Minding Business

A recent survey of young and older workers in Commercial Real Estate (CRE) identified significant differences in how they view technology in the industry, how it affects them and how they anticipate it will affect them in the future. The study was conducted by Coldwell Banker Commercial and National Real Estate Investor (NREI). Survey respondents were divided into those age 45 and younger and those older than 45. Here are four key findings of the study.   #1 Tech rocks the younger CRE workers’ world.... read more
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Uber offers lessons for CRE

Posted by Anna Jotham on September 06, 2017 in No Category
Bet that’s a headline you didn’t expect to see, but a recent blog from Coldwell Banker Commercial noted the market similarities between Uber and commercial real estate. We think they’re pretty compelling. Here are the highlights.   1. Established industries can be drastically disrupted As Uber has exploded to serve both large and small metro areas across the country, it has thoroughly disrupted the taxi industry which had been a transportation mainstay for many years. They did it simply b... read more
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Tenants: Are You Paying for the Actual Space You Use?

Posted by Anna Jotham on August 21, 2017 in No Category
Any business watching the bottom line needs to know exactly where its money is spent. Since the business space you lease is often one of your larger expenses, it’s important to know precisely the space you’re paying for as those costs may not be in line with what you’re actually occupying.   Oftentimes, though not necessarily intentionally, lease agreements will include that the tenant agrees to the office size as stated. Both parties sign the agreement and get back to work. But does the st... read more
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Smart home technology is slowly making its way into becoming a mainstay for home owners. From Ring to Nest and Philips Hue to Nokia Body, consumers are adapting as they see the many ways technology can simplify and add peace of mind to their lives. As consumers, they can afford to take their time bringing their homes into the 2010s and 2020s.   Commercial property owners cannot. Remember when computers were founded in businesses, but not many homes? Or when only the top people in the company had cell phone... read more
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Major shifts are occurring in the commercial real estate market right now that are (or should be) taking many developers, landlords and business a new direction. Here are the top four commercial real estate trends we’re watching in the 7 Rivers region. #1 Changing Demographics. As millennials overtake baby boomers, we’re seeing ripple effects across several markets. Millennials are having a harder time getting established in their careers and are more careful with their money. They want to avoid debt... read more
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