Coldwell Banker Properties Unlimited has announced the opening of a full-service Coldwell Banker Commercial (CBC) franchise, which will serve as a sister company to the residential operation. The new commercial operation will be named Coldwell Banker Commercial Properties Unlimited and is the first CBC affiliate in the South Central Texas area.
You’ve just won a listing for a commercial property — congratulations! Now, the real work of commercial real estate marketing begins. The task of selling or leasing a commercial property for the highest price can be challenging, to say the least. Even in a hot market, it’s essential to use the latest strategies and techniques to keep your client happy and to gain recognition in an often-saturated market.
18-hour cities, or second tier cities, have seen in a rise in popularity among employers, employees and investors as well. The name 18-hour city derives from the idea of these cities not being operational 24 hours like larger cities such as New York City and Los Angeles. The rise in popularity among these cities is due to multiple factors all of which can be beneficial to investors as well as the residents of these cities.
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Electric vehicles are becoming more prevalent as Tesla and other car manufacturers continue to change the auto industry. Another industry this is impacting is the commercial real estate industry as owners of these vehicles need places to plug in, as opposed to stopping at gas stations to fuel up.
Some businesses are incredibly seasonal. Some businesses, for example, like ice cream shops or retail shops in resort areas, are widely dependent on the revenue they generate in the summer months. Securing a good lease for these months can help play a great role in the success of the small window your business may have during the year.
The retail landscape has been changing for quite some time with the largest impact coming from online retailers and more purchases being made on the internet. In fact, in just the 3 years between 2010 and 2013 the number of store visits dropped from 34 billion visits to 17.6 billion visits according to Elite Wealth Management.
In the ultra-competitive luxury multifamily market, developers are doing everything they can to attract top-tier tenants. Many buildings are now including top-of-the-line amenities, many of which were practically unheard of just a few years ago. Whether you’re a real estate agent wanting to stay on top of the trends or a building developer or owner who wants to appeal to today’s luxury tenants, you might be surprised by some of these unique features.
No matter what industry you are in, a lease can be a critical part of your business. It not only adds to your overhead expenses, it can also be the cornerstone to any facilities that you may operate in. With that in mind, it is incredibly important to make sure you have terms that are favorable to your business in the lease.
