Since the start of 2022, there’s been a massive wave of new residents streaming into Florida. Remote work, warm weather, and looser COVID restrictions have played a significant role in the Sunshine State becoming the most sought-after region by renters this year. Miami specifically is considered the hottest rental market in the nation. In fact, demand for apartments in Southern Florida is stronger than ever, making it difficult for apartment hunters to find a place to call home. According to a report by RentCafe, this is due to high occupancy, low supply, and record-high lease renewal rates.
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HELENA, Mont. (August 4, 2022) – Coldwell Banker Commercial represented both the buyer and the seller in the sale of an office building located at 840 Helena Ave. in Helena, Mont. in a transaction valued at $6.25 million.
Despite global market volatility and a variety of challenges in the industry, construction activity still continues to increase across multiple markets. Some of these challenges include universal inflationary trends founded on construction labor shortages, demand exceeding supply, and disruption in supply chains hitting costs and programs. According to Turner & Townsend’s 2022 International Construction Market Survey, when it comes to increasing construction costs—including labor and materials costs—the United States dominates rankings of the most expensive places in the world for real estate development.
On this episode of ICYMI we recap our continued growth at CBC, new marketing initiatives, awards updates and both CBC as well as industry events upcoming.
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El Paso, Texas (July 25, 2022) – Coldwell Banker Commercial is pleased to have represented the seller in the sale a retail property located at 5400 Alameda Ave. in El Paso, Texas. The sale price was undisclosed.
Fort Pierce, Fla. (July 20, 2022) – Coldwell Banker Commercial represented the seller in the sale of a riverfront property located at 250 Rouse Rd. in Fort Pierce, Fla. in a transaction valued at $3 million.