Commercial Real Estate’s Changing Local Landscape
Greater Wilmington Business Journal’s Insightful Discussion on CRE
June 15, 2016–McKim & Creed regional manager Richard Collier, PE, was one of five commercial real estate professionals interviewed by the Greater Wilmington Business Journal for a discussion on the changing development landscape in Wilmington, North Carolina.
In the “ Insightful Discussions” feature, Richard and other representatives from Wilmington’s real estate community answered the following questions:
- How would you describe the current state of our region’s commercial real estate market?
- What is the most interesting trend you see in a particular segment of the market?
- How does the Wilmington region grow thoughtfully by balancing the need for new commercial and residential development with maintaining the lifestyle we enjoy?
- What are the best signs you have seen in our commercial real estate market since the Great Recession?
- What are your biggest concerns around construction and commercial development in our region?
- What is the next “hot spot” for commercial development in our region?
- How do you advise companies that are looking at upsizing or downsizing a commercial space?
- What are the most common mistakes people make when buying, leasing or building commercial property?
- What is the top thing our leaders can do to help create new jobs in our region?
- What are the transportation issues you would like to see addressed to assist with growth in the area?
- With future development, what opportunities do you see for redevelopment and infill?
- There has been a surge of construction of apartment communities in our region. Do you see this as a problem? What do you see happening in this segment of the market in the next five to 10 years?
In addition to Richard, other participants in the “Insightful Discussions” were Steve Anderson, manager, The Offices at Mayfaire IV, V, VI LLC; John Cheshire, LEED AP, business development associate, Clancey & Theys Construction Company; Ken Dull, president, McKinley Building Corporation; and Grayson Powell, president, Coldwell Banker Commercial Sun Coast.
Richard has nearly 30 years’ experience as an engineer and land planner, and serves as vice chair of the City of Wilmington Planning Commission.