Jan 24
More brick-and-mortar retail is needed. Store openings are outnumbering closings for the first time in four years, according to an analysis of more than 900 chains by the IHL Group, a research firm. The largest amount of growth is coming from mass merchants, food, drugs and pharmacy, and convenience chains, The Wall Street Journal reports. E-commerce …
Jan 23
T3 Sixty releases its annual Swanepoel Power 200 list, revealing the movers and shakers in the industry. Real estate leaders and brokerage executives are demonstrating a powerful influence on the housing market, as their impact extends to all corners of the country. T3 Sixty, a real estate consulting firm, annually releases its Swanepoel Power 200, …
Jan 20
As the pandemic wanes, companies are weighing alternative setups to their corporate office structures, including “hub and spoke” and “hubquarters” models. That may prompt many changes in commercial needs moving forward and what companies may be looking for. The hub and spoke model is based on the use of a central office and smaller satellite …
Jan 20
Flood risks are increasingly posing a risk to commercial real estate, and a new report cautions the sector to be prepared. About 730,000 retail, office, and multiunit residential properties face potential risk annually of flood damage, according to a new report from the First Street Foundation, a nonprofit research group. Damage from flooding could cause …
Jan 19
On September 29, Facebook announced changes to real estate and vehicle listings on Facebook Marketplace. In the age of social media, when most home buyers begin their searches online and with print media dying a slow death, most Realtors have moved the bulk of their marketing efforts to digital formats. If you go to any …
Jan 18
Retail space is in demand, and prices are rising. Net absorption of retail space during the third quarter reached the highest level since the fourth quarter of 2017, the National Association of REALTORS® reports. The biggest demand has been for general retail and neighborhood space. New retail supply has been low throughout the year. That …
Jan 18
A growing number of investors seem less deterred by high prices, jumping on opportunities from demand for rentals. Single-family purchases made by investors are surging as they see opportunities in the rapid growth of home prices and demand for rentals. The Golden State, shunned by investors for some years, is seeing a strong return. “After a …
Jan 17
Sixty-nine percent of commercial real estate brokers say they made more money in 2021 than in 2020, according to the latest Apto National Broker Buzz Poll conducted in December 2021. They’re even more optimistic about this year. Commercial real estate has posted a dramatic recovery ever since the beginning of the pandemic. 2021 marked a …
Jan 16
Office buildings that are outdated or that have been left partially or completely empty since the pandemic began are being reimagined. With a surge in demand for apartments, developers are remaking some underused office buildings into new living corridors. For example, a two-tower office building known as Park Center in Alexandria, Va., a suburb of Washington, …
Jan 16
Lumber prices are soaring once again: Following a dip last spring and summer, they have nearly tripled over the past four months. Builders say that increase has caused the price of an average new single-family home to rise by more than $18,600. It has also added nearly $7,300 to the price of an average new …
Jan 13
Supply chain backups for materials continue to hit the new-home market and are causing some new owners to have to move into unfinished homes, The Wall Street Journal reports. The problems stem from ongoing factory closures caused by the pandemic, transportation delays, and port capacity limits. The shortages are especially popping up in the lack …
Jan 12
When you hit the usual sales slump during the cold months, here’s what you can do to keep your business from freezing until spring. It’s that time of year again when most real estate professionals are bracing for a dip in sales in the cold winter months and many home buyers and sellers go into …
