Martens Appraisal completes multifamily appraisal in wichita, kansas Martens Companies 

Martens Appraisal Completes Multifamily Appraisal Work on Project in Wichita, Kansas

LeAnn Adams, MAI recently completed work on a multifamily appraisal project in Wichita, Kansas. The report was prepared for traditional lending purposes. Multifamily appraisals in Wichita, Kansas are more difficult than appraising a single-family home. Generally, Martens Appraisal uses the market approach when completing work on multifamily appraisals, we will look at sales of comparable properties in the market. However, using the income approach—determining the fair market rent of each unit based on comparable rents for other properties—often comes into consideration as well. This is especially true if there aren’t…

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NAI Martens 

Small Apartments Pack a Big Punch for Developers: Here’s Why

CRE is always adapting to keep up with the latest happenings. As the tides begin to change, the commercial end of real estate is ready with strategies to stay afloat. Today, we can see this cycle in action within the multifamily sector. Developers across the country have begun building smaller apartments in efforts to meet the industry’s latest demands. Let’s explore what’s going on and how it’s impacting CRE’s multifamily arena. The Square-Foot Sacrifice In order to stand strong against today’s housing trends, developers have chosen to pursue smaller apartments.…

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NAI Martens 

5 Tips for Finding the Ideal Retail Space for Your Business

Business owners – is it time to move into the retail space of your dreams? Every business needs a commercial space that can meet all of its needs which elevates a business to a completely new level. However, the perfect space isn’t always easy to find. It takes a keen eye to navigate the market and land advantageous leasing terms. To help streamline your search for a retail asset, we’ve compiled a list of 5 expert tips to help optimize the process. Assess Your Current Position Clarity makes a big…

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NAI Martens 

What Does the Office Layout of the Future Look Like?

It’s no secret that CRE’s office sector is going through transformations. In the past year, office floor plans have been continually changing, with new trends dominating the scene as another one takes center stage. This ebb and flow has got the entire industry wondering what the typical office will look like in a couple of years. To get a better idea about what’s coming next, let’s explore the changes in office design and what’s causing these transformations. Why Are Offices Changing? Before we begin dissecting the office scene, it’s important…

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NAI Martens 

5 Reasons CRE Investors Need a Trusted Real Estate Partner

Investors, do you know how important your team is? A 5-star team is the best way to expand portfolios, optimize profitability, and seamlessly manage all your assets. In a competitive industry like commercial real estate, investors need to have a group of experts on their side. One such expert is a trusted real estate partner. Investors should always have a real estate professional working with them to bring their business to the next level. In this industry, your network is everything. Here are 5 reasons why all CRE investors should…

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NAI Martens 

Multifamily Property Owners: 5 Insurance Considerations to Make Before Renewal

Multifamily developers and property owners have a lot on their plates when it comes to insurance policies. Insuring a multifamily property can easily get complicated, so it’s important to know a thing or two about the industry’s specific coverage needs. Insurance needs for multifamily properties are diverse, and owners need to make important considerations. To mitigate the possible liabilities and keep your investment secure, a solid insurance policy is required.  Let’s cover the basics of multifamily property insurance and highlight the 5 most important things to know. Getting a Customized…

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NAI Martens 

Investors: Pay Attention to Opportunity Zones Before the End of 2019

The clock is ticking for opportunity zone investment. Are you prepared? As 2019 comes to a close, investors will need to play their cards right regarding opportunity zones. The coming months will be vital to the development of the country’s opportunity zone program. Here’s a breakdown of what’s happening with OZs and some tips to help investors stay on their A-Game. Off to a Slow Beginning When 2019 started, investors were taking their time. There was a lot of speculation within the industry as to how opportunity zones would play…

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NAI Martens 

4 Things to Think About Before Your Office Lease Renews

Is it that time of year, again? Office lease renewal periods are a great time to reconsider your current terms as it provides tenants with the opportunity to think about some important points. In any commercial deal, lease renewals should be handled with winning strategies. If you’re ready to renew your office lease, make sure to consider these 4 points first: Always Read Between the Lines Tenants should never get too comfortable. Carefully reviewing the exact terms of each lease will help office tenants avoid big problems down the line.…

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Martens Companies 

Huffman to present at International Symposium

Chris Huffman, P.E, a partner in Huffman Corridor Consulting and an appraiser with Martens Appraisal, has been invited to participate in a workshop and to present a paper on the interaction of property development and transportation networks at the 6th International Symposium on Highway Geometric Design next summer in Amsterdam. This will be the fifth international symposium to which Huffman has contributed. The paper, titled “The Demand Side of the Equation: Understanding the Resistance to Access Management Application in the Real World”, is an examination of why quality traffic engineering…

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NAI Martens 

6 Must-Read Books on Real Estate Investing

Investors, need to restock your CRE library? Whether you’re looking to get expert advice, learn something from the pros, or pick up a few new strategies; investors can’t go wrong with a great read. Here’s a list of the 6 best books on real estate investing: 1. Mastering the Art of Commercial Real Estate: How to Successfully Build Wealth and Grow Passive Income from Your Rental Propertiesby Doug Marshall In his popular book, Doug Marshall masterfully outlines the commercial investment process. Marshall shows readers the ropes and even shares his…

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