In Friday’s commercial real estate news – we’ll look at how Costar fully integrated their database with LoopNet, how commercial real estate deal maker Russ Nelson will retire at year’s end, the NAI Martens report on demand for office space, how US rents are getting more affordable as renters get richer, and much more!
The ubiquitous tool commercial real estate professionals use in their daily workflow is about to look and feel noticeably different.
His 35-year career included finding office space for the area’s top companies.
According to its annual area commercial real estate report, NAI Martens indicated a continued lag on office properties.
One reason for the shift is that wealthier families are increasingly likely to rent, allowing landlords to raise prices without raising the risk that their tenants won’t pay.
Why are these Big Apple lenders cutting back on their commercial real estate financing activity?
Ten-X Commercial Division Managing Director Yan Khamish said though technology can never replace brokers in the investment sales process, it can cast a wider net and help investment brokers, buyers, and sellers close more deals faster.
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