Glorified LEGOs? Deconstructing the latest trend in CRE + 4 examples

Modular construction could revolutionize the commercial real estate industry. From hotels to highrises, developers are turning to prefabricated buildings to complete projects faster, bypass the construction labor shortage and decrease costs.

While building something one place and assembling it in another is hardly a new idea, there are many misconceptions surrounding modular construction and its role in the industry. But thats beginning to change, and whether its a new Marriott hotel or a multifamily building in Brooklyn, modular construction is here to stay.

Topics: Industry News

3 ways retail can keep brick and mortar relevant

Do you remember shopping with your parents when you were a kid and enjoying an ice cream as payoff? Even though retail has changed dramatically in recent years, that combination of experiences in your memory is what is helping keep brick and mortar retail stores relevant today.

Despite the rise in online retail, there are still reasons why some customers prefer in-store experiences. Some want to physically touch the product, browse more options, or just the enjoy shopping experience itself.

It’s a competitive market, but there are ways traditional retail stores can keep customers coming through their doors.

Topics: Industry News

Why office design is incorporating spaceship technology

Not all office space is created equal. Employees are more productive when they are happy and healthy, and that’s why companies are always trying to make their offices better.

While stellar office design helps employees do their best work, some businesses are moving one step beyond design and focusing on technology. From controlling indoor air pollution to optimizing temperature and lighting, modern offices are using spaceship-esque technology to increase worker productivity.

Topics: Industry News CRE Tech

Last-mile distribution: 6 things to know about how it’s affecting CRE

E-commerce may be thriving online, but people forget that its success depends entirely on physical space: the distribution centers that keep things stocked and ready for delivery.

With online shopping on the rise, the demand for last-mile distribution space is growing—and it's ushering in a boom for the commercial real estate industry. For example, in the Bay Area, consumer demand for near-instant delivery has led to a 10% price increase for warehouse space. That’s in just two years.

So what does the future hold for brokers who hone in on this major opportunity? Here’s what you need to know.

Topics: Industry News

The hurricane effect: How extreme weather impacts CRE

It’s been a hurricane season unlike any other, with four major storms hitting U.S. shores within weeks of each other: first Harvey, then Irma, Maria, and Nate. In the calm between the lashing wind and rain, we’re stopping to ask: What exactly does this all mean for CRE?

Today, we’re taking stock of the impact these storms have had on commercial real estate in three affected regions. Here’s where things stand:

Topics: Industry News

Who’s getting Amazon’s new HQ? Here are our predictions.

Last month, we got the big news: Amazon’s scoping out a second headquarters that could bring $5 billion in new construction and up to 50,000 new jobs.

Since then, cities have been fervently vying for the chance to land “Amazon HQ2,” submitting their bids ahead of the October 19th deadline set by the company.

So what’s in it for cities willing to offer up tax incentives, relocation subsidies, donated land, and more—like renaming themselves Amazon? If the past is any indicator, Amazon HQ2 could be a success story similar to Seattle’s, where the company has generated an estimated $38 billion in indirect investment between 2010 and 2016.

Could your city be the lucky one to land HQ2? Let’s take a look at who’s got the best shot, who’s in the running, and who may ultimately win.

Topics: Industry News

How the top 10 U.S. office markets ended Q2

U.S. office markets stayed strong over the course of Q2. That’s according to Colliers International’s Top Office Metros Snapshot, which said most major markets are in position to keep the momentum going into next quarter.

While six top markets experienced negligible changes in rent, rents advanced in four and absorption rose in six. Despite solid results during the quarter, Colliers said the combination of tenant downsizing and new supply is likely to increase vacancy rates down the road. From Manhattan to Seattle, here’s how the nation’s top office markets finished Q2.

Topics: Industry News

8 of the tallest buildings currently under construction

Cities are getting taller. Skylines are growing as developers and architects push the limits, yet when it comes to height, the world is not advancing at an equal pace.

Topics: Industry News

CCIM, SIOR, and beyond: The broker’s guide to certifications and professional associations

As a commercial real estate professional, the majority of your learning likely happens on the job through direct experience, or with colleagues and mentors.

But if you’re looking to continue your education and become a better broker, you might want to consider joining a professional organization or even taking a course or two. If you’re up for a challenge, then you can seek out a certification such as CCIM or SIOR.

To help you make the decision, we’ll take you through the pros and cons of professional associations and certifications—then help you evaluate some of your options.

Topics: Industry News

Why CRE needs more women—and what we can do about it

How many female brokers do you know?

While you may be able to name a few who’ve done remarkably well—women like Heidi Burkhart, for example—they’re getting harder and harder to find. In the past decade, there’s been a 10% decline in the number of female CRE brokers, according to a study by the CREW Network (PDF).

That loss is troubling, especially given how few women are in the industry to start with. According to NAIOP’s 2013  Commercial Real Estate Diversity Report (PDF), there are:

  • 14.1% women at the executive level*
  • 21.5% women at the mid level
  • 29.5% women at the professional level
  • 79.2% women at the clerical level

That’s a shame: these numbers don’t just reflect a loss of female talent at the higher levels, they reflect a massive loss of potential.

Topics: Industry News