Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
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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.
Commercial real estate markets appear to be looking beyond the immediate challenges and are considering income prospects over the long term. The industrial sector is lifting prices across global regions in anticipation of further income growth as supply chains adjust to new ways of connecting with consumers worldwide.
Many view this infrastructure bill as a generation-defining piece of legislature that when combined with the passing of the reconciliation budget will likely produce a building boom across the U.S. not seen since the New Deal in the 1930s.
The RCA CPPI composite index shows that both global deal volume and commercial property prices climbed to new highs in the third quarter of 2021. Economists at RCA point to this confluence as a sign that buyer expectations are adjusting upward as the market moves past the lows of the worst parts of the pandemic.
If you wondered where all the people moving out of cities’ urban cores are going, the answer is the populace has discovered suburban settings. Recent data from the Census Bureau reveals that American suburban markets are expanding and have experienced a gain of 4.7 million residents between 2010 and 2019.