NAI Martens 

Self-Serving Kiosks Boost Consumer Spending: A Win For Retail?

naimartens

Don’t let the negative headlines fool you – the retail industry is on the rise. One of the greatest contributors facilitating the global revival of retail is technology. The development of tech tools and services quickly turn never-before-seen possibilities into reality. One of today’s most revolutionary retail concepts is the self-serve kiosk. These are retail spaces which are fueled by AI, IoT, and Smart devices; and they’re pushing the boundaries of client-interactions. Let’s explore this concept and its impact on the retail industry. Consumers Love Self-Serve Kiosks Technology can do…

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NAI Martens 

Affordable Workforce Housing is a Challenge for this Generation

naimartens

In today’s world, it’s not always easy finding a home. As the pressure continues to rise, no other generation struggles with house-hunting as much as Gen Z. One of the greatest challenges faced by this up-and-coming generation is the issue of finding affordable housing near work. The scarcity of reasonably priced workforce listings is causing a growing concern amongst the industry and officials. Even with all the attention flooding the subject, relief isn’t yet in sight. Identifying Gen Z Generation Z describes the generation born between 1995 and 2005, and…

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NAI Martens 

Commercial Real Estate Owners: Your 5G Handbook

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Brace yourself – it’s here. The advent of 5G is bringing about massive changes that affect more than just our internet speed. For the most part, all you normally hear about on the topic of 5G is its amazing capabilities. Faster downloads, less lagging, clearer connectivity, and more. From an outside perspective, the advertised possibilities seem endless. However, there’s a silent issue that’s building – and it especially affects CRE owners. 5G increases the number of radio waves by a monumental amount, and it’s creating an unseen traffic jam. This…

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vacant land appraisal Martens Companies 

Martens Appraisal Completes Appraisal on Raw Land in Park City, Kansas

Martens Appraisal

Jeff Linsner with Martens Appraisal recently completed work on some raw land in Park City, Kansas. The key to determining the value of raw land is to determine what the highest and best use of the property is. There are many considerations to be made in evaluating the property, but in the end, what the property can be used for is probably the most important factor in determining the value of the property. Our team of qualified appraisers uses their years of experience to lead them to the proper conclusions.…

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NAI Martens 

The Age of the Food Hall: What to Know

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CRE’s retail sector has undergone a rocky wave of transformations these past few years. While the industry saw massive changes, 2019 has been a year where new trends have been dominating global retail. While features like omnichannel retailing, instant deliveries and subscription-based shopping have been headlining news articles all year, there’s another major player making headway. Can you guess what it is? The answer lies in three highly demanded areas of retail: dining, convenience, and variety. The combination of these three elements has ushered in the new wave of food…

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Martens Companies 

Martens Appraisal Completes work on Proposed Resturant in Maize, Kansas

Martens Appraisal

Kendra Collier recent completed an appraisal report on a proposed restaurant in Maize, Kansas. The restaurant industry has evolved over the past few decades. The local, non-franchised restaurant has been somewhat replaced with trendier, franchised property. Changing restaurant trends have changed the types of buildings used as restaurants, in some cases rendering older restaurant buildings functionally obsolete. Resturant appraisals are more challenging than they were when looking at a more traditional facility. Not all appraisers have the expertise to determine these differences which may materially impact property values. Martens Appraisal…

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Martens Companies 

Martens Appraisal Completes Work on Mixed-Use Properties in Eureka, Kansas

Martens Appraisal

Jeff Linsner recently completed work on a number of retail/office properties in Eureka, Kansas. The reports were prepared for traditional lending. Determining property values in small towns and more rural regions can be a challenging task for appraisers. The main issue is the availability of information, or in the case of small towns, the lack of information. Martens Appraisal does work across Kansas and has taken steps to make sure we have access to the most accurate and timely data out there. We interview market participants to gather lease information…

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NAI Martens 

5 Forward Thinking Tech Cities From Around the World

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As technology continues to expand, the possibilities seem endless. What used to be thought of as mere science fiction is now a tangible reality, allowing us to live in ways we never thought were possible. The world around us is slowly shifting into this new age, but there are a few places where the changes are happening fast. Smart Cities are popping up across the globe and they’re standing as amazing examples of what’s available to today’s population. These destinations are using the latest innovative technology to create harmonious eco-friendly…

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Martens Companies 

Fed Beige Book: CRE Construction and Sales Activity Were Steady, Pace of Leasing Increases Slightly

Martens Appraisal

Overall Economic ActivityOn balance, reports from Federal Reserve Districts suggested that the economy expanded at a modest pace through the end of August. Although concerns regarding tariffs and trade policy uncertainty continued, the majority of businesses remained optimistic about the near-term outlook. Reports on consumer spending were mixed, although auto sales for most Districts grew at a modest pace. Tourism activity since the previous report remained solid in most reporting Districts. On balance, transportation activity softened, which some reporting Districts attributed to slowing global demand and heightened trade tensions. Home…

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NAI Martens 

Location Data: Helping CRE Find It’s Way in 2019

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Data is today’s most powerful tool. Two years ago, The Economist made a seemingly bold statement, saying that the world’s most valuable resource is no longer oil, but data. It’s 2019 and the truth of this statement is more real than ever before. Data’s influence is nothing to take lightly. Not only does it greatly enhance technology’s possibilities, but it’s also helping major industries find creative solutions to common problems. One such example would be location data used within commercial real estate. This valuable asset is helping to bring the…

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