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Industry News 

Will Toys R Us Stores Stay Empty Long?

Shockwaves but not a lot of surprise rippled through the news in March when it was announced that Toys R Us would be closing all of its U.S. stores. Wichita’s Babies R Us store on west Kellogg was in the first round of closures in January this year as the company attempted to climb out of Chapter 11 bankruptcy. The remaining Toys R Us store at 8011 E. Kellogg closed in March along with the rest of the brand’s stores. For some, it was one more sign of retail’s struggles in…

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Industry News Press Release 

Renovations Underway on NAI Martens Leased Building in Delano District

Renovations are underway on the building at 930 W. Douglas in the Delano District. The historic building is being converted to office/retail space. Jeff Englert and Nathan Farha, CCIM of NAI Martens are the leasing agents for the property and have already negotiated leases for two tenants. A full historic renovation will convert the 12,674-square-foot building into a multi-tenant office and retail development. Suites in the property will range from 1,200 to 3,500 square feet in size, with a number of executive offices approximately 215 to 300 square feet. The…

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Industry News Research 

Led by Aerospace, Wichita’s Industrial Market Shows No Signs of Slowing Down

This article appeared in the May issue of Heartland Real Estate Business. You can view the whole issue here: May 2018 – Heartland RE Business The industrial sector remains the prime beneficiary of the  numerous technological shifts occurring throughout the economy. E-commerce continues to fuel demand for distribution and  warehouse  space  in the national industrial sector. The Wichita market remains focused on the aerospace cluster, advanced manufacturing and the growing advanced materials sector to sustain and grow the industrial segment. The current supply pipeline is to remain about the same…

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Industry News Research 

Q1 2018 Market Update – Wichita, KS

NAI Martens presents the Q1 2018 Market Update. Inside you will find market trends and statistics for local commercial real estate during the first quarter! Q1 2018 Market Update   Having trouble viewing? Click here ABOUT NAI MARTENS NAI Martens is the largest full-service commercial real estate firm in Kansas. Founded in 1948 and headquartered in Wichita, NAI Martens provides a vast array of commercial real estate services throughout south-central Kansas and Topeka. NAI Martens is led by CEO Steve Martens, CCIM, CPM, SIOR and President Tom Johnson, CRE – two…

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Industry News 

Fed Beige Book: Commercial Real Estate Activity and Construction Improved Since Last Report

Overall Economic Activity Economic activity continued to expand at a modest to moderate pace across the 12 Federal Reserve Districts in March and early April. Outlooks remained positive, but contacts in various sectors including manufacturing, agriculture, and transportation expressed concern about the newly imposed and/or proposed tariffs. Consumer spending rose in most regions, with gains noted for nonauto retail sales and tourism, but mixed results for vehicle sales. Manufacturing activity grew moderately, and demand for nonfinancial services was mostly solid. Residential construction and real estate activity expanded further, although low…

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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…

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Industry News 

Congress Helps Affordable Housing Developers

The new federal budget just passed by Congress includes a few changes that will strengthen the LIHTC program. Affordable housing developers got a nice surprise when Congress passed its federal budget for 2019, which became law in March 2018. “The recently enacted omnibus contains some welcome increases that will help affordable housing production,” says Scott Hoekman, senior vice president and chief credit officer for Enterprise Community Investment, a non-profit based in Washington, D.C. that helps finance and build affordable housing. The affordable housing industry has been troubled by uncertainty recently. The…

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Industry News 

Mondays with Martens 04.09.18

    As we shared in the last Mondays with Martens, we recently attended the NAI Global Leadership Summit in Philadelphia along with 175 principals, directors and managers from offices worldwide. It was great opportunity to share best practices and to hear from some of the brightest minds in business and real estate over the two-and-a half day conference. As soon as the videos are available, we’ll share a link but in the meantime the following provides a summary of a couple of the key presentations.     Overview of…

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Industry News Research 

Q1 2018 Transactions Report

We are proud to present our Q1 2018 Transactions Report! Take a look below to see our latest sales and leases!   Q1 2018 Transactions Q1-2018 Transactions Report Having trouble viewing? Click here ABOUT NAI MARTENS NAI Martens is the largest full-service commercial real estate firm in Kansas. Founded in 1948 and headquartered in Wichita, NAI Martens provides a vast array of commercial real estate services throughout south-central Kansas and Topeka. NAI Martens is led by CEO Steve Martens, CCIM, CPM, SIOR and President Tom Johnson, CRE – two industry…

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Industry News 

7 Ways to Tailor Workspaces to Ever-Evolving Workplace Trends

When employees at Google were asked to rank their favorite things about working there, the games and perks weren’t the biggest lures. It’s the high wages that Google employees earn, averaging nearly three times the national median wage at $140K per year. It’s providing three free gourmet meals a day for employees. It is weeks of vacation time and company trips and holiday parties that are out of this world. Workplace Trends are Evolving in 2018 This year, LinkedIn’s survey found Google’s parent company, Alphabet, at the top of the list with Amazon…

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