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Martens Companies 

Commercial Real Estate Appraisal Report Types Explained

Martens Appraisal

The latest installment of our education series of articles is going to take a look at the report types that we offer. While all commercial appraisals require a complete appraisal analysis done by the appraiser, the degree in which the details are presented to the client is dictated by the report type. What is the Difference Between Appraisal Report Types? The main difference between the report types is the amount of detail presented within the appraisal. 2014 Report Type Change Overview As of 2014, there are now only two appraisal report…

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Martens Companies 

What Does a Commercial Real Estate Appraiser Do?

Martens Appraisal

So what does a commercial real estate appraiser do anyway? When people think of appraisers they normally think of residential appraising.  It’s natural because most people’s only experience with an appraiser is when they buy a home.  The role of commercial real estate appraiser is not as well-known as it is for appraising residential properties, but they are built on the same principles. In the broadest terms, commercial appraisers estimate the value of different types of commercial properties including land, office buildings, industrial buildings, shopping centers, and hotels. Valuation of…

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Martens Companies 

Fed Beige Book: CRE Saw Modest to Moderate Growth

Martens Appraisal

Overall Economic Activity Economic activity expanded across the United States, with the majority of Federal Reserve Districts reporting modest to moderate growth. New York and St. Louis indicated slight growth, overall, while Dallas reported robust growth driven by strong manufacturing, retail, and nonfinancial services activity. On balance, manufacturers reported moderate output growth; however, several Districts indicated that firms faced rising materials and shipping costs, uncertainties over the trade environment, and/or difficulties finding qualified workers. Demand for transportation services remained strong. Labor shortages were broadly noted and were linked to wage…

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Martens Companies 

Best Western Plus West Lawrence Is Open

Katie Fernando

We are so excited to announce that our latest hospitality project, the Best Western Plus West Lawrence, is open! It has been a great experience seeing this hotel come together. The hotel was developed by the Martens Companies’ Hospitality Development of America LLC division, and is being managed by Hospitality Management LLC. General manager Judy Riling started working for the company in July getting everything ready for the hotel to open. The Best Western Plus West Lawrence features 112 rooms, a meeting room, fitness center, indoor pool, outdoor grilling area…

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Martens Companies 

Six things you should know about Commercial Real Estate Appraisals

Katie Fernando

If you have ever had your home appraised you will find that commercial appraisals differ greatly from residential appraisals. Here is a look at the top things property owners need to be aware of when seeking an appraisal. Impartiality The role of a commercial real estate appraiser, in general, is to remain impartial and unbiased.  Martens Appraisal is a separate company from NAI Martens,  the firm’s traditional brokerage services branch. However, in order to obtain the most up-to-date and relevant market information, our appraisers and NAI Martens brokers work closely…

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Martens Companies NAI Martens 

Does the Sears Bankruptcy Foreshadow the End of Brick and Mortar Retail?

naimartens

News that Sears Holdings would close another 142 Sears and Kmart stores broke Monday following the company declaring Chapter 11 bankruptcy. Once again, the national real estate market will have to explore options for millions of square feet of retail space. None of the remaining stores in Wichita are being closed. The last Wichita Kmart closed in the spring. A Sears department store remains open at Towne East, while Towne West has a Sears Hometown Store.  The Sears department store in Towne West closed about four years ago. Wichita also…

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Martens Companies NAI Martens 

5 New Trends in Green Building for CRE

naimartens

Green building is more than a residential concept – it has become standard in the commercial industry too. Along with automation, artificial intelligence, Smart technology, and robotics, green building technology is helping to meet the new needs in CRE following these three trends: #1: Building for Climate Disasters Did you know that last year the U.S. suffered some of the worst financial losses due to extreme climate events than at any other time in history? The result is a renewed focus, even among the dwindling number of climate deniers, on…

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Martens Companies NAI Martens 

Should You Add a Co-Working Space to Your Office Property?

naimartens

At first, co-working spaces made sense largely for startups and independents. Now everyone is using them. Turns out, it’s a cost saver even for established businesses. Unlike a traditional office lease, tenants don’t have to go through months and months of negotiations and paperwork processing for co-working space. They aren’t even responsible for providing electric, internet, and a lot of office equipment to their employees – that’s the office owner’s responsibility. With studies showing that workers are happier and more productive in co-working spaces – generally speaking – these types…

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Martens Companies NAI Martens 

8 Twitter Accounts to Follow for Wichita CRE News and More

naimartens

Social media has made receiving news from a variety of sources easier than ever! One of the most-used platforms by news sources worldwide is Twitter and Wichita is no exception. Below, in no particular order, are eight Twitter accounts that often cover news concerning local commercial real estate and a mix of other relevant topics. Bryan Horwath – @ICTBiz_BHorwath Bryan Horwath is the real estate reporter for the Wichita Business Journal so his Twitter feed is full of all the big CRE news across the Wichita MSA. He covers more…

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Martens Companies NAI Martens 

Is it better to own or lease in Wichita?

naimartens

Download a copy of this handout by clicking here! With the recent number of significant developments and growth in differing sectors of the Wichita market, an important question arises: whether to own or lease your commercial property. Do you want office space downtown, where new investment has created significant changes, with lower rates in some areas? Do you want your industrial operation near the airport where there is high traffic due to the recent expansion? Or does being in the industrial sector near similar business operations interest you? Do you…

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