Overall Economic Activity Economic activity continued to expand at a modest to moderate pace across the 12 Federal Reserve Districts in March and early April. Outlooks remained positive, but contacts in various sectors including manufacturing, agriculture, and transportation expressed concern about the newly imposed and/or proposed tariffs. Consumer spending rose in most regions, with gains noted for nonauto retail sales and tourism, but mixed results for vehicle sales. Manufacturing activity grew moderately, and demand for nonfinancial services was mostly solid. Residential construction and real estate activity expanded further, although low…

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NAI Martens April 2018 Land Inventory Report Now Available NAI Martens, a member of the world’s premier managed network of commercial real estate firms, is pleased to provide the April 2018 land inventory report. With our easy to use property search tool you can locate the perfect office, retail, industrial, land, multi-family, special-purpose, medical, or other properties throughout Kansas.  Do not see what you are looking for? No problem! We have a team of commercial real estate professionals ready to assist you in leasing, selling, buying, investment, or property management. APRIL 2018 LAND INVENTORY REPORT: APRIL 2018 APRIL LAND FOR LEASE/FOR SALE…

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NAI Martens April 2018 Industrial Inventory Report Now Available NAI Martens, a member of the world’s premier managed network of commercial real estate firms, is pleased to provide the April 2018 industrial inventory report. With our easy to use property search tool you can locate the perfect office, retail, industrial, land, multi-family, special-purpose, medical, or other properties throughout Kansas.  Do not see what you are looking for? No problem! We have a team of commercial real estate professionals ready to assist you in leasing, selling, buying, investment, or property management. APRIL 2018 INDUSTRIAL INVENTORY REPORT: APRIL 2018 APRIL INDUSTRIAL FOR LEASE/FOR SALE…

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Big-box warehouses are officially worth more than office buildings. You read that right. That’s according to a  report, which said that in 2017 big-box warehouses (measuring at least 200,000 square feet and boasting 28-foot ceilings) sold at an average capitalization rate of 5.8%. That’s below the 6.7% cap rate for all U.S. office space and nearly beats the 5.7% rate for offices in central business districts, Bloomberg reports. Cap rates measure yield, and lower rates signify a greater value. So how is it that warehouses, a sector often overlooked just a few…

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The new federal budget just passed by Congress includes a few changes that will strengthen the LIHTC program. Affordable housing developers got a nice surprise when Congress passed its federal budget for 2019, which became law in March 2018. “The recently enacted omnibus contains some welcome increases that will help affordable housing production,” says Scott Hoekman, senior vice president and chief credit officer for Enterprise Community Investment, a non-profit based in Washington, D.C. that helps finance and build affordable housing. The affordable housing industry has been troubled by uncertainty recently. The…

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    As we shared in the last Mondays with Martens, we recently attended the NAI Global Leadership Summit in Philadelphia along with 175 principals, directors and managers from offices worldwide. It was great opportunity to share best practices and to hear from some of the brightest minds in business and real estate over the two-and-a half day conference. As soon as the videos are available, we’ll share a link but in the meantime the following provides a summary of a couple of the key presentations.     Overview of…

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We are proud to present our Q1 2018 Transactions Report! Take a look below to see our latest sales and leases!   Q1 2018 Transactions Q1-2018 Transactions Report Having trouble viewing? Click here ABOUT NAI MARTENS NAI Martens is the largest full-service commercial real estate firm in Kansas. Founded in 1948 and headquartered in Wichita, NAI Martens provides a vast array of commercial real estate services throughout south-central Kansas and Topeka. NAI Martens is led by CEO Steve Martens, CCIM, CPM, SIOR and President Tom Johnson, CRE – two industry…

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In February, reports from CNBC surfaced that Uber was making moves to prepare for an IPO next year. Lyft, Uber’s main competitor in the U.S. is also laying the groundwork necessary for going public attracting $1 billion from Google’s parent company. At first blush, this news may not seem relevant to CRE, but its impact could be felt in three important ways. #1: Force Public Rideshare into Wider Use Already, consumers living in closer quarters than in previous decades are demanding more walkable spaces. Instead of owning cars, they are taking advantage of…

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When employees at Google were asked to rank their favorite things about working there, the games and perks weren’t the biggest lures. It’s the high wages that Google employees earn, averaging nearly three times the national median wage at $140K per year. It’s providing three free gourmet meals a day for employees. It is weeks of vacation time and company trips and holiday parties that are out of this world. Workplace Trends are Evolving in 2018 This year, LinkedIn’s survey found Google’s parent company, Alphabet, at the top of the list with Amazon…

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