News Feeds (RSS) http://naiblackblog.com/?p=336 http://naiblackblog.com/2019/10/4-ways-gen-z-is-impacting-the-retail-landscape/ Commercial Real Estate Gen Z GenZ real estate retail shopping 4 Ways Gen Z is Impacting the Retail Landscape Despite what major retailers may have expected, the vast majority of Gen Z-ers (more than 3 out of 4) actually prefer to shop in physical brick and mortar retail stores. But it&#8217;s not that simple &#8211; creating the right in-store experience is also crucial to success. From ensuring that items are kept in stock to [&#8230;] Thu, 17 Oct 2019 18:15:31 Z http://naiblackblog.com/2019/10/4-ways-gen-z-is-impacting-the-retail-landscape/#respond NAIBlack-Blog <p>Despite what major retailers may have expected, the vast majority of Gen Z-ers (more than 3 out of 4) actually prefer to shop in physical brick and mortar retail stores. But it&#8217;s not that simple &#8211; creating the right in-store experience is also crucial to success. From ensuring that items are kept in stock to creating unique and personalized experiences for shoppers, retailers can make a great impression on this highly sought after and coveted demographic. </p> <p>It&#8217;s also important to get the experience and the transaction right from the first interaction, as these particular shoppers may be less willing to give a second chance. Smart retailers are finding ways to marry their brick and mortar stores to the online world, and the results are speaking for themselves. But how else is Gen Z impacting the retail landscape? Let&#8217;s dig a little deeper. </p> <p style="text-align:left"><strong>Gen Z-ers Expect &#8211; and Demand &#8211; a Seamless Digital-to-Physical Experience</strong></p> <p>While Gen Z-ers prefer to shop in physical stores, they are also a generation that relies heavily on smartphones and other mobile devices. As a result, they expect easy and intuitive interactions with retail sites &#8211; and if they research an item online and then go to a store for purchase, they expect the item to be in stock and the transaction to be easy and seamless. </p> <p><strong>Gen Z-ers Think About Value Over Cost</strong></p> <p>Unlike the Millennials that came before them, Gen Z-ers are known for being thrifty and responsible with their funds. They will support brands that they believe in, but they won&#8217;t do so at the cost of their future. Gen Z-ers, having watched their parents struggle through the recession, are also more wary of credit and debt, choosing to live within their means and eschew relying on credit. Retailers must keep this in mind and price their goods and services accordingly. </p> <p><strong>Gen Z-ers Are a Driving Force Behind Free Shipping</strong></p> <p>While the demand for a shift to free shipping on <em>all </em>orders not exactly being a Gen-Z specific trend, this particular generation is definitely one of the larger driving forces behind free shipping becoming standard on all orders. In fact, <a href="https://nrf.com/">NRF</a> reports that 76 percent of Gen Z customers expect their order delivery to be free &#8211; even on orders tat are less than $50. </p> <p><strong>Gen Z-ers Are Forcing Retailers to Quickly Adapt to Trends in Social Media</strong></p> <p>In order to reach this important demographic, smart retailers are realizing that they must become more tech-savvy and present on social media. Of course, before this can happen, retailers must first understand which social media platforms Gen-Zers are using. Stores Magazine recently reported that 44 percent of Gen Z shoppers use Snapchat while shopping in-store, compared with only 16 percent of Millennials (and 5 percent of Gen Xers). And don&#8217;t count out Instagram and Facebook just yet, with 45 percent and 40 percent of Gen Z shoppers relying on these platforms (respectively) to find new products and meet new brands. </p> http://naiblackblog.com/2019/10/4-ways-gen-z-is-impacting-the-retail-landscape/feed/ 0 336 2019-10-17 18:15 +00:00 2019-10-17 13:15 -05:00 http://naiblackblog.com/?p=332 http://naiblackblog.com/2019/09/the-evolution-of-the-open-workplace-whats-next/ Uncategorized The Evolution of the Open Workplace: What’s Next? The contemporary workplace has gone through a major makeover. Compared to offices of the past, today&#8217;s professional spaces would look more like high productivity social areas. Traditionally, offices were window-less boxes designed in a strikingly minimal and bland color scheme. On the contrary, today&#8217;s workplaces are full of vibrant colors, social areas for collaboration, and [&#8230;] Thu, 19 Sep 2019 23:40:49 Z NAIBlack-Blog <p><strong>The contemporary workplace has gone through a major makeover. Compared to offices of the past, today&#8217;s professional spaces would look more like high productivity social areas.</strong> Traditionally, offices were window-less boxes designed in a strikingly minimal and bland color scheme. </p> <p>On the contrary, today&#8217;s workplaces are full of vibrant colors, social areas for collaboration, and lots of natural elements. The open office concept has grown in popularity since it meets the needs of the new workforce. </p> <p>However, the open-floored designs are far from finalized. They&#8217;re still adding new elements and features geared towards providing team members with all the tools they need to streamline workflows, increase efficiency, and enhance productivity. </p> <p><strong>Mobility Is All The Rage</strong> </p> <p>Today&#8217;s workplace elements are focused on customization. Modern office spaces need to fulfill many different roles. From holding large conferences to facilitating quiet personal work, to holding a mixed environment of groups and solo sessions; there&#8217;s a lot to live up to. </p> <p>As of yet, the most successful solution lies in kinetic elements. This means that office spaces will be full of modular and movable elements that can easily be moved, shifted, switched around, taken apart, and put back together again. This enables users to keenly meet the unique needs of each and every moment &#8211; all without missing a beat. </p> <p>Let&#8217;s look at a few of the latest trends that will continue to revolutionize the open workplace scheme. </p> <p><strong>Movable Walls</strong></p> <p>Who said walls had to be static? The open workplace concept is being enhanced by the addition of mobile walls. Large walls that pivot, shift, and roll give spaces the flexibility required to always fulfill the needs of a space. </p> <p>On top of this, they also reduce the construction costs associated with changing an office&#8217;s design. Installing mobile walls is more cost-effective than knocking down and rebuilding the property&#8217;s structural elements. </p> <p><strong>Mobile Pods</strong></p> <p>Personal and group pods are popular elements within today&#8217;s office scene. They allow team members to break away from the greater crowd and focus on the work at hand. These pods are soundproof, so they don&#8217;t disturb others and prevent distractions from reaching within. </p> <p>In efforts to make these pods more accessible, they&#8217;re adding mobility to their repertoire. These small box-shaped meeting rooms on wheels give users a large sense of control and customization, taking the open work space to new potentials. </p> <p><strong>Overcoming Barriers: Tending to Everyone</strong></p> <p>Although the open workplace concept is incredibly popular, the truth is that it isn&#8217;t the optimum solution for everyone. Some people don&#8217;t work well in these highly active and exposed spaces. With so much going on in terms of sound and movement, it can quickly become a distracting inhibition for getting work done. Everyone has their own preference, and studies show that <a href="https://www.forbes.com/sites/davidburkus/2016/06/21/why-your-open-office-workspace-doesnt-work/#53d80500435f">up to 30% of employees in open-plan offices were dissatisfied with the level of noise in their workplace. </a></p> <p>In cases like this, mobile elements are meant to allow everyone to find their perfect environment. It enables team members to create a specialized personal work space, helping close off distractions. Will this be the ultimate solution? </p> <p>For more CRE news, visit our <a href="http://naiblackblog.com/">blog</a>. </p> 332 2019-09-19 23:40 +00:00 2019-09-19 18:40 -05:00 http://naiblackblog.com/?p=327 http://naiblackblog.com/2019/08/why-sustainable-design-is-more-than-just-a-fad/ Commercial Real Estate commercial real estate eco friendly efficiency environment green real estate sustainability Why Sustainable Design is More than Just a Fad In the last few years, there&#8217;s been a lot of attention going towards sustainability. Eco-efficiency is now a leading element of commercial real estate&#8217;s development, and it&#8217;s changing the way the industry works. Sustainability is providing CRE with creative solutions that benefit both our society and the planet. Don&#8217;t make the mistake of thinking that [&#8230;] Wed, 28 Aug 2019 15:39:36 Z NAIBlack-Blog <p>In the last few years, there&#8217;s been a lot of attention going towards sustainability. Eco-efficiency is now a leading element of commercial real estate&#8217;s development, and it&#8217;s changing the way the industry works. Sustainability is providing CRE with creative solutions that benefit both our society and the planet. </p> <p>Don&#8217;t make the mistake of thinking that going green is just a fad. As it&#8217;s re-visioning the world around us, it&#8217;s clear that sustainability is here to stay. Still not convinced? Check out these 3 points that highlight the utility, appeal, and longevity of sustainable design. </p> <p><strong>Meeting Consumer Demands</strong></p> <p>Today&#8217;s consumers are aware, active, and ready to take a stance on sustainability. In order to best meet contemporary needs, eco-friendly design is a must. <a href="https://www.wearefuterra.com/">Futerra&#8217;s</a> recent report shows that people believe that their decisions truly make a difference. When surveying 1,000 consumers in the USA and UK, 96% of respondents feel that their actions can have a tangible impact on our world as a whole. </p> <p>This kind of individual involvement is a huge motivator for CRE, and it&#8217;s leading developers and investors to place sustainability at the forefront of their asset&#8217;s designs. </p> <p>There&#8217;s a large demographic of commercial clients who are strictly shopping for efficiency, and the only way to appeal to this market is by providing sustainable options. Not only will this elevate you above competitors, but it also broadens the sales funnel with prospective clients. </p> <p><strong>Financial Benefits of Going Green</strong></p> <p>There&#8217;s more to sustainable designs than just attracting eco-conscious tenants. The benefits extend into the financial sphere &#8211; which tends to speak louder than words. There is a multitude of opportunities available to sustainably-driven projects, and this motivates property owners and builders to re-think their design plans. </p> <p>There are significant financial perks that com along with building a sustainable property, and more and more developers are interested in these opportunities. Local and national governments, NGO&#8217;s, and other environmental groups provide grants and loans for eligible eco-efficient trailblazers. </p> <p>In many cases, these grants can cover the costs of building, installations, and maintenance. These financial benefits are so appealing that they&#8217;re motivating projects to take a sustainable approach &#8211; even if it&#8217;s only to qualify for the monetary aid. </p> <p>In today&#8217;s world, choosing sustainability is a smart business move. If you&#8217;re looking to get these unignorable benefits, consider making more wholesome design choices. </p> <p><strong>Paving the Way Into the Future</strong></p> <p>There&#8217;s no denying it &#8211; sustainability is the future. According to <a href="http://esquaredenergyadvisors.com/2018/12/04/e-squared-energy-featured-in-entrepreneur-com-its-official-customers-prefer-sustainable-companies/">Tim Grosse, Founder of E Squared Energy Advisors</a>, &#8220;Energy and sustainability work together to boost your top-line revenue growth and your profitability at the same time. Your business can ride this tsunami wave by gaining market share from the rapidly growing number of environmentally responsible consumers, or your business can lag the market and peers by ignoring this trend.&#8221; </p> <p>The <a href="https://www.nielsen.com/us/en/insights/article/2018/sustainability-sells-linking-sustainability-claims-to-sales/">Nielson Report</a> says it best &#8211; &#8220;No matter what, sustainability is no longer a niche play: your bottom-line and brand growth depend on it.&#8221; </p> <p>CRE pros, you heard it &#8211; it&#8217;s time to start accounting for sustainability in your design plans. For more industry-leading trends, explore our <a href="http://naiblackblog.com/">blog</a>. </p> 327 2019-08-28 15:39 +00:00 2019-08-28 10:39 -05:00 http://naiblackblog.com/?p=320 http://naiblackblog.com/2019/07/investors-are-flocking-to-these-cre-sectors-heres-why/ Commercial Real Estate Apartments Business commercial real estate industrial Investment Investors multi-family real estate retail Investors are Flocking to These CRE Sectors – Here’s Why From the moment this new year began, commercial real estate has seen a massive wave of interest coming from investors. Eager parties from all around the globe have been honing in on the US&#8217;s collection of commercial assets, viewing them as safeguards against any possible external fluctuations. The latest investment trends can be observed through [&#8230;] Wed, 31 Jul 2019 21:43:04 Z NAIBlack-Blog <p>From the moment this new year began, commercial real estate has seen a massive wave of interest coming from investors. Eager parties from all around the globe have been honing in on the US&#8217;s collection of commercial assets, <a href="https://www.wsj.com/articles/real-estate-stocks-in-high-demand-as-trade-battle-brews-11558436401">viewing them as safeguards against any possible external fluctuations.</a> </p> <p>The latest investment trends can be observed through the ebbs and flows of the commercial market. Some sectors are more popular than others, but there are currently 3 hot areas that investors can&#8217;t seem to keep their hands off of. Let&#8217;s explore these expanding CRE sectors and find out what makes them so irresistible to the market&#8217;s top investors. </p> <p><strong>Industrial is On the Rise</strong> </p> <p>It&#8217;s not hard to see why industrial real estate would stand as one of the hottest assets to investors. The demand for industrial properties is present within nearly every major company. </p> <p>Tech giants need industrial spaces to act as HQ as the capabilities of data continue to change and expand. Retail brands are looking to get their hands on warehouse spaces around the country as they transition into omnichannel retailers. In order to succeed, many warehouses are required to better accommodate online shoppers with faster deliveries. </p> <p>With so much focus on US industrial spaces, it&#8217;s also piqued the interest of investors around the globe. <a href="https://americas.uli.org/research/centers-initiatives/center-for-capital-markets/emerging-trends-in-real-estate/">ULI&#8217;s 2019 Emerging Trends Report</a> reveals that industrial is the top-rated commercial sector by investors. </p> <p><strong>Multi-Family Attracts Big Players</strong></p> <p>Behind industrial, the multi-family sector is CRE&#8217;s second hottest investment choice. US apartment complexes have always offered an attractive opportunity to deep-pocketed investors around the globe, and the multi-family sector stands as one of CRE&#8217;s core markets. Multi-family assets have attained the highest sales totals and strongest price appreciation rates in decades. What&#8217;s more, leasing and sales transaction activity remains robust. </p> <p>Looking towards 2020 and beyond, transaction values in these core areas are expected to remain strong. </p> <p><strong>The Return of Retail </strong></p> <p>CRE&#8217;s retail market is making a strong comeback within the global investment scene. Retail, which for the most part has received the cold shoulder from investors, is expected to begin piquing interests through 2019. </p> <p><a href="https://ulidigitalmarketing.blob.core.windows.net/marketingfliers/Emerging_Trends_in_Real_Estate_2019.pdf">ULI</a> reports that the most sought-after retail properties will be ones that are ready to be remodeled and redeveloped. These types of spaces provide the perfect opportunity to be transformed into any number of retail-centric functions. </p> <p>Elaborating further, ULI continues &#8211; &#8220;If a site is sufficiently large, mixed-use is a great option for close-in suburbs looking to exploit maturing millennials&#8217; desire to enter their next life-cycle phase. There also is an opportunity to turn the tables on the e-commerce trend that fostered the obsolescence by redevelopment into distribution facilities.&#8221; </p> <p>Investor interest in domestic commercial assets is on the rise and set to continue into the future. This spells good news for CRE moving forward. </p> <p></p> 320 2019-07-31 21:43 +00:00 2019-07-31 16:43 -05:00 http://naiblackblog.com/?p=316 http://naiblackblog.com/2019/06/3-ways-landlords-are-leveraging-tech-as-the-new-amenity/ Property Management amenities commercial real estate landlord property management real estate technology tenant 3 Ways Landlords are Leveraging Tech as the New Amenity It&#8217;s no secret that the commercial real estate market is more competitive than ever. All across the United States, companies are moving to downtown areas, in an attempt to attract and retain the top talent. As a landlord, you are always trying to find new ways to add to your bottom line &#8211; and a [&#8230;] Thu, 20 Jun 2019 22:26:17 Z NAIBlack-Blog <p>It&#8217;s no secret that the commercial real estate market is more competitive than ever. All across the United States, <a href="https://www.bisnow.com/washington-dc/news/office/corporate-america-is-moving-back-downtown-heres-what-theyre-expecting-from-developers-98068">companies are moving to downtown areas</a>, in an attempt to attract and retain the top talent. As a landlord, you are always trying to find new ways to add to your bottom line &#8211; and a big part of that is focusing on your tenants&#8217; experience and reducing turnover. </p> <p>Take, for instance, The Shuman, a building recently redesigned in Naperville, an upscale suburb of Chicago. The Shuman was redesigned to have undeniable curb appeal, and includes a number of amenities designed specifically with tenants in mind. Roger Heerema, principal architect working on the project, notes that &#8220;ten years ago, it was enough to have something, anything, a check-the-box amenity like a fitness center. Today, landlords are looking at amenities with much more interest than they did before.&#8221;</p> <p>One of the best ways to improve the tenant experience in your buildings is to focus on technology as one of the amenities that you offer. Today, office buildings and other commercial spaces are taking their design cues from hotels and luxury homes &#8211; and with great results. With this in mind, let&#8217;s take a closer look at some of the ways savvy landlords are leveraging tech as the new amenity. </p> <p><strong>Targeting TAMI and FIRE Tenants With Flexibility</strong></p> <p>One of the biggest trends in commercial real estate that is the result of technology is co-working and flexible working spaces. Today, landlords are relying less on traditional 10 year commercial leases, instead offering more flexible options in leasing for tenants who do not want to commit to such long term deals. This is specifically attractive to startup tenants and those companies made up primarily of employees or contractors who work remotely. </p> <p><strong>Attracting Millennials With New Uses For Shared Space</strong></p> <p>There are a number of new models of co-working that are turning amenities into unique shared spaces for lease as part of the agreements with tenants. These shared amenities can include a number of different spaces, including recreational areas, rooftop meeting areas and centers, restaurants, coffee bars, and more. These types of spaces are centrally located with different levels of accessibility for tenants who choose to opt in for these shared amenities as part of their lease agreements.</p> <p><strong>Creating &#8220;Centers&#8221; That Are Rich in Amenities</strong></p> <p>This trend is one that is not unique to any particular industry &#8211; rather, all sectors of commercial real estate are choosing to offer their tenants amenity-rich &#8220;centers&#8221; in their space. Technology is playing a huge role in this shift, helping to turn the commercial campus into more of a lifestyle center, where tenants (as well as their customers, if they choose) can shop, bank, dine out, work and live &#8211; all in the same area. Driverless shuttles or free rideshare programs are other ways that you can plus up your tenant experience by utilizing technology. </p> <p>As organizations continue to battle it out in the great war for attracting talent, they will need to become more aware of the tremendous impact the environment has on both recruitment and retention. As a landlord, choosing the right style can mean real and significant impact to the bottom line. </p> 316 2019-06-20 22:26 +00:00 2019-06-20 17:26 -05:00 http://naiblackblog.com/?p=311 http://naiblackblog.com/2019/05/5-of-the-most-asked-for-office-amenities/ Property Management 5 of the Most Asked For Office Amenities It comes as no surprise to hear that in today&#8217;s workplace, competition for the top talent is fierce. It&#8217;s simply not enough to offer a great salary and a competitive benefits package &#8211; employees are looking for more. And, as it becomes more and more of a challenge to recruit and then retain these talented [&#8230;] Mon, 06 May 2019 20:10:38 Z NAIBlack-Blog <p>It comes as no surprise to hear that in today&#8217;s workplace, competition for the top talent is fierce. It&#8217;s simply not enough to offer a great salary and a competitive benefits package &#8211; employees are looking for more. And, as it becomes more and more of a challenge to recruit and then retain these talented employees, savvy organizations are getting creative in what they have to offer their employees &#8211; and they are turning to wokplace design as a new and unique solution. </p> <p>And while this sounds like a great solution to a problem that you may be facing yourself, before you get started ask yourself this question: do you actually know what your employees want in the workplace? Thankfully, <a href="https://www.leesmanindex.com/">Leesman</a>, an organization that specializes in collecting workplace data, has asked this very question to more than 250,000 respondents and analyzed their answers. </p> <p>Let&#8217;s take a closer look at 5 of the most asked for office amenities. </p> <p><strong>A Functional Desk</strong></p> <p>While this may seem like a no brainer, hear us out. Technology has evolved throughout the years &#8211; so why shouldn&#8217;t your employees&#8217; desks do the same? Sit/stand desks are incredibly popular, and are among the most requested types of desks today. As they continue to grow in popularity, these types of desks are becoming more cost-effective, making it an attainable and realistic goal for organizations looking to update and replace their current traditional desks. </p> <p><strong>A Comfortable Chair</strong></p> <p>It&#8217;s beginning to sound like employees aren&#8217;t asking for much, isn&#8217;t it? While this may sound like a frivolous request, it actually makes a lot of sense, given the amount of time that the average employee spends in chairs. It&#8217;s been proven that ergonomics can help to not only increase comfort and overall health, but also productivity. Think of investing in quality seating as investing directly in your employees. </p> <p style="text-align:left"><strong>Readily Available Refreshment Facilities</strong></p> <p>Whether your employees favor coffee, tea, or infused water, simply having refreshment facilities readily available can go a long way in helping to keep your employees happy. Believe it or not, an astounding 85 percent of employees surveyed asked for this particular amenity. And, with the number of options that are currently available, we&#8217;d say this one is a no brainer. A coffee bar or small cafe can be the perfect addition to any office space, and a great way for your employees to refuel and recharge throughout the day. </p> <p><strong>Small Meeting Spaces</strong></p> <p>With the growing trend in office spaces, it has become harder to find small, quiet spaces to conduct one-on-one meetings or to take important phone calls. With more employees connecting through task orientation, we&#8217;ve seen a rise in the demand for small rooms and concentration space. The function is the key when creating these types of spaces, and its important that you adapt to help keep your employees happy and productve. </p> <p><strong>Natural Light</strong></p> <p>It has been proven that natural light is of utmost importance to the overall health and well-being of everyone. But did you know that natural light can also help you to work more efficiently? The <a href="https://www.worldgbc.org/">World Green Building Council</a> backs this up with a study that proved that employees who work near sunlit windows demonstrated a production rate that was a full 15 percentage points higher. We think it&#8217;s a great sign that today&#8217;s employees are so tuned in to their well-being, and are taking note and requesting this feature in the workplace. </p> 311 2019-05-06 20:10 +00:00 2019-05-06 15:10 -05:00 http://naiblackblog.com/?p=304 http://naiblackblog.com/2019/04/nai-black-black-realty-management-launches-new-texas-property-management-division/ Property Management commercial real estate texas NAI Black – Black Realty Management – Launches New Texas Property Management Division Black Realty Management (a NAI Black Company) based in Spokane, WA recently established a new Texas property management division that specializes in multifamily management.&#160; &#160;Their new Texas base of operations is located in downtown Dallas with an anticipated office to be opened in Austin within the next 12 months.&#160; This new Texas division of Black [&#8230;] Mon, 15 Apr 2019 21:50:17 Z NAIBlack-Blog <p>Black Realty Management (a NAI Black Company) based in Spokane, WA recently established a new Texas property management division that specializes in multifamily management.&nbsp; &nbsp;Their new Texas base of operations is located in downtown Dallas with an anticipated office to be opened in Austin within the next 12 months.&nbsp; This new Texas division of Black Realty Management encompasses and services multifamily properties located in; Dallas Metro Area, Henderson, Austin and Amarillo.&nbsp; Along with providing multifamily and property management services, Black Realty Management offers multifamily consulting for new construction development, distressed property transitioning, a la carte multifamily due diligence services and full service commercial property management services.&nbsp; For more information on this new division or services provided please contact: Kim Sample, President, Black Realty Management, Inc., 509-623-1000 or <a rel="noreferrer noopener" href="mailto:ksample@naiblack.com" target="_blank">ksample@naiblack.com</a>. </p> 304 2019-04-15 21:50 +00:00 2019-04-15 16:50 -05:00 http://naiblackblog.com/?p=293 http://naiblackblog.com/2019/03/millennials-vs-gen-z-4-things-agents-need-to-know/ Commercial Real Estate Business commercial real estate millennials real estate technology Millennial’s vs. Gen Z: 4 Things Agents Need to Know Millennials are currently the age group most heavily impacting many industries, including commercial real estate, but Generation Z is hot on their tails. Gen Y, more commonly known as Millennials, are currently between the ages of 23 and 38 and were born between 1981 and 1996. Generation Z is the newest named generation, and are [&#8230;] Mon, 04 Mar 2019 22:50:44 Z NAIBlack-Blog <p>Millennials are currently the age group most heavily impacting many industries, including commercial real estate, but Generation Z is hot on their tails. Gen Y, more commonly known as Millennials, are currently between the ages of 23 and 38 and were born between 1981 and 1996. Generation Z is the newest named generation, and are between ages 3 and 23 years old. Both generations have grown up with technology in the majority, if not all, of their adult lives. America&#8217;s younger generations have also been put in an interesting economic situation that has often left them riddled with student debt, and less likely to afford luxuries their parents did. However, that has not stopped either the Millennials or work-aged Gen Z from shaping the commercial real estate industry and impacting it to change in new and exciting ways. How? Let&#8217;s take a look below at a few things you, as an agent need to know about how these generations are shaking things up.</p> <p>1. Work Style</p> <p>Millennials and work-aged Gen Zs are more likely to work remotely than any previous generation. According to a study done by Deloitte, 75% of Millennials want remote work styles to become universally accepted. They feel that it offers more flexibility and boosts productivity. This trend will likely continue into Gen Z when they enter the workforce. This creates changes in the office sector of CRE. Flex space and third spaces will become more important, and creating options for telecommuting will create additional profitability. </p> <p> 2. Technology</p> <p>Many Millennials can remember a time when technology was not a regular part of their lives or was very rudimentary &#8211; think dial-up, AIM, T9 texting, Myspace for social media. However, Gen Z has always had advanced technology in their lives. This means that technology will shape the CRE industry moving forward. Connectivity, fast Wi-Fi, smart options, and tech integration will become a necessity in nearly all CRE aspects to make it marketable to both generations. </p> <p> 3. Retail Renovations</p> <p>It is no secret retail is an ever-changing sector. With the explosion of e-commerce, retail markets will have to focus on evolving to suit the needs of Millennials, but more importantly Gen Z. Gen Z is focusing more on experiences rather than actual buying. Shops like Bonobos that showcase an online stock or renovation of traditional retail stores to offer services is where it&#8217;s at. Success will be found in building relationships, brand engagement, and experience-based shopping. </p> <p> 4. Eco-Everything</p> <p>Another trend that is prevalent to Millennials but poised to be of utmost importance to Gen Z is the ability to be eco-friendly, ethically sourced, and carbon minimal. Marci Merriman, an expert on anthropology, culture and brand strategy says that Gen Z will look into granular details like what type of building materials were used, how kindly the workers on the development were treated and more. Additionally, locations for investment or tenants will be chosen based on environmental impacts. This leads to various sectors of CRE including multi-family, office, hotel and industrial. </p> <p>Overall, Millennials have made a major impact in CRE and Gen Z is expected to change the scene even more. The companies, brokers and individuals who evolve and grow, wit these generations, rather than resisting change will be the ones who thrive and continue to profit into the future. </p> 293 2019-03-04 22:50 +00:00 2019-03-04 16:50 -06:00 http://naiblackblog.com/?p=286 http://naiblackblog.com/2018/12/new-year-new-goals/ Commercial Real Estate commercial real estate financial goal setting goals new year New Year, New Goals It is that time of year again where people begin making all sorts of new years resolutions. Whether it be to lose weight, to spend less money, to travel more…most everybody has one. For brokers, this can be a wonderful time of year to revisit your business plan and make new goals for yourself and [&#8230;] Thu, 27 Dec 2018 23:16:34 Z http://naiblackblog.com/2018/12/new-year-new-goals/#comments NAIBlack-Blog <p>It is that time of year again where people begin making all sorts of new years resolutions. Whether it be to lose weight, to spend less money, to travel more…most everybody has one. For brokers, this can be a wonderful time of year to revisit your business plan and make new goals for yourself and decide what you would like the new year to bring. We use a common business plan template for our team and would like to share some of what that includes so that it may help your business as well. </p> <p>1. Analyze your Accomplishments This Year</p> <p>What was your annual gross, monthly gross, and weekly gross income throughout the year? Recognizing your accomplishments is a great way to begin making new goals, and feel good about what you’ve done over the past 365 days. </p> <p> 2. Establish Your Goals for Next Year </p> <p>This includes your personal goals as well as your business goals. Both of these go hand-in-hand. Accomplishing business goals can help you accomplish your personal goals, and even vice versa. Note what kinds of clients you would like to be working with next year. What kind of clients would be best suited for your unique service that you provide? </p> <p> 3. Establish Income Goals for Next Year</p> <p>After you’ve looked at your accomplishments from the past year and decided on of new goals, now decide what kind of realistic income goals you would like to achieve.&nbsp; Again, think about your annual gross, monthly gross, and weekly gross incomes. </p> <p> 4. Establish Contact Goals for Next Year </p> <p>How many new contacts will you know by the end of next year? A huge part of succeeding in the industry is all about maintaining old relationships and always continuing to make new ones. Come up with a schedule and a plan for how you are going to accomplish making these new relationships. How many phone calls are you going to make a day? How many people are you going to set up coffee or lunch meetings with in a week? How many community events should you aim to attend per month? </p> <p>We encourage you to use these tips to make a business plan for yourself and see how it helps you throughout the next year. Check in with your business plan every month and see how you are doing and if you are staying on track. Share this with your friends throughout the industry to help them make a successful business plan for themselves so they can step into 2019 with the confidence to achieve their business goals! </p> http://naiblackblog.com/2018/12/new-year-new-goals/feed/ 1 286 2018-12-27 23:16 +00:00 2018-12-27 17:16 -06:00 http://naiblackblog.com/?p=276 http://naiblackblog.com/2018/11/our-journey-to-the-gsi-building/ Spokane Business News Our Journey to the GSI Building After 46 years at the James S. Black building, we moved offices mid-November of this year. As one can imagine after that much time this move was a huge deal for our company. Moving can be a large task for anybody, whether you&#8217;re moving houses, a retail location, or a small or big office. There [&#8230;] Fri, 30 Nov 2018 00:36:15 Z NAIBlack-Blog <p>After 46 years at the James S. Black building, we moved offices mid-November of this year. As one can imagine after that much time this move was a huge deal for our company. Moving can be a large task for anybody, whether you&#8217;re moving houses, a retail location, or a small or big office. There are many items that need to be taken care of and usually in a timely matter. We have created this checklist to share a little piece of our move story as well as hopefully spark some thoughts on what you may need if you are planning a big move anytime soon.</p> <ol> <li>Find an architect and a contractor that you trust.</li> </ol> <p>If you plan on remodeling like we did, the first thing you need to do is figure out how you would like to configure your new space. Luckily, being in the commercial real estate industry we have formed relationships with multiple companies that we like to use. We chose to use Shane Mercier, with Mercier Architecture &amp; Planning, to help design the layout of our new space, and we used Michael Galles with Construction Associates of Spokane as our contractor. Both did a wonderful job at converting our ideas into a reality.</p> <ol start="2"> <li>Figure out offices for employees (and brokers in our case).</li> </ol> <p>Sometimes this can prove to be a difficult task, especially when you have a lot of employees. Finding a place where everyone will work well is a crucial aspect of any office, and it also brings comfort to your staff when they know that they will have a nice new “home” to work.</p> <ol start="3"> <li>Figure out any new parking.</li> </ol> <p>Many buildings located in the peripherals of cities have parking, but this can be a tougher task when you work in the downtown area. Will you need to find new parking garages for your staff? Are they going to be parking somewhere they feel safe walking the distance to work? How might parking prices change? Luckily, we didn’t move to far so most of our employees didn’t have to worry about new parking. However, we wanted to assure our brokers and our property managers that they would have a wonderful parking space with easy access in and out of our new building.</p> <ol start="4"> <li>Fine tune your move schedule.</li> </ol> <p>Moving a large office takes a village and making sure that everyone is on the same page and the right people are delegated the right tasks is a crucial part of moving. First, we had to make sure that everyone knew when they needed their offices packed up. We hired Contract Design Associates to take down our cubes and put them back up in our new space. We used Spokane Pro Movers to move all of our furniture. Then some of our amazing staff helped to move all of the computers and our IT transferred the network and our phones over. These were no small tasks and thanks to our Executive Team we were able to carry them out smoothly.</p> <p><img data-attachment-id="282" data-permalink="http://naiblackblog.com/2018/11/our-journey-to-the-gsi-building/20181116_112114/" data-orig-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?fit=2872%2C2429" data-orig-size="2872,2429" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;1.7&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;SM-G955U&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1542367274&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.25&quot;,&quot;iso&quot;:&quot;50&quot;,&quot;shutter_speed&quot;:&quot;0.00078125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="20181116_112114" data-image-description="" data-medium-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?fit=300%2C254" data-large-file="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?fit=1024%2C866" class="aligncenter size-large wp-image-282" src="https://i1.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491-1024x866.jpg?resize=1024%2C866" alt="" width="1024" height="866" srcset="https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=200%2C169 200w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=300%2C254 300w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=400%2C338 400w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=600%2C507 600w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=768%2C650 768w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=800%2C677 800w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=1024%2C866 1024w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?resize=1200%2C1015 1200w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?w=2200 2200w, https://i2.wp.com/naiblackblog.com/wp-content/uploads/2018/11/20181116_112114-e1543538370491.jpg?fit=2872%2C2429 2872w" sizes="(max-width: 1024px) 100vw, 1024px" data-recalc-dims="1" /></p> <ol start="5"> <li>Time to get organized!</li> </ol> <p>When you get all of your furniture in, it’s time to tie down final details. Hanging pictures, arranging furniture, organizing break rooms and supply cabinets, making sure everyone has all the furniture and file cabinets they need and any lighting they may need to adjust. There are numerous details in moving offices and it is an ongoing process, but the goal is an end result that lasts for many years to come.</p> <p>This was a historical move for our company and it is hard to put into one single blog post all of the details and moving parts that went into this venture. We are so grateful for all of the hard work each and every person that was involved with this project put in. Come visit us at 801 W. Riverside, Suites 300 &amp; 400, and check out our new digs!</p> <p>&nbsp;</p> 276 2018-11-30 00:36 +00:00 2018-11-29 18:36 -06:00