NAI Martens 

3 Changes We Might See in the Workplace Thanks to COVID

Everyone wants to know how the pandemic will be impacting the office space. While we’re still far from a clear picture of what’s to come, let’s explore a few possibilities that may be on the horizon for CRE’s office sector: Redefining Flexible What flexible meant before the market shutdowns isn’t what it means today. Before, the term was thrown around to describe design elements that could facilitate multiple functions and be switched around in a breeze. But today, the industry is taking a more serious tone towards office flexibility that’s…

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NAI Martens 

5 Tips for Taking your Business Online (Now and in the Future)

CRE has been inching closer to a digitally-integrated business for some time now as technology has been the biggest focus for industry pros over the past few years. Things were already moving quickly when the coronavirus crunched the timeline to near immediacy. Anyone who wasn’t ready is surely feeling the heat – but don’t think the online-pressures will subside once this pandemic blows over.  A new reliance on digital tools to conduct real estate transactions will likely keep going after COVID. Use this opportunity to establish a strong online foundation…

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NAI Martens 

How is Supply Chain Disruption Impacting Industrial CRE?

What hasn’t COVID disrupted? At this point, the shocking headlines exploring the ways the coronavirus is impacting the world has become the ‘new normal.’ It’s clear that the virus has made waves everywhere, but the one thing everyone is keeping an eye on is the industrial sector. The warehousing business has been actualizing all of e-commerce’s promises, adapting to every new trend, and being increasingly flexible along the way. But, the already busy world of industrial kicked up yet again when COVID-19 cropped up. The virus immediately caused discrepancies in…

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Martens Companies 

6 Ways to Help Local Businesses Right Now

Local businesses need community support now more than ever. The coronavirus pandemic is making waves across all boards, but small businesses are taking the hardest hit. Local and national authorities are taking action to help alleviate the burdens associated with stay-at-home orders and state-wide shutdowns, but is it enough to keep these mom-and-pop staples afloat? We’re all hoping so, but the stakes are high. In the meantime, here are 6 simple action steps each of us can take to support local businesses right now. By E-Gift Cards For Loved Ones…

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NAI Martens 

Dining in a Post COVID-19 World

While restaurant reopen timelines are still largely TBD, this industry has a lot of work to do before they’re ready to welcome guests again. The virus has impacted the global restaurant scene unlike any other. While many are concerned about small businesses, local eateries around the country have been hit with an unprecedented onslaught of issues. Food supply delays, serving restrictions, mandatory closures, and a widespread avoidance of restaurants have hit the foodservice industry with curveball after curveball. Depending on location, some restaurants have managed to stay open by operating…

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Martens Companies 

What Does Sustainability Look Like Post Covid-19?

What Does Sustainability Look Like Post COVID-19? COVID-19 is shaking the foundations of business as we know it. As the pandemic unfolds, all eyes have been on offices, warehouses, restaurants, and retail as these are pivotal spheres of influence for the commercial scene. The world is waking up to the necessary changes needed to avoid this kind of disruption again. And, in the process, the CRE business is rewriting what it previously held as industry-standards. One such area of concern is sustainability in the post-COVID world. How will corporate eco-consciousness…

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NAI Martens 

Pet Liability in Multifamily: 5 Things to Know

One thing is for sure, America loves pets. For so many of us, no home is complete without man’s best friend. Recent stats show that 71.1 million US households have pets, and according to the American Veterinary Association, 50% or more of renters have pets. All cuteness aside, this does pose some serious concerns for landlords, investors, and property managers – especially when dealing with multifamily assets. The reality is that having pets in a multifamily community comes along with substantial risks. But, properties can miss out on a large…

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Martens Companies 

Fed Beige Book: Economic Activity Declined in All Districts

Overall Economic ActivityEconomic activity declined in all Districts – falling sharply in most – reflecting disruptions associated with the COVID-19 pandemic. Consumer spending fell further as mandated closures of retail establishments remained largely in place during most of the survey period. Declines were especially severe in the leisure and hospitality sector, with very little activity at travel and tourism businesses. Auto sales were substantially lower than a year ago, although several Districts noted recent improvement. A majority of Districts reported sharp drops in manufacturing activity, and production was notably weak…

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Martens Companies 

Wichita State University’s CEDBR Revises Kansas Employment Forecast

After an increase of almost 8,000 workers in 2019, Kansas employment is projected to decline in 2020 as the impact from the COVID-19 pandemic continues.  These forecasts show how each region and industry sector could be affected by these economic changes. Wichita Employment Forecast Released May 5, 2020 (See previous version) In 2019, total nonfarm employment in the Wichita metropolitan area grew 1.8 percent, adding 5,500 jobs in its fastest growth since 2007.  For 2020, those gains are expected to be lost as the Wichita economy contracts sharply from the impact of…

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NAI Martens 

How to Pivot During a Crisis

In truth, we never know what’s going to come our way. The future is uncertain, but that doesn’t mean we can’t make the most out of a situation once it hits. This lesson is being learned the hard way during the COVID-19 pandemic as the entire business world is simultaneously disrupted. The crisis is causing constant hiccups to happen here and there, but they’re quickly turning into big problems. Our highly interdependent world is feeling the impacts everywhere – even in the least expected places. Resultantly, it’s painstakingly clear that…

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