If you’ve tracked home or commercial sales in Reno over the past year, you’ve likely noticed a marked slowdown. Listings are down, closings are less frequent, and overall market activity has dropped. Despite appearances, the cause isn’t a lack of buyers or a collapsing market. The core issue is that deals don’t pencil out due ...
Jesse Whalen, Vice President of The Office Group at Bull Realty, argues that companies leasing office space face the most significant disadvantage in commercial real estate when they forgo professional representation. “If there’s one person in commercial real estate across all sectors who needs a broker more than anybody else, it’s a company occupying any ...
National headlines warn of plunging office values and stalled apartment construction in major U.S. cities, but Philadelphia’s real estate market is showing more resilience than most. Appraisers working locally report that Philadelphia is holding steady, even as other towns face steeper corrections. Unlike New York or San Francisco, Philadelphia never depended heavily on office space. ...
Senior housing is entering a period of acute supply pressure as a five-year construction pause meets a surge in demand from aging baby boomers. Andie Edmonds, Senior Vice President at Colliers, says the sector now faces a significant gap between available inventory and the expectations of today’s seniors. “Construction all but stopped in 2020, right? ...
Investors who acquired Class A industrial properties in Atlanta’s top submarkets as recently as four months ago are now facing immediate valuation losses of 20% or more, according to a broker directly involved in current transactions. These price declines are already evident in live deal data, though they have not yet been reflected in published ...
Healthcare real estate transactions are taking longer to complete, and the slowdown is driven more by rising concerns about federal funding stability than by weak demand or poor market fundamentals. According to Andie Edmonds, Senior Vice President at Colliers, landlords and tenants are now scrutinizing funding sources more closely before entering long-term agreements, creating new ...
The aviation hangar development sector is facing a sharp divide between new and existing rental rates. New hangar facilities are commanding rents 60-70% higher than older inventory at the same airports. Despite the steep increase, tenants are accepting these higher rates because the alternative is remaining on waitlists that can stretch for years. Cary Goldberg, ...
Nashville’s commercial real estate market is facing distress that far exceeds the challenges seen in the residential sector, according to Moren Adenubi, owner and managing broker at Crown Realty Experts. Adenubi, who specializes in both commercial and residential real estate, says the current divergence signals structural changes in how commercial space is used, not just ...
Construction cost inflation has been a central concern for the industry over the past three years. Still, Jim Roland, Senior Vice President of Arizona Operations at Alcorn Construction, says a key factor is being overlooked: labor costs show no signs of returning to pre-pandemic levels. Roland explains that wage increases driven by the 2021-2022 inflation ...
Arizona’s West Valley industrial market has become one of the nation’s busiest logistics corridors. Still, rapid growth is exposing a critical weakness: the region’s power grid cannot keep up with demand, risking delays to future projects. Jim Roland, Senior Vice President of Arizona Operations at Alcorn Construction, says power infrastructure has become the single biggest ...
Arizona’s industrial real estate market is moving beyond its recent surge in speculative construction, with developers and contractors now focusing on sophisticated tenant improvement (TI) projects. This transition marks a new phase in the region’s industrial sector, in which customization and advanced technology requirements are taking precedence over the rapid ground-up development that has defined ...
As residential real estate in Pinellas County faces rising insurance costs, regulatory hurdles, and unrealistic seller expectations, one commercial sector has remained resilient: industrial properties located on high-traffic corridors. According to Mark Hartman, team leader at Charles Rutenberg Realty and a veteran of both commercial and residential markets, the contrast between these property types is ...
A major state road reconstruction project that has extended a routine 12-minute drive into a 90-minute ordeal is causing a lasting shift in commercial real estate patterns in Idaho’s Wood River Valley. According to Matthew Gelso, Associate Broker at Paul Kenny and Matt Bogue Commercial Real Estate, businesses are making location decisions that are unlikely ...
Conventional wisdom about resort markets holds that more seasonal visitors automatically translate to increased commercial real estate activity. Matthew Gelso, Associate Broker at Paul Kenny and Matt Bogue Commercial Real Estate, challenges this view, arguing that the connection between visitor numbers and commercial property demand is far less direct than many investors assume. “It’s a ...
Upstate South Carolina’s commercial real estate market faces a growing challenge: large amounts of vacant office space that may never attract tenants again. But according to Maggie Steck, broker-in-charge at Freedom Commercial, these empty buildings offer a practical solution to the region’s severe housing shortage by converting them to residential use. “Office is not doing well ...
