In a recently released report from the National Association of Realtors (NAR), one fifth of agents that participated in the survey dealt with a commercial transaction where one side was internationally based. Of these transactions, the most international representation came out of China.
Across the country there is a shortage of construction labor, which has been increasing over the past several years. While certain markets are feeling the effects more greatly than others, it can still be felt throughout the county. Most notably, it is having major impacts on the markets in the mid-Atlantic —including Texas and Louisiana.
There is truth to the belief that there’s a Starbucks on almost every corner. A recent study shows that there are almost four stores per one square mile. With the ubiquity of Starbucks, it is hard to imagine that the company might have reached a saturation point, but it seems that it has come to that point. The study also shows that not only are there Starbucks locations everywhere you turn, but that they are actually hurting each other’s business.
With the internet becoming a part of almost everyone’s daily lives and getting the world more connected than ever, it has quickly become a great resource to help develop the sharing economy and facilitate that sharing to occur. If you are not familiar with the sharing economy, it is the idea that something you own is shared with another individual or that you share something that another individual owns.
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Drone technology was once exclusively used by the military but has entered the consumer market and grown quickly in popularity. Utilizing drone technology for film and photography purposes has added a new tool to many industries, including real estate, and has also created something new for hobbyists. With film and photography applications helping to create the rise in popularity, it was only a matter of time before other industries started to take note.
The commercial real estate sector has been seeing a lot of changes over the past several years and the industry has had to figure out how to work through these changes. One of the categories with some of the biggest changes is the grocery sector. From grocery delivery services to consumers looking for more options, there are many factors at play here and it behooves everyone in the industry to pay attention.
Has the in-store experience given way to the online shopping craze? Not quite yet, according to the experts at Coldwell Banker Commercial Affiliates. The Omnichannel Retail and Commercial Real Estate Survey of November 2016 finds that brick and mortar have yet to roll over and play dead – and, in fact, Millennials actively want to shop in-person.