Author: naimartens

Commercial real estate (CRE) is counting the costs of Covid-19 as the property tax bills went out last month. Bloomberg News is reporting that the property tax bills have shone a stark light on what they’ve termed the “carnage wrought by the pandemic” on one of the world’s most resilient and vibrant CRE markets, New York City (NYC) – and some of its most iconic landmarks. Furthermore, the valuations method is being criticized by many owners who want to push the city for further relief, according to BisNow. No small…

We’ve been on a mission lately, to share best practices and some of our favorite commercial real estate (CRE)-related technology tools in a series of blogs. This is our fifth in the series, and explores the uses of Salesforce. For clarity, this is NOT a paid or sponsored blog. We are motivated only by sharing information with our network. We want to hear from you too: What are your favorite tech tools? Is there a CRE digital solution we should know about? Below we provide just a few reasons why…

Real Capital Analytics (RCA) has released their latest US National All-Property Index data for industrial, apartment, retail, and office sectors, which shows index growth of 8.4% year-on-year to April 2021. The biggest gains were evident in Industrial (up by 9.4%), which we all know has been one of the few spaces for which Covid-19 proved to be a boon. But GlobeSt analysis of Crexi data and Moody’s Analytics suggests that a “market correction” may be on the cards In the monthly Crexi National Commercial Real Estate report, they write, ‘for…

It is now a well-established fact that the retail sector was both broadly and deeply affected by the Covid-19 pandemic, in the US and abroad. Our NAI Global Real Estate Outlook study, Q42020, includes the finding that over half of survey respondents (57%) said the “Amazon effect” was expected to have an even larger impact on their CRE markets than the pandemic itself. Additionally, as we’ve reported, e-commerce fulfilment and warehousing are now seen as a dominant drive factor in real estate markets, leading the report authors to deem e-commerce…

Last week saw the official return of affiliated baseball to Wichita. The journey to this point was filled with unexpected setbacks – controversy over a land deal, a pandemic, a change in the team’s MLB affiliate and the sudden death of team owner Lou Schwechheimer. But none of these seemed to matter on the night of the home opener, which saw a crowd of nearly 8,000 show up. The community appeared excited to witness its first taste of affiliated baseball since the Wichita Wranglers last game in 2007. The success…

In late March 2021, the International Monetary Fund (IMF) published a blog about the “crossroads” that real estate currently finds itself, and warning that this has implications for the wider economies and economic stability. It is a fascinating read and one that really drives home the centrality of the commercial real estate (CRE) sector. “Empty office buildings. Reduced store hours. Unbelievably low hotel room rates. All are signs of the times. The containment measures put in place last year in response to the pandemic shuttered businesses and offices, and dealt…

Commercial real estate (CRE) comes alive with compelling photography, and this has never been truer than in this age where most prospective tenants and clients begin and end their search for property online. Of course, there are some things a great photo can’t do: it can’t negotiate rates, or check leases, and it certainly doesn’t have the connections that a broker has. Thankfully, they are not competing. In CRE, a great photograph (several actually) and a great broker are a killer combo. Here’s how to get the best visuals of…