As we start a new year after another challenging one, the big question for many in the commercial real estate (CRE) industry is: What can we expect from 2024? According to the latest Urban Land Institute (ULI)/PwC “Emerging Trends in Real Estate” report (released in October 2023), the answer is that we should be getting ready for a “Great Reset.” More specifically, ULI notes that the industry must “form new ‘norms’” and adds that real estate markets can no longer rely on past benchmarks to determine future market performance. From uncertainty to a “new era” “Emerging Trends” consolidates data ..read more

Back in 2022 when ChatGPT first made its appearance, artificial intelligence (AI) was still considered a novelty in many industries. Since then, we’ve seen a surge in the popularity of AI assistants and, more broadly, in other generative AI (GenAI) tools that can be used across a wide range of applications and business contexts. With these new technologies starting to settle into general use, the questions that are top of mind for many in the commercial real estate (CRE) industry are: What value can these kinds of tools add to dealmaking? And how is GenAI adoption shaping up in the real ..read more

Below are the current market reports & numbers for the Office, Industrial, & Retail Markets in Columbus, GA                                                         Columbus Industrial Overview                                               View The Report Columbus Retail Overview View The Report Columbus Office Overview View The Rep ..read more

In the wake of the ongoing crisis in the office sector, a term that commercial real estate (CRE) professionals have become deeply familiar with is “adaptive reuse.” Office conversions – into retail, multifamily or other asset classes – are slated as a solution to the faltering return to work. By being adapted, buildings that have stood vacant for months, or even years, suddenly take on a new life, supporting job creation and even anchoring further developments. It’s a strategy with the potential to revitalize building stock and add incredible value to previously underperforming assets. The qu ..read more

For this edition of our ongoing commercial real estate (CRE) terms series, we’re looking into the lingo surrounding commercial land. As with any other CRE sector, there’s a lot of jargon you may come across as a broker in this space. Here’s a refresher on some common terms to have on the tip of your tongue. Back to Basics A completely undeveloped piece of land, without any improvements, utilities or structures is often referred to as Raw or Unimproved Land. You may also hear this called undeveloped or open land, and a single piece is generally referred to as a parcel. A parcel ..read more

For many working in the commercial real estate (CRE) and investment space, 2023 has already been a challenging year. Since the middle of last year, interest rates have risen at an alarming pace, with no asset class immune to the impact, though some have certainly been hit harder than others. The narrative we’ve seen from news outlets and analysts alike has focused on the potential for a wave of loan defaults, along with the potential for a financial crash as office and other CRE loans come up for refinancing under tighter conditions. A scenario Morgan Stanley has referred to as a “refinancing ..read more

According to a recent news release from the Council of Insurance Agents and Brokers, CRE premiums increased, on average, 20.4% in Q1 2023.  The organization notes that this is the first time since 2001 that we’ve seen an increase of this magnitude for the sector. And while inflation was pointed to as a primary driving factor in the hikes, natural disasters and climate risk are adding to the surge in premiums. Rising climate costs The Council of Insurance Agents and Brokers report notes that losses from natural catastrophes and “weather-related events” are higher than ..read more

If there’s one way to summarize the start of 2023 it’s: “Market uncertainty.” There’s been an ongoing push and pull in the commercial real estate (CRE) narrative, with some sources saying we should brace for a crash, and others insisting things are much better than they seem. One of the factors pointed to as a life preserver for CRE in these rough waters is performance in the industrial sector. Unlike the woes we’ve seen in office, industrial has been on a more-or-less unstoppable red-hot streak since 2020. But as the whole market starts to cool down, can this sizzling sector keep its mo ..read more

If there’s one thing the past few years have taught us, it’s the importance of adaptability. Commercial real estate (CRE) markets across the globe have undergone sweeping changes, altering both the investment landscape and the very fundamentals of how we do business. We’ve also seen a slew of new trends rising to prominence, including hybrid workplaces and the growing demand for specialized properties to service sectors like the life sciences. In the midst of this, figuring out which changes are here to stay isn’t an easy business. What seems true across the board, however, is that ..read more

One of the biggest shakeups to come out of the last few years has been the continued evolution of the retail sector. Retailers, both online and in-person, have had to adapt to shifting customer demands, new timelines, and new ideas about what adds value to the shopping experience. For us in commercial real estate (CRE), the challenge has been equally daunting. We’ve had to work with clients to meet their own changing needs, reimagining how space is used, especially as logistics and ‘brick and mortar’ demand responded to changing restrictions on physical spaces. A big part of the narrative thr ..read more