Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
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.
The retail go-to-market approach continues to evolve. We frequently read about retailers growing, contracting or re-inventing their multichannel sales approach. While the second industrial revolution lasted from 1850 to 1914, it seems the current retail revolution is happening at lightning speed.
It wasn’t until 1998 that the railroad was purchased by Upstate Forever, a local nonprofit who launched a campaign for public acquisition of the line to convert it to a trail. Now a 22-mile multiuse greenway, the Swamp Rabbit Trail system stretches from north of Traveler’s Rest through Greenville.
Americans have many ways to quench their thirst, from sodas to designer waters. A visit to a ballpark often doesn’t seem the same without a hot dog and a cold beer. While per capita beer sales have fallen 12% from 20091 levels, the number of craft breweries has exploded.
According to a report from Reis, U.S. retail vacancies were at 10.2% at the end of 2018, a marginal increase from 10.0% a year earlier. Current market trends have challenged retail owners and investors with vacancies in retail spaces on Magnificent Mile, Fifth Avenue, and Main Street.