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Who Is Modern Real Estate Development Software For?
The future of the development industry will be driven by technology, with automation, data analytics, and artificial intelligence boosting efficiency and streamlining processes. AI adoption alone is expected to see an annual growth rate of 37.3% from 2023 to 2030 across industries, and real estate will be no exception. Big data and analytics have also…
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Enhancing Team Dynamics With Cloud Based Project Management Tools
The successful completion of a development project requires collaboration between many stakeholders, from developers and project managers to accounting and finance teams. Project collaboration is essential to ensure your team works well together throughout the process, staying aware of other team members’ perspectives, needs, and timelines. Many traditional development workflows, such as outdated and error-prone…
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Northspyre Helps CRE Developers Navigate the Margin Crisis at Blueprint 2024
Northspyre recently had the chance to attend the 2024 Blueprint Conference in Las Vegas, Nevada, alongside real estate investors, innovators, and industry leaders. In addition to offering insights for CRE professionals into how the Northspyre platform can lower costs and boost returns, we also hosted a panel to provide attendants with high-level insights on navigating…
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Green Building Requirements Are Expanding: Everything You Need to Know
In the aftermath of the pandemic, commercial real estate owners, occupiers, and developers adopted aggressive environmental targets to combat climate change and reduce the carbon footprint of the built world, which accounts for 40% of global carbon emissions. In the years following, sustainability efforts have lost momentum. Although some companies have held onto their environmental…
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Midyear Check-In: Commercial Real Estate Market Gains Momentum
The year began with unbridled optimism. After a challenging 2023, commercial real estate stakeholders welcomed the start of a new year with high hopes for a swift change. Market experts expected lower interest rates and more capital availability; increased investor appetite with stabilized pricing; and healthy occupier demand. Many of those anticipated changes, unfortunately, didn’t…
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Adapting to Weather Changes With Climate Resilient Infrastructure
Extreme weather is increasing in frequency and severity as the impact of climate change becomes more apparent. Natural disasters and severe weather events will have an economic impact across industries, and commercial real estate development is no exception. Looking toward the future, your firm should prioritize climate resiliency, whether that means disaster-proofing existing properties or…
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Benefits of Enterprise Zones and Opportunity Zones for Real Estate Development
Enterprise zones and opportunity zones are essential concepts for your development team to understand as you look for up-and-coming markets to break ground in. Federal and local governments designate geographic regions, often impacted by economic distress or blight, and offer businesses, developers, and investors tax breaks, regulatory exemptions, and other financial incentives to build there.…
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Drive Predictability in Today’s CRE Landscape With New Solutions From Northspyre
In today’s high-stakes commercial real estate environment, it’s more important than ever for developers to have consistency and predictability in their operations. While some may say being predictable is boring, we disagree. With so many moving parts and millions of dollars at stake, the smallest oversight can be catastrophic to your bottom line. But, by…