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Industry News 

Fed Beige Book: Commercial Real Estate Activity Continues to Experience Slight Growth

Overall Economic Activity Reports from the 12 Federal Reserve Districts indicated that the economy continued to expand from late November through the end of the year, with 11 Districts reporting modest to moderate gains and Dallas recording a robust increase. The outlook for 2018 remains optimistic for a majority of contacts across the country. Most Districts reported that non-auto retail sales expanded since the last report and that auto sales were mixed. Some retailers highlighted that holiday sales were higher than expected. Residential real estate activity remained constrained across the…

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Industry News Technology 

3 big changes expected in the retail 2018 landscape

Experts predict that next year, online retail sales will almost reach $3 trillion. Predictions for brick-and-mortar retail have been dwindling over the last decade but expect big changes to reverse that trend as well. What will the retail 2018 landscape look like? Here’s what you can expect. Expect More Direct Targeted Outreach to Customers The IoT and mobile technology will likely only get broader as we move through 2018. These technologies are going to make lead generation much easier for retailers; automating more big data analysis to improve warehousing and distribution…

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Industry News Research 

Q4 2017 Transactions Report

The local real estate market is changing everyday, and we are pleased to present our Q4 2017 Transactions report to help keep you up-to-date on the latest sales and leases! Take a look at the report and then head over to our website to learn how your property could end up on this list! Q4 2017 Transactions Q4-2017 Transactions Report   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…

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Industry News 

The Silver Tsunami: Questions and Answers

Today, the Silver Tsunami is being discussed more and more. It is an issue that will affect commercial real estate and a great deal else. Read below to learn a few quick facts about this event. What is the “Silver Tsunami?” The “silver tsunami” is a phenomenon which refers to the exit of a large number of baby boomers from the workforce as they reach retirement age. News organizations have been slowly reporting on the issue for years now. It stands to have a major impact on a wide variety of…

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Industry News 

Foreign Investors Continue to Prefer Industrial Properties in 2018

The ranking, which puts multifamily in the second spot for investor preference, marks a significant change in market dynamics. For the second year in a row, industrial real estate topped the list of global investors’ preferred U.S. property types, according to the results of the 2018 survey conducted by the Association of Foreign Real Estate Professionals (AFIRE), an organization devoted to promoting cross-border investment in real estate. The ranking, which puts multifamily in the second spot for investor preference, marks a significant change in market dynamics. For a long time, as the…

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Industry News 

The Tax Bill Is a Clear Boon to the CRE Industry. Will It Prove Too Much of a Good Thing?

In a first major legislative victory for the Republican Party since President Trump took office, the House and Senate have passed the Tax Cuts and Jobs Act. The $1.5 trillion bill marks the first major overhaul of the U.S. tax code since 1986 and is expected to be a great boon for commercial property owners. Industry analysts predict the new tax code will strengthen demand in the multifamily sector and spur corporations to put more money into real estate assets and new development, in addition to preserving or improving most of the existing tax breaks for…

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Did you know? Industry News 

Wichita ranks high in study of cheapest markets to start a business

Everyone who is in Wichita knows it’s fairly cheap to live here, but apparently it’s also pretty economical to start a business here, too. SmartAsset, a New York-based financial technology company, has a new study on cities with the lowest costs to start a company nationally. As a public relations person touting the study wrote, “Wichita ranks in the number four spot!” Only Chattanooga and Knoxville, Tenn., and Greensboro, N.C., rank better. On average, a 1,000-square-foot lease is $14,720 in Wichita. That’s actually a bit cheaper than each of the top-ranking cities…

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Industry News Local Development 

Wichita City Council green lights speculative industrial building program

Wichita city leaders are bringing back a speculative industrial building program. At Tuesday’s meeting, the City Council voted 6-1 to reimplement a program that was first introduced in 2012. The program, which will be a little different than the one that ended in 2014, utilizes industrial revenue bonds to provide a sales tax exemption on construction materials and property tax abatement for perspective businesses. The property tax abatement would last for up to 10 years. Buildings would receive a 95 percent abatement for the first five years and a 50…

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Industry News 

How will the Senate-approved tax bill offer a big break for real estate developers?

After weeks of speculation, President Donald Trump’s tax reform bill passed the Senate 51-49 around 2 a.m. Saturday. The bill, crafted to encourage more investment by U.S. companies and to boost the country’s economic growth, is particularly generous when it comes to commercial real estate developers. The final version of the nearly 500-page tax bill includes last-minute changes such as a larger tax break for pass-through entities, common among real estate developers. The legislation offers a 23% tax deduction for businesses set up as a partnership or entity with a tax burden that transfers to an individual; this deduction used to sit at 17.4%. Much remains unknown…

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Industry News Technology 

4 Ways that Driverless Cars Could Impact the CRE Industry

Companies ranging from the big automakers in Detroit to tech firms in Silicon Valley are pouring research dollars into driverless cars, and this development is projected to completely change the future of commercial real estate. This transition creates opportunities for new investment as well as challenges for existing properties. Demand for parking The biggest effect of driverless cars will be a reduction in demand for parking. As cars become fully autonomous, passengers can be dropped off at their final destination and continue to pick up other passengers or park themselves…

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