We are constantly surrounded by information and data, but not many of us, especially in the commercial real estate industry know how to make use of all the data out there. Especially because there is a ton of data that we’re failing to collect right within our own properties.
The new year brought with it the lowest level of unemployment seen in nearly 17 years. Over 200,000 new jobs were added to the market leaving unemployment at an unchanged rate of 4.1%, adding the largest gain in wages since the end of the Great Recession.
ARV – After-Repaired Value CCIM – Certified Commercial Investment Member COO or C of O – Certificate of Occupancy CMA – Comparative Market Analysis
The world of CRE is one that is always evolving and that means we all need to be paying closer attention. Especially to the new up and coming techniques, tools, and trends that make their way into this world. One of which is 3D-printing, what was once a cool and fun trend for duplicating small objects, figurines, and toy-like creations, has evolved into much more.
Did You Know: Museums boost residential, ✅💰commercial values? . . . It’s true, according to a study by economics professor at Williams College in Massachusetts, Stephen Sheppard, property values of homes near museums surge between 20 to 50 percent📈 over a 5 year period. To learn more, visit https://magazine.realtor/…/study-museums-boost-residential-…
What many new commercial brokers don’t know about commercial real estate is that there is actually a great deal of number crunching involved with a commercial real estate transaction. If math isn’t your strongest suit, then you might be hesitant to try to do any or all calculations yourself.
“All Businesses need to be young forever…” Amazon’s own CEO, Jeff Bezos said it himself, in order to appeal to the younger generation of shoppers and cliental, businesses have to stay forever young, and frankly he’s not wrong.
Commercial real estate is no longer about a simple and functional building. Tenants demand more in terms of aesthetics, functionality and recently, technology. Tenants want a work and living environment that embraces the forms of technology that create unique and inspiring experiences each time they encounter them.
If you haven’t had your try at VR or AR also known as Virtual Reality and Augmented Reality, then stop what you’re doing right now and give it a go!
Time to Improve your Email Templates. Most brokers send some type of regular email newsletter. 2019 is a great time to implement at least a few improvements. If you don’t have one already, Mailchimp.com is a popular platform for managing email newsletters. Check it out. Thanks to Mailchimp we also have some real data-driven optimization suggestions. Their primary findings. The most successful emails tend to: Use simple layouts. Keep the copy concise. Repeatedly test what is sent. It’s easy to get distracted creating a complex email. It takes more time and your audience probably doesn’t value it. And keep in mind people read emails on dozensRead More…