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How to Improve Your Real Estate Development Process in 2024
The real estate market will have a mixed outlook in 2024, and while economists are hopeful the U.S. will avoid a recession and achieve a soft landing, economic growth remains slow and downside risks will stay high. As a result, investment activity and capital deployment are expected to remain stalled through the first half
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How Shifting Parking Minimums Impact CRE Development
Parking minimums, which mandate a fixed number of off-street parking spots owners must provide for every residential, commercial, or office building, have been a part of state and local policy in the United States since the post-war era. Zoning codes started to include parking requirements to address concerns around congestion, ensure businesses could succeed, and
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Make Commercial Real Estate Project Management Easier With Northspyre
Real estate project managers take on many responsibilities throughout a complex development project. From managing capital deployment and budgeting to meeting timelines and ensuring zoning or building code compliance, a project’s success is often in the project manager’s hands. Luckily, development software is making commercial real estate project management easier, allowing you to guarantee more
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How to Use Real Estate Project Management Tools to Reduce Admin Tasks and Cut Costs
Project managers are responsible for overseeing many components of a complex real estate development project, ensuring capital is strategically deployed, creating and executing timelines, and navigating the regulatory and zoning process. As a result, project managers are often overburdened with administrative tasks, from managing documentation such as permits, contracts, change orders, or zoning requirements, to
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Everything You Need to Know About Adaptable Design For Offices
The ongoing popularity of hybrid and remote work in the post-pandemic era continues to impact office buildings across the United States. Since the majority of Class B and Class C office space remains vacant, owners are looking for creative solutions, such as shorter lease terms for customers, tenant improvement allowances, or undergoing a dramatic conversion
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Why Sunbelt Markets Will Continue to Boom in 2024
Over the last decade, the Sunbelt emerged as a major site of growth in the commercial real estate market. Due to robust population growth, CRE industry experts are expecting the region, which stretches across eighteen states in the southeast and west including Florida, Texas, Arizona, and George, to continue to boom in 2024 and beyond.
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Will the “Envy Office” Help Revive the Office Building Market?
Since the COVID-19 pandemic ushered in the era of remote work, companies and businesses have been looking for unique ways to draw workers back to the office. The “envy office” – or office buildings with aesthetically pleasing and Instagrammable lobbies, conference rooms, or shared spaces – are the latest attempt to get remote workers returning
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CRE Developers’ Guide to Transit-Oriented Community Incentives
Efforts to boost housing production and encourage sustainable communities often include transit-oriented development initiatives and incentives. Transit-oriented development (TOD) is a trend toward integrated urban spaces that allow for people, buildings, and public space to coexist, with easy cycling or walking access and transit service to job-rich city areas. In order to spur housing production
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Top 10 Predictions for Commercial Real Estate in 2024
The past couple of years have brought about unprecedented conditions in commercial real estate, and it may feel difficult to predict what’s coming next in the market. Economic conditions may be less certain than ever before, but tracking trends and opportunities is still a valuable practice for your firm moving into 2024 and beyond. As