NAI Martens Blog - Industry News and Research from Wichita's market leader in commercial real estate.

5 Things to Consider When Selecting a Warehouse

April 2, 2019March 19, 2019 naimartens

There are so many important factors that should be considered when searching for warehouse space. Your business will have unique warehousing needs and it can sometimes be daunting to sift through all the industrial lingo and sales pitches just to find the right space for your business. Here are five things you should consider when selecting a warehouse. How Old is the Warehouse? The secret to a quality warehouse is finding one that balances both old and new features. The ideal warehouse space will have weathered a good amount of…

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STR: US hotel results for week ending 23 March

March 28, 2019April 1, 2019 Katie Fernando

During the week of 17-23 March, U.S. hotel occupancy rose just 0.2% to 69.6%, ADR rose 0.2% to $133.65 and RevPAR increased 0.4% to $93.02. The U.S. hotel industry reported nearly flat year-over-year results in the three key performance metrics during the week of 17-23 March 2019, according to data from STR. In comparison with the week of 18-24 March 2018, the industry recorded the following: • Occupancy: +0.2% to 69.6%• Average daily rate (ADR): +0.2% to US$133.65• Revenue per available room (RevPAR): +0.4% to US$93.02 Among the Top 25 Markets,…

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Silicon Beach: The Next Silicon Valley?

March 28, 2019March 19, 2019 naimartens

Los Angeles has a booming hub of innovative companies planting roots outside of Silicon Valley’s technology epicenter. This area is known as “Silicon Beach” due to its proximity to the beach and also attracts the tech community because of its close proximity to LAX and the diverse LA industries. Here is a quick rundown of Silicon Beach. What Areas Does Silicon Beach Include? Silicon Beach is used to describe LA and Orange County, but it also refers to the stretch of cities west of LA from Santa Monica to Venice…

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5 Reasons Why Pop-Up Stores Simply Work

March 26, 2019March 19, 2019 naimartens

Pop-up shops are giving retailers a whole new edge. Not only do they sell a product, but they also sell an experience to consumers. These are less costly options for brands and retailers to showcase their products and gives them the option to explore new markets without making long-term commitments by signing leases. Let’s take a look at five reasons why pop-up stores simply work. They’re An Experience Pop-up stores offer a retail environment with a unique twist. Because consumers are now choosing to spend more money on experiences than…

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STR: U.S. hotel results for week ending 16 March

March 21, 2019April 1, 2019 Martens Appraisal

The U.S. hotel industry reported occupancy dropped 0.9% to 70.2% during the week of 10-16 March. ADR rose 0.6% to $134.50, but RevPAR decreased 0.3% to $94.40. The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 10-16 March 2019, according to data from STR. In comparison with the week of 11-17 March 2018, the industry recorded the following: • Occupancy: -0.9% to 70.2%• Average daily rate (ADR): +0.6% to US$134.50• Revenue per available room (RevPAR): -0.3% to US$94.40 Among the Top…

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Watch These Big Players in CRE Crowdfunding

March 21, 2019March 19, 2019 naimartens

At one time, it was extremely difficult and limited to secure quality investments in commercial real estate, and not all borrowers qualified for traditional bank loans. However, thanks to the “Jumpstart Our Business Startups” act of 2012, also known as the JOBS Act, the opportunity to market private investments to the public arose. Due to this crowdfunding began, thus allowing a new tier of quality investors to reach those seeking investments. In the years since 2012, many commercial real estate crowdfunding platforms have arisen. These platforms vary, but most of…

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4 Things Today’s Savvy Real Estate Investors Should Know About Opportunity Zones

March 19, 2019February 15, 2019 naimartens

Opportunity Zones have been a hot topic in commercial real estate recently. You may be asking, “what exactly are opportunity zones?” If you are a savvy real estate investor, here are four things you should know about opportunity zones, beginning with the textbook definition for what they are. What are Opportunity Zones? An Opportunity Zone is an economically-distressed community where investors can earn preferential tax treatment for pouring capital into it. Post-recession, some communities simply did not recover, and these particular communities have become opportunity zones. These zones are approved…

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What proposed overtime threshold means for US hoteliers

March 18, 2019April 1, 2019 Katie Fernando

The hotel industry has waited for the U.S. Department of Labor to announce a proposed increase to the overtime exemption threshold. Now that it has, here is what hoteliers need to know. REPORT FOR THE U.S.—The U.S. Department of Labor has proposed a new overtime exemption threshold that could go into effect by 2020, which means it’s time for hoteliers to review the employee analyses they performed the last time a new threshold was proposed. The proposed threshold of $679 a week ($35,308 annually) comes within the expected range following…

STR: US hotel results for week ending 9 March

March 14, 2019April 1, 2019 Martens Appraisal

The U.S. hotel industry reported occupancy dropped 2.4% to 66.8% during the week of 3-9 March. ADR rose 0.8% to $132.01, but RevPAR decreased 1.7% to $88.15. The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 3-9 March 2019, according to data from STR. In comparison with the week of 4-10 March 2018, the industry recorded the following: • Occupancy: -2.4% to 66.8%• Average daily rate (ADR): +0.8% to US$132.01• Revenue per available room (RevPAR): -1.7% at US$88.15 Among the Top 25…

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The Beginner’s Guide to PropTech

March 14, 2019February 15, 2019 naimartens

Just a few years ago, the word PropTech was not common. In fact, it was not even used. Currently, it’s an electric new term, a “buzzword” that people in the real estate industry throw around like confetti. But what exactly does PropTech mean? PropTech, or Property Technology, also known as real estate tech, is a portion of a larger, more widespread digital evolution in the property industry. As landscapes change and mentalities shift to a more digital age, so does the real estate industry and its consumers. PropTech is more…