This article from CNBC discusses 7 Bold Predictions for Commercial Real Estate. Thought you might like to see what the pundits are saying about what they feel is imminent in our Industry’s future. Enjoy!
http://www.cnbc.com/id/101508251
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If you want to build with an eye toward the future, you need to think “green”. As environmental standards, energy efficiency, sustainability and other futuristic terms become the norm, future buildings will have to meet certain standards. And, although it’s not inexpensive to build a greener building in the short term, the cost savings in energy alone can be phenomenal. Plus, if you’re building with an eye toward the future, building an environmentally-friendly structure is still going to be a lot more cost-effective than retrofitting in the future. Remember asbestos?
This article from CNBC discusses 7 Bold Predictions for Commercial Real Estate. Thought you might like to see what the pundits are saying about what they feel is imminent in our Industry’s future. Enjoy! http://www.cnbc.com/id/101508251
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Downtown Little Rock is vibrant and growing, fresh with new attractions, commerce, building, arts and revitalization. One of the most aggressive projects going on under the noses of Little Rock's citizens, but foremost on the minds of Commercial Real Estate developers, is the Main Street revitalization. Bringing back residents to the Main Street corridor is a conscious strategy to this revitalization process. Beautification, additional retail, pedestrian and bicycle-friendly streets and paths--these are all major contributing factors weighing in on the positive growth of Downtown Little Rock and the Argenta neighborhood of North Little Rock. This video has been created by Downtown Little Rock Partnership and Station X under the direction of Becky Falkowski (DLRP, PR & Communications Director) and describes the progress being made right now, and the passionate work taking place right now to make it all happen. It's A look at Downtown Little Rock revitalization as seen through the eyes of Little Rock's community leaders and developers. What are your qualifications for the Commercial Property you seek? What attributes does it need to possess in order to meet the criteria necessary to make it the perfect Real Estate for your company or your client?
What if your company is a small manufacturing facility in Central Arkansas which has outgrown the office, warehouse and manufacturing capacity of your current facility? You would obviously be looking for a piece of property which was reasonably priced, close to major streets and highways to make it easy to ship your goods. Since your site also contains the "corporate headquarters", you would want to choose a place where you're proud to bring customers and prospects. You'd also need a place desirable for your labor force. What if, as a Commercial Real Estate Broker, your client is looking for a piece of property for a new hotel which caters to the burgeoning Little Rock travel/tourism trade. You would want an attractive property which is close to the action, picturesque and appealing to consumers. Riverfront property near Downtown Little Rock's main attractions certainly fits this bill. Or suppose your client is a transportation firm needing a "port" along the McClellan-Kerr Arkansas River Navigation System to handle the offloading of cargo, for distribution to places via truck lines and railway? Wouldn't it be nice to find a property along the Arkansas River, centrally located in Downtown North Little Rock, which already contains a 100' Corps of Engineered Sheet-Piling Pier, which is 2 blocks from the intersection of Interstate 30 and Interstate 40, and only a mile from North Little Rock's Union Pacific rail yards? ArgentaRiverfront.com meets all these criteria. Plus, it's priced to sell. See more on our Information Page, and come see why so many of your future neighbors have chosen this neighborhood to locate their businesses! Even though the economy continues to recover at an almost anemic rate; even though job growth is less than stellar; even though overseas markets are a bit tumultuous, here in the states, the ROI for Commercial Real Estate has been, so far, fairly solid, according to the National Association of Realtors. The NAR is predicting that “property fundamentals are steady and improving slightly, and total expected returns on a risk-adjusted basis appear very reasonable in the year ahead.”
They have also developed a must-see, 63 page report about the future of Real Estate Markets, which gives commercial investors insights into everything from economic outlook and capital markets, to expectations for the 5 major property sector markets. Check it out and download your own personal copy here: http://www.realtor.org/reports/expectations-and-market-realities-in-real-estate-2014 |