Real News from RealNex

If you take a look around, it’s easy to see that the traditional shopping mall has been in steady decline over the past several years. According to research firm Moody’s Analytics, mall vacancies were at a historic high of 9.8 percent in September 2020, which exceeded the previous high of 9.3 percent in 2011. And, unfortunately, this trend doesn’t seem to be going away anytime soon. In fact, Coresight Research recently estimated that 25 percent of America’s approximately 1,000 existing shopping malls will close over the next three to five years. 

As we continually face unexpected obstacles, the real challenge lies in finding new and creative ways of using the technologies that we already have in order to solve today’s problems. 

Real estate, both commercial and residential, has been exploring new ways to conduct property showings for some time now. 

In light of the recent events, commercial real estate professionals all around the globe have one question in mind - moving forward, how can we make our buildings safer? 

With data now available from the first full quarter since the Covid-19 pandemic shut down the economy and forced work from home rules, RealNex hosted its quarterly Market Update with Dr. Jeffrey Fisher. Based on his research using data from the National Council of Real Estate Investment Fiduciaries (NCREIF) and others, Dr. Fisher presented his findings and analysis of a dramatically altered landscape. Although the impact was mitigated by government programs that enabled more rent to be paid than otherwise might have, rents, NOI and returns all dropped for the first time since the 2008 Global Financial Crisis (GFC).

By Jeffrey D. Fisher, Ph.D.

While the commercial industry was already on the road to becoming a tech-dominated business, this year has seen the transition happen at a pace never imagined. 

For Immediate Release

Wow! What a great session of the RealNex Webinar Series and User Group. In this combo event on July 9, “Beau Knows: Why Investors rely exclusively on this Top Producer”, we hosted a panel including RealNex power user and top producing agent Beau Beery, CCIM, industry veteran and preeminent CRE coach Rod Santomassimo, CCIM and our own VP National Business Development Matthew Smith. The session was chock full of golden nuggets, best practices and high impact takeaways.

In today’s world, it seems like everyone is ordering everything online, from groceries to cars. Whether it’s a package from Amazon or Etsy — or anything in between — your residents are tracking their packages every day. However, the chaos caused by the constant rush of deliveries throughout the building is probably less than appreciated by your property management and staff.