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Monday's With Martens 

Monday’s with Martens 3.5.18

In our Year End 2017 Market Update that was shared last week, we observed that “changing demographics, consumer expectations and omni-channel retailing will reshape retail in the Wichita market. National retailers, new to the market, will continue to look to free standing power center locations and available space in well located and maintained lifestyle and enclosed mall properties. Entertainment, health and fitness and restaurants remain popular shopping center tenants. Store closings and consolidation will continue and the sector will need stronger population growth and an increase in household income in…

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Monday's With Martens 

Monday’s with Martens 2.5.18

  Over the past few years, NAI Martens’ team of Jeff Englert and Nathan Farha have emerged as leaders in the Wichita, Kansas multifamily investment arena. Working on deals ranging from four-plexes to portfolios in excess of 600 units, they have worked with a number of first time investors. From those experiences they have developed a list of five things every new investor should know before getting started with multifamily properties. Don’t confuse where you would live personally with where you should invest in apartments. It’s not about what feels comfortable…

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Monday's With Martens Technology 

Monday’s with Martens 1.29.18

Previously, we shared some of the big picture drivers for CRE in 2018. In this, and future articles, we’ll look at trends specifically related to the primary market sectors. This week we’ll look at retail and the shopping experience. It has undergone massive changes over the past two decades, especially as e-commerce has won over consumers and smartphones have become the must-have accessory. These days, retailers work around the clock to navigate a digital world that continues to evolve at a dizzying pace, while tech-savvy consumers have increased their demands…

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Monday's With Martens Research 

Wichita Core Report 2017 Q3

NAI Martens is pleased to present this year’s third quarter Wichita Core Report. Take a look inside to see the latest trends in the core retail market. Please click below on the publication to view or download.   CLICK HERE:   The Wichita Core Report is the product of the most comprehensive database of commercial real estate information in the Wichita retail submarket. Led by NAI Martens’ Research/GIS Specialist Drew Gannon, the Wichita Core Report database tracks commercial property in Downtown, Old Town, Delano, and the Douglas Design District. For…

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Monday's With Martens 

Monday’s with Martens 11.27.17

By some estimates, shoppers were spending $1 million per minute at the peak of Black Friday. By the close of business, $5 billion was estimated to have been spent online. Estimates are that Cyber Monday will be even bigger with digital sales of $6.5 billion; signs that the retail experience in the future will be totally different than it is today. Tailored customer experiences and seamless integration of online and brick-and-mortar will be pillars of the retail experience.  The following are some insights into how retailers are preparing for the…

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Monday's With Martens 

Mondays with Martens 11.13.17- How will tax reform impact commercial real estate?

Last week, we shared information on issues related to the Federal Historic Tax Credit (FHTC) Program and how its elimination might affect the renovation of historical properties in Wichita’s core area. However, there are a number of other issues related to the tax reform measures that have broader implications on the CRE business. According to Globe St.co, commercial real estate came off pretty well in the House Ways & Means Committee’s tax reform measure. Now the Senate Finance Committee has introduced its own version of the plan, and there are…

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Monday's With Martens 

Mondays with Martens 10.2.17

It’s been a pretty exciting 3rd quarter for The Greater Wichita Partnership; created in 2015 to develop a unique, holistic approach to community growth. GWP continues to excel at its mission of growing primary jobs, empowering local entrepreneurs, developing the workforce of tomorrow, recruiting and retaining talent, improving perceptions and strengthening our urban core. Here are some highlights of 3rd quarter successes.

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Monday's With Martens 

Report from 2017 NAI Global Convention

Steve Martens, Kris Wessel and Tom Johnson just returned from the NAI Global Convention held in Carlsbad, California last week. Principals, brokers and marketing managers from offices around the world convened at the La Costa resort for three days of meetings, breakout sessions, education classes and networking. We had the opportunity to meet with representatives of companies across Europe and new members throughout the country and share information on Wichita at the New Professional and International Welcome Reception held the first evening. There were excellent presentations throughout the three days…

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Monday's With Martens 

Mondays with Martens July 24th, 2017

A couple of years ago at an NAI Global convention, I had the opportunity to meet Chris Lee with CEL Associates, a strategic planning firm. Recently, he published a report identifying more than 25 quantifiable factors/variables (highlighted below) that should be the discerning criteria for where and why to invest and capitalize on current emerging and long-term opportunities. He believes the U.S. is becoming a latticework of connective and inter-dependent opportunities that are more cloud-based than asphalt based. The list below highlights some of the factors.   Presence of major…

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