If we have a housing shortage, how can we continue to have record levels of sales? The simple answer is that not enough existing homes are freshly coming on the market to keep pace with demand. Historically we have seen a 15% absorption rate in home sales. The absorption rate is the percentage of homes […]
Elements of Our Community explores; “Project Re:Code is our first chance in nearly a half-century to adopt modern zoning regulations that meet the communities’ stated goals and aspirations. From Downtown to the rims and from the Yellowstone River to the small farms and ranches surrounding Billings, life is moving and changing. The City, County and […]
Climate change is slowly but surely making its devastating impact all over the world. In two parts, we will explore how the real estate and construction sectors are making efforts to reduce their negative impact on the environment, how climate change impacts investor’s business decisions, the short- and long-term implications of climate change on the […]
The numbers for the first half of 2021 show that market activity has resumed, and commercial real estate is recovering ground lost during the COVID-19 pandemic. There was a significant decline in sales and leasing activity at the outset of the pandemic in 2020 and although there has been a subsequent spike in construction costs, […]
Last week the Wall Street Journal reported Billings as a “Boomtown” and ranked as No 1 on the WSJ/Realtor.com Housing Market Index. This may not come as a surprise to many as we are all aware of the very tight residential market in Billings and the surrounding area. However, what may come as a surprise is the unusually […]
In what is considered the first of its kind, Coldwell Banker Commercial (CBC) unveiled Commercial University®, a brand-new learning application. The innovative resource was created specifically for Coldwell Banker Commercial network professionals. CBC’s collaborative network of independently owned and operated affiliates comprises nearly 200 companies. Commercial University® will serve as a virtual social hub for more than […]
In the world of commercial real estate, investing, and beyond, “Environmental Social and Governance” is becoming a frequent topic of discussion. But what exactly is ESG? Why is everyone talking about it? And what does it mean for your business? ESG stands for Environmental Social and Governance, and refers to the three key factors when measuring the sustainability and ethical impact of an investment in […]
What are the key retail segments for brick and motor growth? For the battered retail sector, 2021 seems to have good things in-store. Just recently, the National Retail Federation issued a revised forecast for the year, anticipating that retail sales will now grow between 10.5% and 13.5% as the economy accelerates its pace of recovery. But e-commerce’s […]
There are few brands in real estate that rise to the level that Coldwell Banker does. Not only has the name been etched on the foundation of an industry, it has survived the test of time, enduring market shifts and rising strong from devastating earthquakes as well as. Coldwell Banker Commercial (CBC) is part of […]
For the first time in several decades, the City of Billings & Yellowstone County have set out on an ambitious program to update the zoning codes called Project ReCode. In many ways, the code will be simpler and tied more closely to the historic nature of certain building types and neighborhoods. If you own commercial […]
