Industrial sector shines in latest outlook for commercial real estate market

New sources of demand make the industrial segment the star of commercial real estate, according to Peter Muoio, ‎chief economist and head of research at Ten-X Commercial, the nation’s leading online real estate marketplace. The drivers for industrial space include e-retail fulfillment and distribution, cloud computing and the proliferation of legalized marijuana. “From the demand side, the industrial space is firing on all cylinders,” said Muoio. The country’s current economic expansion is now one of the longest in history and economists are pondering just how much longer it will last.…

Read More
Martens Companies NAI Martens 

Amenities could be key in spurring downtown Wichita office demand

There is still office space to be had in Wichita, especially in the downtown area. But one local broker says owners and developers might want to think about spending money to make money — especially if they are going to overcome the parking problem that remains one of the biggest drawbacks to officing in the city’s core. By turning some vacant office space into amenities for tenants, says Patrick Ahern, a commercial real estate broker with NAI Martens, buildings could add important new draws in an age where demands go beyond…

Read More
Martens Companies NAI 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…

Read More
Martens Companies NAI Martens 

Where are the Offices: Do Tenants Prefer the City or the Suburbs?

It’s been an ongoing debate as to whether tenants are favoring the suburbs over the city. As we see more office campuses such as Toyota and Liberty Mutual pop up in suburban areas, the favorability of suburban markets is making headway when compared to the city. So, where are the offices? Here are four factors to consider when deciding between suburban and urban offices: Considering Space Requirements There is certainly no shortage of space in the suburbs, giving companies ample space to build out the perfect office campuses for their…

Read More

This week in Wichita Real Estate 11.3.17

Wichita Real Estate News This week’s top Wichita real estate news  Granite City’s Wichita locations close Both of Wichita’s Granite City Food & Brewery locations have closed…Wichita Business Journal Bank Expanding Wichita headquarters Growth at Vintage Bank Kansas has produced an expansion of its northeast Wichita headquarters….Wichita Business Journal The Largest Commercial Construction Projects in the Wichita Area   More Wichita Real Estate News Construction starts on westside restaurant Maize manufacturing plant now in construction phase Cocoa Dolce to open new west-side location Soccer club, nonprofit arm being relocated to…

Read More
Martens Companies NAI Martens 

Glenn Cox of NAI Martens Awarded Scholarship

Glenn Cox, a financial analyst at NAI Martens, announced this week that he was awarded a scholarship through the NAI Global Young Professionals Network. The scholarship will allow Cox to take a class through the National Association for Industrial and Office Parks, or NAIOP. The class is normally $795 for non-members. Annually, only 10 NAIOP scholarships are offered around the world to NAI Young Professionals. Cox applied for the scholarship in August. “I love finding opportunities to gain knowledge outside of my traditional education and applying for this scholarship seemed…

Read More

This week in Real Estate 10.27.17

Wichita Real Estate News This week’s top Wichita real estate news Market Centre apartments work set to begin in December One of the point men for a renovation project that would put more than 100 apartment units in the Market Centre building downtown says work is set to begin later this year…Wichita Business Journal Union Station lands startup Late next year, downtown Wichita will be home to the first production facility of local wine company Jenny Dawn Cellars…Wichita Business Journal   More Wichita Real Estate News Community input will be…

Read More
Martens Companies NAI Martens 

Monday’s with Martens 10.23.17

Since 2003, Dr. Stan Longhofer, Director of the WSU Center for Real Estate, has authored the annual Kansas Housing Market Forecast. The 2018 theme, “The Hunt is On!”, reflects the fierce competition among buyers for the limited inventory of homes available for sale across the state. Whether you are a buyer, a seller or a real estate professional, this year’s Kansas Housing Markets Forecast Series will help you “track your quarry.” Reports are available for Wichita and each of the metropolitan areas in the state. Housing Market Outlooks are also available for…

Read More
Martens Companies NAI Martens 

This week in Wichita Real Estate 10.20.17

Wichita Real Estate News This week’s top Wichita real estate news Construction begins on new Cargill headquarters Construction, planned to take about a year, has started at the site of the new Cargill Protein headquarters in downtown Wichita…Wichita Business Journal Sedgwick County a finalist for wayward Tyson Foods plant Sedgwick County is one of three finalists for a Tyson Foods processing plant…Wichita Business Journal   More Wichita Real Estate News Old Town bar has closed to the public, now has new purpose Prairie Pointe twin-home development coming to Cornerstone Hillsboro business expanding…

Read More
Martens Companies NAI Martens 

What’s coming: A look at development on the river

In the past couple of years at least $137.5 million in projects have been announced for the Delano area along the Arkansas River. As larger developments continue to expand closer to the edges of the city, such as the areas surrounding Greenwich Place and New Market Square, the Wichita City Council is looking to revitalize the core. Developments have taken place or been announced for other portions of the downtown market, like The Douglas Luxury Apartments,  College Hill’s new Uptown Landing and plans for the lot across from Intrust Bank…

Read More