Real News from RealNex

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

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. 

If you’re just getting started in commercial real estate, or even if you’ve been in commercial real estate for a while, you’ve no doubt realized that the industry definitely has its own lingo. The CRE vernacular can sometimes be overwhelming, and it can be tough to learn how to navigate through all of the different terms. 

If you’re in the market for a property management company, it’s important to take the time to do your research, in order to learn about each potential candidate. After all, there is a big difference between hiring the first property management company you come across — and hiring a good property management company. Your management company is not only there to manage and protect your assets, but they are also a direct reflection of you. 

It’s no secret that industrial real estate has been the golden child sector of commercial real estate, as of late. Industrial properties have consistently been among the top-performing sectors, but unfortunately, COVID-19 could cause returns to take a significant hit. 

In the wake of the COVID-19 global pandemic, some companies are choosing to offer tours without a leasing representative. This trend not only allows everyone to stay safe and healthy, it also meets growing interest from consumers to view a property on their own time and at their own pace. But are self-guided tours sustainable for commercial real estate? Will it work? Let’s take a closer look. 

The global coronavirus pandemic has had an unprecedented impact on many of the habits and customs that have guided our society for as long as we can remember. And few places have been as disrupted as the workplace, with the majority of the American workforce being confined to their homes. 

There never seems to be a shortage of prognostications about what will happen the moment a crisis hits.  Some of you may remember the dire predictions for real estate at the onset of the Global Financial Crisis (housing oversupply for 25 years).  A few of you may even remember the doom and gloom from the S&L crisis.  Predictably, an immediate conclusion some in the real estate industry reached was that the office market is dead due to Covid-19 – not to return.  No ifs, ands or buts.  We have proven technology that accommodate us working remotely and we have no need to commute to an office anymore!

If you’ve been keeping up with commercial real estate news in the last two years, you’re already familiar with the increased application of sensor technology within the industry. 2018 and 2019 were buzzing with conversations about how the implementation of sensor tech was set to transform CRE forever.