Artificial Intelligence has found its use in almost every area of professional life. Commercial real estate is historically known to be slow to bring in new technologies to help with transactions. In recent years developers and commercial real estate businesses have been using AI for a variety of tasks.
The commercial real estate (CRE) market has always been the sole purview of a relatively narrow set of lenders and investors. The sheer dollar amount involved chases away the majority, while the numerous complications involved and the higher degree of risk narrows the field even further.
Commercial real estate has long been an investment opportunity available to a rare few and also only attractive to a relatively narrow investment pool. New types of financing, however, are putting commercial investment not only within reach of a broader pool of investors but also making them more attractive to a wider range of investors
In an age where virtually anything a consumer wants can be purchased online in the comfort of their own home, malls seem to be taking the hardest hit. While retail stores used to be the only way to satisfy the instant gratification that shoppers desire, most online...
If you own a business, there comes a time where you have to make a crucial decision for the growth of your endeavor, and that is choosing an office space. Finding the ideal space can be one of the most important decisions for your business early on, and this can...
The real estate industry is a people business. No matter what anyone tells you otherwise, buyers are working with agents, lawyers, contractors, property managers, renters, and a multitude of other real estate stakeholders.
Rent is the biggest expense in most household budgets, and when it goes up unexpectedly, it can break the bank. Rate hikes aren’t usually illegal, and for landlords to keep pace with ever-increasing expenses, they’re even necessary, but what should renters do when they can no longer afford their current space?
Minimalism is taking the world by storm. While this concept isn’t a new one, minimalism is certainly quite popular among millennials. Compared to the baby boomers, millennials have to constantly do more with less.
If you were to ask a real estate agent about the best time to buy a home, they would probably tell you “right now.” After all, prices are about to go up, so you should act while homes are still relatively affordable. A good salesperson might be able to make that sound convincing, but the truth is that prices are always “about to go up,” so you cannot always trust that notion.
Getting a real estate license isn’t that difficult, but the majority of agents don’t make it past the five-year mark. One factor that can influence the outcome is the decision whether to work with a real estate team. Saying yes or no doesn’t guarantee success, but making the right decision based on what you want can influence the success rate in a positive way. Here is what you need to know before joining a real estate team.