Author: naimartens

2020 was far from a year of jet setting and traveling. On the contrary, people all over the world were hunkering down in their homes to ride out the coronavirus pandemic. The travel industry’s decline seeps into the commercial real estate arena through hotels and short-term rentals, like Airbnb and Vrbo. Now that we’re on the apex of a new year, are we finally ready to travel again? Hotel Hardships in 2020 Without guests to fill their rooms, CRE’s hospitality sector was in hot water. Data showed that COVID’s impact…

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The pandemic revolutionized contemporary commercial real estate leasing processes. But, we all already know that. This past year has been flooded with conversations regarding commercial real estate’s online migration after COVID put an end to in-person transaction models. The new era of commercial real estate is a product of social distancing efforts combined with efficiency-boosting strategies. The Popularization of Self-Guided Tours With this in mind, it shouldn’t be surprising that the trend of self-guided touring has taken off this year. If you’re new to the idea of a CRE-sector self-guided…

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Nowadays, everything changes so quickly. It only takes a blink of an eye for a massive change to take place. We all learned that lesson the hard way in 2020. The pandemic, economic turbulence, and extreme market activity were constantly changing the situation – which never seemed to settle in one place. Commercial real estate’s tenants were constantly facing uncertainty at a time when they had more questions than ever before. What is safe? What are the rules? What is being done to mitigate the new threats to health and…

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Shopping malls have been at the forefront of commercial real estate conversations for years now. After a seemingly endless discussion, the future outlook of the American shopping mall remains hazy. We still don’t know exactly what will save malls and bring these public shopping centers back into the spotlight for consumers. A New World for Malls Back in 2019, many predictions were made. The most prominent forecast for retail’s revival of the shopping mall was based on experiences. Fun, social, personalized, and specialty – malls were to become a place…

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The recent rise in evictions is becoming a growing concern for landlords. All across the country, rental landlords are reporting a severe uptick in evictions – and it’s making waves within the multifamily sector. Today’s rise of evictions is threatening occupancy and interrupting returns for property owners. These challenges are shaking the multifamily sector, and it’s keeping everyone on their toes. CRE professionals and landlords alike need to know what’s coming to stay prepared and pivot as necessary. Why Are Evictions Rising? First, let’s cover what exactly is sparking this…

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Data is being called the secret weapon of all contemporary businesses. Within the commercial real estate scene, data has become the foundation of the industry’s progress. However, the focus is moving away from data collected from the building’s tenants. Right now, the industry is concerned with data surrounding the building itself. Nothing is more valuable than data… expect maybe how you leverage it. As data becomes a vital commodity for commercial real estate, we’re all challenged to find better applications for data and analysis. Here’s how data is expected to…

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Along with COVID came new problems – many of which had never been considered before in the mainstream. Going through such an unprecedented situation on a global scale was a major learning experience for us all. And, with everyone seeking progress and clarity, consumers have never been more open to extreme changes.  At the top of everyone’s mind is one question: what can we do to upgrade our existing normals to cultivate greater health and safety? Right now, people are looking for solutions. Consumers are hungry for better protocols that…

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Every generation makes a mark on commercial real estate. We’ve just adapted to the new lifestyle cultures that Millennials demanded, but now, the industry is approaching another shift. As the latest group is coming of age and attending college, they’re creating waves within the student housing sector. Born between 1996 and the early 2000s, Gen Z isn’t like their predecessors. This generation, upwards of 90 million strong in the U.S. alone, isn’t being won over by the glitz and glam of entertainment rooms and luxury amenities. Instead, they’ve got their…

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