Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
As the COVID-19 outbreak continues to change our daily lives, it is crucial to keep yourself equipped with tools and strategies to help keep your business moving forward. As the impact of the pandemic continues to intensify globally, it is essential that teams are managed well and that there is effective communication during these challenging times.
On any given day, you see cars stopping across the street from 1717 Second Street in downtown Sarasota, Florida – people admiring new twin, 20-foot murals. The murals adorn the white stucco walls of the multi-tenant office building. Throughout the day, people take selfies with the vibrantly colored pop art honoring medical workers.
As the world adjusts to the global pandemic caused by COVID-19, remote work has proven to be an effective strategy for offsetting the economic effects of the pandemic. Remote tools or work-from-home tools allow businesses to stay open and productive without putting their employees at risk for being exposed to COVID-19, also known as the coronavirus.
Lease renewal may be an annual event for any resident; however, retaining residents should be a top priority for management and staff all year long. One of the best ways to maintain residents is to keep them engaged. Creating an environment residents love and where they want to live is more than having fresh cookies or drinks set out in the leasing office.
Persistence has defined his 40-year career in commercial real estate – he has endured numerous economic crises. After moving to Naples from Cincinnati in 1978, he started a plumbing supplies business but redirected his efforts, earning a real estate license in 1980. Michael then started a small brokerage in 1982, merging with a Coldwell Banker Commercial affiliate in 1991.
As many states begin setting schedules for lifting their COVID-19-related shelter-in-place orders, businesses across the United States are starting to think about what that means for the company. Make no mistake: experts predict the world will never be the same again after this pandemic.
This is a story about two family trees in commercial real estate that are stronger and growing because of bifurcation, or in human terms, multi-generations working together to provide enriched services to their customers.
If your organization is like most others, you have multiple team members in different locations or working remotely from home or another area. Whatever the case, these remote team members usually interact with your in-office employees, making it crucial to have systems in place to allow this communication.
Since COVID-19 is spread largely by people coming into close contact with one another (within 6 feet), apartment buildings and multifamily dwellings are at higher risk, with an increased risk of an infected tenant unintentionally spreading the virus to neighbors and other residents. This phenomenon is known as community spread.
The coronavirus has devastated the restaurant industry in a way that was not anticipated. Businesses have closed, curtailing their income streams and employment. Restaurants have contracted with their lenders and landlords based on an economic model that will likely no longer exist.