The commercial real estate market has changed a lot since the beginning of 2020. The prices of retail spaces have fallen significantly. Office spaces have fallen some, but they should recover quickly. It’s difficult to predict how multi-family housing will change over the next few years as real estate investors decide whether
The most effective approaches to commercial real estate marketing can change quickly as technology evolves and business owners adapt to consumer needs. Keeping up with the latest trends can feel challenging. But you can’t let a few barriers prevent you from growing your agency. Follow these commercial real estate marketing
Triple net lease is a word tossed around a lot these days, by commercial real estate (CRE) professionals. If you’ve never heard the term—don’t worry. We’re going to take you through the ins and outs of triple net leases—also known as NNN leases—below. What’s a Triple Net Lease? There are
Nearly everyone has heard the term real estate appraisal, which is a property value assessment that takes a property’s condition, location, and other relevant factors into account. Appraisals are useful for sellers, so they know how much to ask for a property, and for buyers, so they know if they’re
Marketing across industries has seen a huge shift to digital in 2020. This year has posed some challenges – and not just for commercial real estate (CRE) agents. But CRE agents have noticed especially how their marketing needs have changed. They need to be more creative, savvy, meticulous, and understanding
Is commercial real estate in trouble? When state governments started closing their economies during March 2020, people hoped that the disruption would only last a few weeks. Continued outbreaks made it obvious that businesses faced serious concerns that could last more than a year. Many of them worried about whether
The COVID-19 pandemic forced almost every sector to reinvent itself. The commercial real estate sector is no different. Historically, the real estate industry is not the quickest to adopt new technology. However, lockdowns forced employees to work remotely, which meant greater adoption of digital tools. The accelerated shift to
Green building concepts usually focus on making residential, industrial, and commercial buildings more efficient. Green building certifications often identify a broad range of issues that contribute to reducing the negative impact that buildings have on the environment. According to the World Green Building Council, some of the most important features
A commercial real estate agent’s pay is different from most other jobs. There’s no salary involved most of the time, but agents instead work solely on commission. This means that while there’s no real cap to what an agent can make in a year, their livelihood depends directly on their
You’ve likely heard the story about the young boy and his grandfather. The little boy is amazed at how his grandfather is able to tie a fly-fishing hook so perfectly. “Why can’t I tie the hook just like you, Grandpa?” “I’ve been doing it longer, son.” Such is everything in
