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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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Industry News 

Will Commercial Real Estate Values Fall? How Investors Can Prepare

Will the commercial real estate market always go up? Of course not. But investors have been spoiled by two decades of double-digit returns that were too good to last. In 2016, returns on institutional-grade property fell below a 20-year 10.1% average for only the first time since the Great Recession, and the latest Urban Land Institute’s Real Estate Economic Forecast puts estimated 2018 and 2019 returns around 6%. Commercial real estate is cyclical, so it’s logical to expect a downturn at some point. But conventional wisdom holds that it won’t come soon. Colliers…

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Industry News 

Fed Beige Book: Conditions in CRE Improved Moderately

Overall Economic Activity Economic activity expanded at a modest to moderate pace across the 12 Federal Reserve Districts in January and February. Consumer spending was mixed, as non-auto retail sales increased in just over half of the Districts while auto sales declined or were flat in every District. Tourism activity was broadly solid, with Atlanta and Richmond recording robust growth in this sector. On balance, Districts reported modest growth in home sales and construction, with the latter constrained by shortages of labor and materials. Conditions in the nonresidential real estate…

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Industry News 

What will happen to Multi-family when boomers Retire en Masse?

In a previous post, we talked about the “Silver Tsunami”.  Americans born during and directly following the end of WWII, commonly referred to as Baby Boomers, represent the second largest age demographic group in the U.S. behind millennials. As this massive group moves toward retirement, it is signaling big changes for multi-family buildings of the future. NAI Global recently offered this look at what it means for Multi-family properties. By the Numbers There are an estimated 70K Americans turning 65 every week. By 2030, the number of Americans age 65 or…

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Industry News 

What impact could Trump’s tariff announcement have on CRE?

President Donald Trump moved to place a tariff on imported raw metals last Thursday and these new duties are already seeing economic reverberations, increasing volatility in the equity markets. But could they have ramifications on commercial real estate? Trump’s announcement of 25 percent steel and 10 percent aluminum tariffs was intended to preserve steel production jobs in the U.S. and reduce the nation’s trade deficit. While it caught some off guard, it probably shouldn’t have. “The announcement may have been a bit surprising and I think it shocked the market…

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