaccinated international visitors back to the Country after 19 months of pandemic-related border restrictions. This long-anticipated milestone marks the rebuilding of international inbound travel at air, land, and seaports of entry and across destinations nationwide.
Blue Origin, a spaceflight company controlled by Amazon’s Jeff Bezos’, along with partners Boeing and Sierra Space, plan to build a commercially developed, owned, and operated space station in low Earth orbit. The project is being called Orbital Reef and is envisioned as a mixed-use business park.
Construction of nonresidential building projects accelerated in October in the United States, according to a new report by Dodge Construction Network. The Dodge Momentum Index increased 10% in October to 181.2 from the revised September reading of 164.6.