Author: naimartens

With today’s technology that seems to be evolving at the speed of light, combined with new generations of younger employees, diverse and differing business models, and market competition that is ever changing, how can a commercial real estate building not just stay afloat, but actually thrive in this age of continuous change? Whether you are just acquiring your first commercial building, or you are a true veteran in the industry, there’s no denying that there are some new challenges that are headed your way, in order for your building to…

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If you spend any time at all in the residential real estate world, or know anyone who does, you’ve no doubt heard of the prefab revolution. In fact, there’s a saying that’s going around in residential real estate that your next project won’t be built — it will be manufactured. New advances in building technology and materials are helping today’s manufactured or modular houses shake the negative stereotypes and connotations of the prefab homes from days gone by. But could this revolution ever make its way to commercial real estate?…

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Recently the Wichita Business Journal’s Emerging Leaders program wrapped up. This was the fourth class of Emerging Leaders. The program allows participants to take classes at the Kansas Leadership Center and participate in panel discussions with fellow members. NAI Martens commercial advisor Glenn Cox was a part of this year’s group. The Business Journal asked each participant questions about the program, below are Glenn’s thoughts on the experience. What did you get out the program?  I have gained new perspectives by listening to other members and community leaders. I leave…

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When you are in the market to lease commercial property, your commercial real estate broker will be one of the keys to your success throughout the real estate transaction. Before you commit to anyone, you should always take the time to properly assess the ability and skills of the broker, in order to select the right broker for you and also ensure success. It’s important that you don’t take everything — and everyone — and face value here. You will need to dig a little deeper, asking the right questions…

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in most cases, a listing agent gets paid once the deal is closed. A listing agent who isn’t hard pressed for a big commission check will be less tempted to rush through negotiations or settle for an offer that doesn’t reflect the true worth and value of your property. A thorough and precise individual While the personality of your listing agent may seem like something that is more of a nicety than a necessity, it’s important to understand how several key characteristics can have an impact on the success (or…

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“Use a picture. It’s worth a thousand words.” — Tess Flanders, newspaper editor The notion that a picture is worth a thousand words is by now a cliche, sure — but that doesn’t mean that it’s not true. In fact, quite the opposite is actually true. When it comes to marketing any commercial property, one of the best and smartest investments that you can make is in professional photography of your space. But why? The answer is simple. High-quality photography can be used across a number of different marketing touch…

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Millennials are currently the age group most heavily impacting many industries, including commercial real estate, but Generation Z is hot on their tails. Gen Y, more commonly known as Millennials, are currently between the ages of 23 and 38 and were born between 1981 and 1996. Generation Z is the newest named generation, and are between ages 3 and 23 years old. Both generations have grown up with technology in the majority, if not all, of their adult lives. America’s younger generations have also been put in an interesting economic…

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Office space is a unique sector. Offices need to be functional while suiting many different roles, employees, and personalities. Some offices have argued that an open format workspace is ideal. However, many open spaces can be noisy, full of distractions, and lack privacy. On the opposite side of the spectrum, we have cubicles. These spaces help ensure you have privacy and fewer distractions, but you are basically closed off from interaction and collaboration. In an effort to find a happy medium, you may have heard about flexible spaces. What is…

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Many investors in the multifamily sector have been pleased with the economy’s current status. They have been enjoying benefits and profitable returns, and some of them have come in unexpected places. Specifically, a few submarkets have shown up as leaders in rental growth during the past 8 years. RealPage, one of the leading providers of real estate software and data analytics, looked at 671 submarkets.  These submarkets comprise the 50 biggest multifamily markets in the United States. They rated them based on rental growth from the year 2010 until June…

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Technology has moved on from being a luxury to a necessity. As a society, we now thrive on being constantly connected. In fact, the average American spends about 24 hours a week online and one in five people spend 40 hours per week connected according to a study done by MIT. So is your commercial real estate property wired for today’s tech demands? Commercial investment properties thrive on good returns for investors. So, to maintain happy tenants and reduce vacancy, it is important to give them what they want, use…

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