Category: Martens Companies

Wichita Commercial Real Estate News This week’s top Wichita real estate news Martin Pringle makes a move With its lease at the Ruffin Building ending, the leadership at the Martin Pringle Law Firm in Wichita was faced with an age-old question — should it stay or should it go?….Wichita Business Journal  Wichita is on Marcus Lemonis’ list of new Gander Outdoors stores In May, when Camping World chairman and CEO Marcus Lemonis purchased Gander Mountain out of bankruptcy, he told Have You Heard? that “one way or the other” he’s coming to Wichita….Wichita Eagle Gander Outdoors issues Wichita release,…

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If you are in the market to purchase or lease commercial real estate, you probably know there are a lot of options out there.  Here at NAI Martens, we want to help you search the right way so you can make the best decision for you and your business. First off, you should set a budget and figure out what your needs are.  Then comes the hardest and most important step: finding the perfect commercial space to meet your business needs. There are many tools out there that can help…

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In a first major legislative victory for the Republican Party since President Trump took office, the House and Senate have passed the Tax Cuts and Jobs Act. The $1.5 trillion bill marks the first major overhaul of the U.S. tax code since 1986 and is expected to be a great boon for commercial property owners. Industry analysts predict the new tax code will strengthen demand in the multifamily sector and spur corporations to put more money into real estate assets and new development, in addition to preserving or improving most of the existing tax breaks for…

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Everyone who is in Wichita knows it’s fairly cheap to live here, but apparently it’s also pretty economical to start a business here, too. SmartAsset, a New York-based financial technology company, has a new study on cities with the lowest costs to start a company nationally. As a public relations person touting the study wrote, “Wichita ranks in the number four spot!” Only Chattanooga and Knoxville, Tenn., and Greensboro, N.C., rank better. On average, a 1,000-square-foot lease is $14,720 in Wichita. That’s actually a bit cheaper than each of the top-ranking cities…

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Wichita city leaders are bringing back a speculative industrial building program. At Tuesday’s meeting, the City Council voted 6-1 to reimplement a program that was first introduced in 2012. The program, which will be a little different than the one that ended in 2014, utilizes industrial revenue bonds to provide a sales tax exemption on construction materials and property tax abatement for perspective businesses. The property tax abatement would last for up to 10 years. Buildings would receive a 95 percent abatement for the first five years and a 50…

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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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After weeks of speculation, President Donald Trump’s tax reform bill passed the Senate 51-49 around 2 a.m. Saturday. The bill, crafted to encourage more investment by U.S. companies and to boost the country’s economic growth, is particularly generous when it comes to commercial real estate developers. The final version of the nearly 500-page tax bill includes last-minute changes such as a larger tax break for pass-through entities, common among real estate developers. The legislation offers a 23% tax deduction for businesses set up as a partnership or entity with a tax burden that transfers to an individual; this deduction used to sit at 17.4%. Much remains unknown…

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Companies ranging from the big automakers in Detroit to tech firms in Silicon Valley are pouring research dollars into driverless cars, and this development is projected to completely change the future of commercial real estate. This transition creates opportunities for new investment as well as challenges for existing properties. Demand for parking The biggest effect of driverless cars will be a reduction in demand for parking. As cars become fully autonomous, passengers can be dropped off at their final destination and continue to pick up other passengers or park themselves…

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Current Economic Conditions by Federal Reserve District- November 2017 Overall Economic Activity Economic activity continued to increase at a modest to moderate pace in October and mid-November, according to anecdotal reports from contacts across the 12 Federal Reserve Districts. There was a slight improvement in the outlook among contacts in reporting Districts. Pre-holiday reports of consumer spending on retail and autos were mixed but largely flat; still, the outlook for holiday sales was generally optimistic. Many Districts highlighted growth in the transportation sector, although the New York District reported a…

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Our new quarterly report will give you an overview of office, retail and industrial activity and trends in the Wichita market during the third quarter! To view or download the 3Q ’17 Wichita Market Report, please submit the form below.

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