You are here
Did you know? 

Industrial Cold Storage: 5 Things to Know

Amazon’s growth into grocery is transforming industrial cold storage from a niche CRE market into a necessary link in grocery supply chains. According to the numbers, millennials will affect overall online grocery sales with some predicting that within seven years, 70% of people will buy their groceries online. A rising tide of new online grocers as well as traditional grocers is getting into same day delivery in order to meet that demand – increasing the need for more cold storage facilities. More than that, online and brick-and-mortar grocers are looking…

Read More
Did you know? Industry News Local Development Research 

Market Insight: City of Wichita Economic Development Policy and Incentives

Download a printable copy of this Market Insight by clicking here. In 2017, the City of Wichita adopted a Speculative Industrial Building Program. The Spec Industrial Program provides an incentive to provide large industrial/warehouse space needed in Wichita for Economic Development recruitment. Upon city council approval, eligible projects—see building requirements below—will receive sales tax exemption on all materials, as well as a 95% tax abatement for the first five years. The following five years 50% tax abatement will be granted contingent upon an occupancy rate of at least 50%. The…

Read More
Did you know? 

5 Interesting Facts about Transit-Oriented Developments You Might Not Know

Transit-Oriented Development is all the rage in CRE these days. Partly as a result of a sharp decrease in car ownership among city dwellers and millennials in general and the need to find new uses for vacant spaces, transit-oriented development is a trend that began several years ago and will continue to get bigger and spread to more cities. Here are 5 things you might not know about TOD: #1: Atlanta’s Transit Authority Developed the Guidelines Identifying the Core Elements of TOD There are 4 core elements for designing a…

Read More
Did you know? 

4 Commercial Leasing Myths Debunked

Commercial leasing is a complex business. Understanding terms, finding the right properties, negotiating the best short or long term deal possible is all complicated by the detailed financial and legal processes that have to be secured along the way. Without the aid of a professional broker, tenants can find themselves locked in a long term deal that doesn’t work all because of some common leasing misconceptions. #1: Trying to Lease in Retail is Futile Unless speaking of online retail, the industry has taken its lumps over the last couple of…

Read More
CRE Trends Did you know? 

Industrial Properties See New Light

The Industrial Revolution truly revolutionized the United States, completely changing the face of the nation. With it, came large scale industrial buildings and warehouses — many of which would eventually become empty, vacated properties. Fast forward a couple hundred years, and whole the processes in those buildings have certainly changed, the buildings themselves are still pretty similar. Industrial spaces are still big and expansive, often making them difficult or nearly impossible for another business to come in behind them and fill the same space. This is where adaptive reuse comes…

Read More
Did you know? 

4 Things to Look for When Shopping for an Office Space to Lease

Finding office space to lease, especially in the city, can be trickier than you would think. CRE is an entirely different beast from residential real estate or even residential rentals, coming with its own set of rules, questions to ask, and more. This big step for your business can quickly turn from exciting to stressful — if you don’t know what to look for or the right questions to ask. Wondering what to look for when shopping for an office space lease? Read on to learn more… 1) A space…

Read More
Did you know? 

4 Ways Amenities Have Changed the Office Landscape

While one-size-fits-all office spaces have ruled the landscape in the past, the trend is shifting away from cookie cutter and moving toward a different kind of workspace with unique amenities. These amenities represent a much more flexible and activity-based design approach to the workplace which, when incorporated, can both attract and retain employees — an obvious benefit to employers. It’s no secret that “location, location, location” applies to commercial real estate as much, if not more than, residential real estate. But a good location and fun coworkers simply isn’t enough…

Read More
Did you know? 

4 CRE Trends We Can Attribute to Millenials

Today’s workforce is undergoing a major shift in population. As of 2017, 56 million Millennials are either working or actively searching for work, making them the largest segment of the U.S. labor force, surpassing Gen Xers in 2016. More than one out of every three American workers is a Millennial — more than Gen Xers and much more than Baby Boomers. And, just as every other generation that came before them, Millennials pride themselves on marching to the beat of their own drum, if you will — wearing different clothes,…

Read More
Did you know? Industry News 

Are warehouses now more valuable than offices? Here is what you need to know!

Big-box warehouses are officially worth more than office buildings. You read that right. That’s according to a  report, which said that in 2017 big-box warehouses (measuring at least 200,000 square feet and boasting 28-foot ceilings) sold at an average capitalization rate of 5.8%. That’s below the 6.7% cap rate for all U.S. office space and nearly beats the 5.7% rate for offices in central business districts, Bloomberg reports. Cap rates measure yield, and lower rates signify a greater value. So how is it that warehouses, a sector often overlooked just a few…

Read More
Did you know? Local Development 

Whats coming in 2018: Attractions and events

From March Madness to dinosaurs in Derby Wichitans have a lot to look forward to in 2018.  Here’s a look at some of the big events and attractions coming your way in 2018. NCAA Men’s Basketball Championships, First and Second Rounds For the first time, Intrust Bank Arena will be hosting first and second round games of the NCAA Men’s Basketball Championships. Games held in Tulsa brought an estimated $8 to $10 million to the local economy.   Head over to Intrust Bank Arena’s Website for more information. Field Station Dinosaurs, Derby Opening…

Read More