Category: NAI Martens

The commercial real estate industry is no stranger to redevelopment. It’s common for commercial assets to move through sector conversions where one type of property is repurposed to fit into a new CRE module. For example, unused big-box retail spaces are often transformed into industrial assets to accommodate an updated industry need. It’s pretty easy to see why. Their sprawling floor plans make for wonderful warehouses. But, there’s something relatively new going on. Vacant retail spaces are being converted into offices in big cities around the country. We haven’t really…

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The boundaries of real estate technologies keep on expanding. Are you up to speed? When looking at real estate technology trends, it seems like progress will never end. Ground-shaking technological advancements are spearheading the commercial industry by transforming how this business gets done, how tenants interact with properties, and how we view the CRE industry as a whole. It’s 2020 and the pace is unprecedented. Commercial real estate pros from all around the globe need to keep their eyes on these highly anticipated tech trends. These are the biggest technology…

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Welcome to the age of e-commerce. The contemporary digitized shopping module is impacting commercial real estate in more areas than just retail and industrial – it’s also having strong impacts on multifamily. Multifamily tenants rely on massive online realtors, such as Amazon, meaning more packages are coming through the door – and they all need to be processed through the building’s centralized mail circuit. A few years ago, this wasn’t much of a stressor for management. However, the times have certainly changed and the sheer number of online orders isn’t…

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Malls have had a tough run for the past few years. Once the wave of mass store closures that caused the ‘retail apocalypse’ scare hit, shopping malls took the brunt of it. In the blink of an eye, mall assets became empty and vacancy rates were on the rise. Many of us have been thinking that the shopping mall model was ‘dead’ and didn’t have much hope to be revived. However, in the latter half of 2019 things began to change. Brands announced their return to the mall scene after…

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Gyms aren’t what they used to be. Driven by the latest trends and consumer demands, the fitness industry is undergoing some big changes. These new developments within the fitness space are also impacting commercial real estate as the physical assets need to adapt alongside the changing tenant needs. Here are 4 trends in today’s world of fitness that are changing the way this business interacts with CRE. The Era of Boutique Fitness In recent years, the entire fitness industry has gotten more luxurious than it’s ever been before. Whether it’s…

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In search of greater workspace positivity, enhanced team performance, and professional wellbeing; today’s offices are getting closer to nature. Outdoor offices are making waves in the world of workspace design. This new trend is expanding the boundaries of the office layout and tons of property developers are eager to hop on board. But, it may be wise to take a deeper look at the situation to see if and how it could be applied to your CRE property. If you’re thinking about adding an outdoor office to your existing building,…

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Energy efficiency is a hot topic within the commercial real estate biz. It seems like the entire industry is looking for effective, affordable, and successful ways to cultivate assets with greater eco-consciousness. This is especially true within CRE’s office sector. Offices all around the globe are concerned with creating greener buildings that cut back on waste and limit negative carbon footprints. In effect, the race towards energy-efficiency is creating a big competition amongst office buildings. High LEED certification makes a huge difference in esteem, repertoire, and modernity – it’s becoming…

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Multifamily has been a popular commercial real estate sector for the past few years. Investor interest was high, new developments were in the works in major cities throughout the country, and vacancy rates were dwindling. However, this positive outlook is starting to experience opposite pressures. The rising construction costs that plagued the industry in 2019 are still making it difficult and expensive to build new multifamily developments. But, it’s not only the high building costs that are inhibiting new multifamily projects. It’s also a skilled labor shortage within the construction…

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