Category: Martens Companies

By some estimates, shoppers were spending $1 million per minute at the peak of Black Friday. By the close of business, $5 billion was estimated to have been spent online. Estimates are that Cyber Monday will be even bigger with digital sales of $6.5 billion; signs that the retail experience in the future will be totally different than it is today. Tailored customer experiences and seamless integration of online and brick-and-mortar will be pillars of the retail experience.  The following are some insights into how retailers are preparing for the…

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Thanksgiving is right around the corner, and while the commercial real estate industry has experienced its share of challenges this year, it’s also evolving at an unprecedented rate. Change creates opportunity, and from booming industrial markets to the promise of new technologies, CRE professionals have a lot to be thankful for this year. 1. Industrial Just Won’t Stop Growing Last year the industry was thankful for industrial real estate’s explosive growth. Happily, that success only accelerated this year. Colliers International‘s latest report said the U.S. industrial market clocked its 29th…

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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…

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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…

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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…

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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…

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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…

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