Martens Companies 

Industrial Property Appraisal Services

Martens Appraisal provides expert industrial property commercial appraisal services throughout Wichita and Kansas including Sedgwick, Butler, Reno, Harvey, Sumner and Kingman Counties. Experienced Appraisers Our industrial appraisal team is lead by Carter Girrens, MAI. Carter’s primary area of practice focuses on all types of industrial facilities including manufacturing, distribution and storage warehouse. An area of particular attention is on large industrial facilities in Kansas located outside the major metro areas. We appraise industrial properties, such as: Single-tenant Multi-tenant Owner occupied Net leased R&D Manufacturing Flex Showroom Condo Industrial park/campus Automotive Warehouse…

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NAI Martens 

5 Ways E-commerce Has Changed the Game for Industrial Real Estate

E-commerce has been a crucial driver in the industrial real estate market for both leasing and investment activity. This new niche market of retail is transforming the entire industrial sector from logistics to warehouse design. Let’s take a look at a few ways e-commerce has changed the game for industrial real estate. Logistics The logistics part of the industrial sector is on fire, primarily because of e-commerce. The requirements behind logistics facilities for e-commerce are very different than for in-store retail. As e-commerce grows, retailers will need to expand their…

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Martens Companies 

What is Commercial Real Estate? CRE Defined

Commercial Real Estate (CRE) is defined as any property owned to produce income. This could include just about anything, including: the neighborhood coffee place you stopped at this morning an apartment complex a multistory office building a manufactured housing community a hotel on the interstate From an investment point of view, commercial real estate encompasses any kind of property, including land, which brings or has the potential to bring income. From a business point of view, commercial real estate is any offering of office, retail, industrial, medical, hospitality, and other…

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Martens Companies NAI Martens 

Class B Apartment Rental Rates in Wichita Expected to Rise in 2019

National Real Estate Investor recently ran this article about multifamily rental rates. The NAI Martens multifamily team of Jeff Englert and Nathan Farha, CCIM reviewed the article and provided a Wichita perspective. In Wichita, Class B has traditionally been the most stable property class. NAI Martens’ most recent multifamily update reported that in 2018 Class B rental rates increased across the board, with the exception of two-bedroom rents, with an overall average Class B rate of $0.79/SF. For 2019, Englert and Farha are predicting that Class B rents will continue…

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NAI Martens 

6 Best-Practices All Real Estate Investors Should Keep Top-of-Mind

Are you thinking about venturing into the world of real estate investment? There are plenty of things you should know before making the plunge and signing on the dotted line. If you are just starting out you may be wondering where to even begin, but the good news is, every successful real estate investor wondered the same thing. Here are six best-practices all real estate investors should keep top-of-mind. Hire a Bookkeeper The first thing you should do is hire a bookkeeper because keeping up with documents and paperwork is…

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Martens Companies 

How tariffs, labor are affecting development strategy

Hotel developers in the U.S. recognize that disruptors such as tariffs on goods and shortages of labor aren’t fading anytime soon, and some are faced with shifting investment strategies to make up for it. REPORT FROM THE U.S.—Each development site has its own set of risks and rewards, and as disruptors such as labor challenges and tariffs remain on the horizon, hotel developers are tasked with assessing their current strategies. Bruce Collins, regional director of development, east, at OTO Development, said as the cycle changes, his company will look at…

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Martens Companies 

Fed Beige Book: Little change to CRE on Balance

Overall Economic ActivityEconomic activity increased in most of the U.S., with eight of twelve Federal Reserve Districts reporting modest to moderate growth. Nonauto retail sales grew modestly, as several Districts reported more holiday traffic compared with last year. Auto sales were flat on balance. The majority of Districts indicated that manufacturing expanded, but that growth had slowed, particularly in the auto and energy sectors. New home construction and existing home sales were little changed, with several Districts reporting that sales were limited by rising prices and low inventory. Commercial real…

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NAI Martens 

5 Steps to Designing Retail Space with Experiences in Mind

As the retail industry continues to evolve, it’s important for retailers to continue to offer more than just a product. Consumers are looking for true experiences when they go shopping and having this level of engagement can set your retail space apart from competitors. Here are five steps to designing retail space with experiences in mind whether you are a seasoned retailer looking to revamp your space or a new retailer entering the market. Associates Should Transition from Salesperson to Expert Retailers who want to stay competitive need to ensure…

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Martens Companies 

Update on Kansas Economic Conditions

Wichita State’s Center for Economic Development and Business Research is a great source of information on economic conditions throughout Kansas. From time to time we like to bring you the latest updates. CEDBR Releases January Employment Forecast Kansas total nonfarm employment increased by approximately 20,000 workers from November 2017 to November 2018, a 1.4 percent increase, with growth across most sectors. This was a substantial upturn in employment after near-zero employment growth in the state in 2016 and 2017, with only a cumulative 0.2 percent increase over those two years.…

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NAI Martens 

Brokers: Keep Your Data Safe With These 6 Steps

Cyber attackers are not going away. In fact, our data is more sensitive and prone to being stolen more now than ever before. These cyber attackers are looking for data and money, which makes commercial real estate businesses a prime target for potential attacks. Make sure you are keeping your data safe and secure with these six easy steps. Step #1: Be Mindful, Use Good Judgment Being proactive and taking preventative steps against a cyber attack is the first step in protecting your data. Don’t write your passwords down on…

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