NAI Martens 

Flexible Workspace Trends We’re Watching in 2019

naimartens

Office space is a unique sector. Offices need to be functional while suiting many different roles, employees, and personalities. Some offices have argued that an open format workspace is ideal. However, many open spaces can be noisy, full of distractions, and lack privacy. On the opposite side of the spectrum, we have cubicles. These spaces help ensure you have privacy and fewer distractions, but you are basically closed off from interaction and collaboration. In an effort to find a happy medium, you may have heard about flexible spaces. What is…

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Martens Companies 

Fed Beige Book: Slight to Moderate Economic Growth Across Districts

Martens Appraisal

Overall Economic Activity Economic activity expanded at a slight-to-moderate pace in March and early April. While most Districts reported that growth continued at a similar pace as the previous report, a few Districts reported some strengthening. There was little change in the outlook among contacts in reporting Districts, with those expecting slight-to-modest growth in the months ahead. Reports on consumer spending were mixed but suggested sluggish sales for both general retailers and auto dealers. Reports on tourism were generally more upbeat. Reports on loan demand were mixed, but indicated steady…

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NAI Martens 

These are the Top Performing Submarkets for Multifamily Rent Growth

naimartens

Many investors in the multifamily sector have been pleased with the economy’s current status. They have been enjoying benefits and profitable returns, and some of them have come in unexpected places. Specifically, a few submarkets have shown up as leaders in rental growth during the past 8 years. RealPage, one of the leading providers of real estate software and data analytics, looked at 671 submarkets.  These submarkets comprise the 50 biggest multifamily markets in the United States. They rated them based on rental growth from the year 2010 until June…

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NAI Martens 

Is Your Building Wired for 2019 Tech Demands?

naimartens

Technology has moved on from being a luxury to a necessity. As a society, we now thrive on being constantly connected. In fact, the average American spends about 24 hours a week online and one in five people spend 40 hours per week connected according to a study done by MIT. So is your commercial real estate property wired for today’s tech demands? Commercial investment properties thrive on good returns for investors. So, to maintain happy tenants and reduce vacancy, it is important to give them what they want, use…

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Martens Companies 

STR: US hotel results for week ending 6 April

Martens Appraisal

The U.S. hotel industry reported RevPAR rose 1.9% to $89.90 during the week of 31 March to 6 April, according to STR. HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 31 March through 6 April 2019, according to data from STR. In comparison with the week of 1-7 April 2018, the industry recorded the following: • Occupancy: +0.4% to 68.7%• Average daily rate (ADR): +1.5% to US$130.79• Revenue per available room (RevPAR): +1.9% to US$89.90 STR analysts note that performance…

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NAI Martens 

4 Ways VR and AR will Change the Construction Industry

naimartens

Both virtual reality and augmented reality have been hot topics on the lips of many throughout various industries, but what exactly do these terms mean and how do they impact the construction industry? How Do Virtual Reality and Augmented Reality Differ? You may have heard the terms VR and AR interchangeably, however, they have distinct differences. According to The Franklin Institute, AR is exactly what it sounds like, it literally augments reality by adding digital images to real scenery, normally via a camera. A common example of this is the…

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Martens Companies 

Longer SBA Real Estate Loans Heating Up Small Business Property Market

Martens Appraisal

Martens Appraisal commercial real estate appraisers are familiar with providing commercial appraisal reports for a variety of Government programs, including commercial real estate appraisals for use by the U.S. Small Business Administration. A relatively new extended-maturity loan option from the U.S. Small Business Administration is heating up the real estate market among small businesses that are anxious to purchase properties while the economy is booming and interest rates remain low. In April 2018, the U.S. Small Business Administration announced changes to its 504 loan program to allow for a 25-year maturity on…

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NAI Martens 

6 Creative Ways to Increase the Value of Your Multifamily Property

naimartens

Whether you are looking to sell your multifamily property or want to validate raised rental rates for the asset, you’ll want to increase the value of the property. Let’s take a look at six creative ways to increase the value of your multifamily property. Perform Repairs & Make Improvements If your multifamily property needs to be modernized or needs cosmetic work, by performing these task, you can significantly raise the rent. The rental income from outdated units will land somewhere in the middle of modern rent prices and those from…

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Martens Companies 

STR: US hotel results for week ending 30 March

Katie Fernando

The U.S. hotel industry reported occupancy increased 4.2% to 69.5% during the week of 24-30 March while ADR rose 0.9% to $131.77 and RevPAR increased 5.1% to $91.53. HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 24-30 March 2019, according to data from STR. In comparison with the week of 25-31 March 2018, the industry recorded the following: Occupancy: +4.2% to 69.5% Average daily rate (ADR): +0.9% to US$131.77 Revenue per available room (RevPAR): +5.1% to US$91.53 STR analysts note…

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Wichita State University Innovation Campus NAI Martens 

Beyond the Bookstore: A Look at the Rise of Campus Retail

Katie Fernando

Retailers see an opportunity for expansion at university campuses. The National Real Estate Investor recently took a look at campus retail and how it is changing. For decades, universities were known for their dearth of retail beyond a college bookstore. But now, retailers both large and small are seizing the opportunity to expand their operations beyond traditional shopping centers and onto university campuses where they can capture the attention of a niche audience: students. Students’ demand for college essentials in a convenient location while away at school has led retailers…

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