News Feeds (RSS) http://naiblackblog.com/?p=350 http://naiblackblog.com/2019/12/pets-on-property-how-multifamily-managers-can-keep-track/ Property Management Apartments multi-family pets property management Pets on Property: How Multifamily Managers Can Keep Track We all love our four-legged friends, but they can impact a multifamily property. Property managers need to be aware of in-unit animals. The issue of unreported pets is a problem that has long plagued the multifamily industry. Unreported pets can create legal issues, loss of profits, and damage to the property. This complex issue is [&#8230;] Wed, 11 Dec 2019 00:43:33 Z http://naiblackblog.com/2019/12/pets-on-property-how-multifamily-managers-can-keep-track/#respond NAIBlack-Blog <p>We all love our four-legged friends, but they can impact a multifamily property. </p> <p>Property managers need to be aware of in-unit animals. The issue of unreported pets is a problem that has long plagued the multifamily industry. Unreported pets can create legal issues, loss of profits, and damage to the property. </p> <p>This complex issue is difficult to address. It&#8217;s easy for residents to hide the fact that they have a pet living with them. More so, tenants who have one registered animal oftentimes will grow their furry family without reporting the new additions. </p> <p>However, there are ways that your multifamily management team can get a hold of this issue. Here are 3 expert tips: </p> <p><strong>Perform Regular Pet Audits </strong></p> <p>Keeping up with on-property pets isn&#8217;t easy. In order to have an accurate gauge on the number of furry-friends on-site, it&#8217;s a good idea to add regular pet audits into the process. </p> <p>There are many ways to go about performing pet audits, some of which are extremely straightforward while others fall under the radar. </p> <p>One option is to add an annual pet audit during the renewal period. When it&#8217;s time to resign that lease, make sure to revisit the issue of in-unit animals. This cuts straight to the point and allows your tenants to register any undocumented pets immediately rather than having to take extra steps.</p> <p>Property managers who are looking to keep the audit low-key have plenty of options, too. </p> <p>One method is to add the audit to the inspection process. When a team member is entering the property for preventative maintenance on plumbing or smoke alarms, have them take note of how many animals are on-site and their characteristics. Once the inspections are complete, you can compare the data they gathered with what&#8217;s on file and see if anything is amiss. </p> <p><strong>Monitor With Surveillance</strong></p> <p>Property managers can use their multifamily surveillance system to see who has what pet. Whether it&#8217;s for a walk, vet appointment, or a trip to the dog park; pet owners will undoubtedly be taking their animals out of the unit. If the property has cameras set up, you should have a recording of the residents and their pets. </p> <p>Try adding a &#8216;pet-watch&#8217; program to the security team&#8217;s surveillance process. It&#8217;s easy to take note of whatever animals you see coming and going from the apartment unit. This is a good hands-off approach to keeping track of pets in multifamily. </p> <p><strong>Use Screening when Approving Residents with Pets</strong></p> <p>Approving multifamily applicants with pets can be a hassle. The management team needs to see if the pet is a good fit for the community, if they meet all of the building&#8217;s pet policies, and any other specific issues. </p> <p>To make this time-consuming step more efficient, use a tech-powered software to help screen your prospective tenants. These screening software&#8217;s streamline the process, all while giving you extremely accurate data and logistics. </p> <p>These three tips will help multifamily managers keep track of the pets living in their communities helping to mitigate liabilities and boost profits. </p> <p>For more industry-leading advice, explore our <a href="http://naiblackblog.com/">blog</a>. </p> http://naiblackblog.com/2019/12/pets-on-property-how-multifamily-managers-can-keep-track/feed/ 0 350 2019-12-11 00:43 +00:00 2019-12-10 18:43 -06:00 http://naiblackblog.com/?p=345 http://naiblackblog.com/2019/11/this-is-where-proptech-is-headed-in-2020/ Commercial Real Estate Business commercial real estate proptech real estate spokane technology This is Where PropTech is Headed in 2020 Commercial real estate&#8217;s greatest disrupter is technology &#8211; and the industry is loving it. Technological advancements are constantly changing the way business gets done, and the speed of innovation is increasing. Upgrades, enhancements and new software restructure the industry; and it&#8217;s up to all of us to stay current. There&#8217;s so much activity brewing in [&#8230;] Tue, 19 Nov 2019 23:51:56 Z NAIBlack-Blog <p>Commercial real estate&#8217;s greatest disrupter is technology &#8211; and the industry is loving it. </p> <p>Technological advancements are constantly changing the way business gets done, and the speed of innovation is increasing. Upgrades, enhancements and new software restructure the industry; and it&#8217;s up to all of us to stay current. </p> <p>There&#8217;s so much activity brewing in the world of PropTech. From Smart systems and the IoT, 2019 has already seen significant developments. It has the ability to breathe fresh life into old buildings and revitalize the commercial market which has immense promise for what&#8217;s to come. Once 2020 rolls around, PropTech is vamping up to restructure CRE. </p> <p>In order to stay current, agents, brokers and their clients all need to know what&#8217;s coming next. This is what the experts are forecasting for the 2020&#8217;s PropTech evolution. </p> <p><strong>Environmentally Friendly</strong></p> <p>Across the board, there&#8217;s a major shift towards eco-awareness. As consumers become more conscious of carbon footprints and the impact human civilizations have on the planet, going green has been a main point of interest for major companies around the world. </p> <p>It&#8217;s a movement that&#8217;s impossible to ignore &#8211; and it&#8217;s making its&#8217; mark on PropTech. Due to the sheer size, scale and functions of commercial properties; they tend to use large amounts of energy and create waste. To combat these negative results, sustainability is becoming a pivotal aspect in defining a company&#8217;s success. </p> <p>This ecologically-friendly evolution of property technologies will play a huge role in facilitating this shift. Smart technologies used on commercial properties will be able to conserve resources and cut back on waste &#8211; making large strides towards a greener industry. </p> <p><strong>Designing with Users in Mind</strong></p> <p>It&#8217;s no secret that today&#8217;s consumers want convenience, access and automation. </p> <p>In efforts to provide everything they want and more, PropTech companies are designing with the user in mind. User experience has been a main focus point for businesses in the last few years, and its application to property technologies will boost productivity and efficiency. </p> <p>These technologies will use AI (artificial intelligence) to make predictions and create algorithms that give users a personalized experience. By observing past actions, these PropTech systems will be able to give suggestions and anticipate users&#8217; wants. </p> <p>In 2020, expect to see PropTech working with users to help optimize this experience. </p> <p><strong>Complete Connection</strong></p> <p>The biggest PropTech trend in the 2020 forecast is establishing seamless connectivity. Interconnected systems are expected to become commonplace within commercial buildings. A mass integration of systems running under the same software will bring unity to the various moving pieces involved in property management.</p> <p>Team members, tech tools, apps and other systems will be linked to one core processor that interweaves everything together as one harmonious unit. These complex systems of data and analysis will be seen as imperative to business, whereas today we see them as a bonus or perk. Already consumers are demanding greater connectivity and access to keep up with the changing industry. </p> <p>The possibilities seem endless. What PropTech trends are you watching out for next year? For more CRE insights, visit our <a href="http://naiblackblog.com/">blog.</a> </p> 345 2019-11-19 23:51 +00:00 2019-11-19 17:51 -06:00 http://naiblackblog.com/?p=339 http://naiblackblog.com/2019/10/investors-pay-attention-to-opportunity-zones-before-the-end-of-2019/ Commercial Real Estate commercial real estate Development Investment Investors opportunity zone Investors: Pay Attention to Opportunity Zones Before the End of 2019 The clock is ticking for opportunity zone investment. Are you prepared? As 2019 comes to a close, investors will need to play their cards right regarding opportunity zones. The coming months will be vital to the development of the country&#8217;s opportunity zone program. Here&#8217;s a breakdown of what&#8217;s happening with OZs and some tips to [&#8230;] Fri, 25 Oct 2019 22:42:23 Z NAIBlack-Blog <p>The clock is ticking for opportunity zone investment. Are you prepared? </p> <p>As 2019 comes to a close, investors will need to play their cards right regarding opportunity zones. The coming months will be vital to the development of the country&#8217;s opportunity zone program. </p> <p>Here&#8217;s a breakdown of what&#8217;s happening with OZs and some tips to help investors stay on their A-Game. </p> <p><strong>Off to a Slow Beginning </strong></p> <p>When 2019 started, investors were taking their time. There was a lot of speculation within the industry as to how opportunity zones would play out in the big picture. The tangible benefits and ROI-boosting powers of opportunity zones weren&#8217;t so clear, causing investors to withdrawal until there was a better idea of what&#8217;s coming next. </p> <p>For the most part, investors chose to err on the side of caution and wait it out. Playing it safe meant stalling on the big moves, and this resulted in a slowdown in opportunity zone activity. Fundraising projects were slow to grow and many thought that there just wasn&#8217;t enough interest around the country&#8217;s OZs. </p> <p><strong>Finally Heating Up in the 3rd and 4th Quarter</strong></p> <p>Things were at a stalemate &#8211; that is, until the second half of 2019 came about. </p> <p>Why did this happen? What caused the sudden turnaround? </p> <p>The tides started changing when the US Treasury Department released its second round of opportunity zone regulations in March. This release helped to put investors at ease and also clarify their position when dealing with OZ assets. </p> <p>On the topic, the President of Javelin 19 Investments, Jill Homan, <a href="https://www.bisnow.com/national/news/opportunity-zones/second-round-opportunity-zone-regulation-investors-free-to-go-98546">shared with Bisnow</a>: </p> <p>&#8220;I think this set of regulations covers a lot of ground, and will certainly spur investment in the operating business side and get a lot of real estate investors comfortable, because this incentive really fits neatly with how we traditionally operate.&#8221; </p> <p>Steve Glickman, the Founder and CEO of Develop LLC, also shared some expert insights: </p> <p>&#8220;I think now, the capital that has been waiting in the wings will finally begin to get out there and form funds or invest in funds that have already launched. The overarching thing that&#8217;s positive about the regulations is just the sense of clarity and finality about what we&#8217;re going to get from the Treasury Department.&#8221; </p> <p>This news was exactly what investors were waiting for as it seems to already be taking effect. Since April, there&#8217;s been a significant increase in OZ investment activity. Funds are growing, money is moving, and investors are taking another look at the program as a whole. </p> <p><strong>Deadlines Are Approaching</strong></p> <p>Besides the good news, investors still can&#8217;t get too comfortable. Time is nearly running out to join in on the opportunity zone movement. </p> <p>December 31, 2019 is the current deadline. Anyone who participates before this cut-off date will be given the 15% tax reduction for investing in the program &#8211; a huge benefit that any investor&#8217;s hungry for. </p> <p>While some political figures are working to extend the deadline, nothing has changed as of yet. The limited time frame and heightened stakes are causing experts to believe that the OZ project will be even more successful than initially anticipated. </p> <p>Things are happening fast in the world of opportunity zones. Are you ready? For more commercial real estate insights, check out our blog. </p> 339 2019-10-25 22:42 +00:00 2019-10-25 17:42 -05:00 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 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> 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