An occupancy rate, the ratio of rented or used space to the total amount of available space, is an important metric for determining the success and desirability of a property. For investors these numbers can be used to determine a property’s anticipated cash flows, the financial health of a specific area, or whether or not […]
Sports stadiums have increasingly become an integral component of a rise in urban, mixed-use developments throughout the United States. In fact, the Sports Business Journal estimates that $12.2 billion in sports construction and renovations have anchored new entertainment developments within the last 20 years. Naturally, stadiums in large cities experience a surge in activity during […]
Investor relations can be viewed as key to a successful commercial real estate transaction. After all, an investor base with low turnover and repeat investments is the goal for most firms. The lack of a solid relationship and effective and frequent communication with each investor can even cause to them to have “cold feet”. Though […]
According to a recent poll by Development Finance Today, 76% of industry professionals predicted a rise of co-living developments in 2019. Co-living communities are often found in up-and-coming neighborhoods or dense urban areas, which are often attractive to younger tenants due to their proximity to transport links, restaurants, and nightlife. Co-living spaces allow renters impacted […]
Commercial real estate has been relatively slow with regards to adapting to and leveraging advanced data management and analytics, particularly when compared to other financial industries. In fact, CRE’s percentage of revenue allotted for IT spending is only 1%, about 2% lower than that of organizations across other industry sectors. According to a 2016 report […]
Today’s workplace has completely evolved from the traditional office space (cubicles, private offices, and coffee pots) to one that provides employees with tools and amenities that are reminiscent of the comforts of home (couches, laptops, and snack bars). The atmosphere created by modern workplaces fosters collaboration, creativity, and productivity, leading employees to enjoy spending time […]
The cost of living, particularly in major cities across the United States, has been on the rise over the last few years, however, so has the desire for urban living. Nearly 1 in 4 renters of traditional units have expressed interest in renting a micro-apartment at the expense of sacrificing space for a 20-30% decrease […]
With United States retailers including Sears, Macy’s, and J.C. Penney announcing the closing of more than 6,000 stores in 2019 alone, shopping malls have taken a drastic hit. According to real estate research firm Reis Inc., the regional mall vacancy rate increased to 9.3% within the first quarter of the year while the growth in […]
The connotation of the word “ghost” often incites fear within many people. However, some restaurateurs are learning to embrace this word as a part of their daily operations, leveraging a new business model that creates virtual-style restaurants that provide direct delivery to patrons. Ghost kitchens take the concept of traditional eateries and then eliminate the […]
According to a report produced by Zion Market Research, the global smart building market was valued at approximately $7.0 billion in 2014 and is expected to reach approximately $36 billion by 2020. There are various factors that contribute to the growth in the smart building market including the rapid rate of urbanization worldwide, low operating […]
Over the past few years, food-related retail has generated a more aggressive growth in the rate of location expansion than any other retail category. Food halls, a space that accommodates multiple restaurants in a market-style setting, are one type of food-related retail that have contributed to this growth. By the end of 2016, the United […]
The Excel spreadsheet is highly recognizable across the commercial real estate industry as the standard tool for imputing and solving complex calculations such as waterfall distributions. While Excel and other similar tools such as Google Sheets are indeed capable of handling complex formulas, 9 out of 10 spreadsheets contain at least one error. Fortunately, due […]