Technology is always evolving. Innovation has impacts that ripple across all industries, and commercial real estate is no exception. New and emerging technology is leading to changes in the commercial real estate industry. From virtual reality to smart building solutions, join us in exploring some of the hottest commercial real estate technology trends.
Many things about 2020 were unprecedented and shrouded in uncertainty, and the commercial real estate market was no exception. Throughout the year, there have been concerns from both renters and property owners as we all navigated this unpredictable territory.
As we look forward to the coming year and the predictions for the multifamily industry in 2021, we’ll first reflect on the trends we saw each quarter in our 2020 commercial market review for Des Moines.
There are many ways to calculate the value of a real estate investment: return on investment, cash-on-cash, internal rate of return and more. Individuals should study a variety of different financial ratios before investing in rental property.
One calculation, return on equity (ROE), provides important insights about the impact of changes in the market and shifts in commercial real estate trends. Savvy property investors need to continually evaluate how these outside factors could affect the value of their property. Read on to learn more on how to calculate return on equity and use ROE data to make key investment decisions.
If you own a multifamily property, it’s important to invest in regular maintenance and updates. Potential tenants look for clean units with modern appliances and fixtures. If you want your properties to stand out from the crowd, offer unique apartment services and amenities tenants won’t find anywhere else.
Adding one or more of these unique features could add value to your property, attract new tenants and keep current residents satisfied and more likely to renew their leases. Read on to explore upcoming commercial real estate trends, along with some of the best apartment amenities to offer when you’re looking to boost interest in your property.
One 2019 housing survey found 80% of respondents reporting that renting was a better fit for their current lifestyle when compared to buying a home. As more and more individuals choose to continue renting, renter demographics are also shifting. In fact, recent renter growth is largely in the high-income category.
In order to meet the evolving needs of renters, commercial property and apartment owners should consider optimizing their services and amenities to cater to a specific type of renter. Read on to discover our tips for how to pick a niche in the commercial real estate industry.
Steady and resilient. Those are the words that panelists used during the second annual Des Moines State of the Market summit held Aug. 25 by Midwest Real Estate News and REjournals.
Just think of how participants would have described this key Iowa market if it, like all major cities across the country, wasn’t fighting through an economic slowdown caused by the COVID-19 pandemic.
As 2020 started, the commercial real estate market in Des Moines was strong, with deal velocity rising, vacancies falling and rents soaring. Then the pandemic hit, and that all came to a halt.
Investing in multifamily real estate is exciting, and multifamily rentals have the potential to deliver huge returns. However, if you’re new to commercial real estate investments, you may benefit from some assistance during the purchasing and due diligence process — especially during property assessments.
Listing Agent Questionnaire:
1. Who are you?:
2. What company do you work for?
3. Is your company:
o Franchise:
o Corporate:
o Boutique:
Last week I add the fortune of speaking for RE Journal’s about the impact of COVID-19 on our marketplace. To review the webinar please click the link below!
RE journals webinar series: More questions than answers for Des Moines CRE pros
There’s been a lot of unknowns in the news lately, but one thing we’re sure is coming is a financial slow down. The coronavirus pandemic has caused hardships for not only local business owners, but many individuals who are currently out of a job. This lack of spending will have ripple effects in many industries, including the real estate market in Des Moines.
Many local investors in the multifamily housing market are nervous about whether or not tenants will be able to make rent payments during the upcoming economic downturn. Our market research team surveyed many local property owners to assess the current climate and project the commercial real estate trends we expect to see in the coming months. See how the commercial real estate market in Des Moines stacks up compared to national averages.