3 Tips for Retail Space Owners Looking to Attract New Tenants

3 Tips for Retail Space Owners Looking to Attract New Tenants

According to ICSC, 64 percent of retailers will open new stores in 2019. But it’s the downfall of mediocre retail. Tenants need to see the data, customers need to feel a sense of shared values and community before making purchasing decisions.

But how can average shopping centers step above mediocrity and attract the tenants they need to thrive?

Try these tips for attracting new retail tenants:

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HSP Real Estate Group and NAI Global Market 91.4KSF Queens Retail Portfolio

HSP Real Estate Group and NAI Global Market 91.4KSF Queens Retail Portfolio

HSP Real Estate Group and NAI Global have launched the sale of 91,398-square-feet of retail space at Queens Blvd and 63rd Drive in Rego Park. The 100 percent leased, two-acre portfolio consists of four distinct noncontiguous sites with one- and two-story buildings and includes such nationally recognized tenants as Starbucks, Rite Aid, Duane Reade, HSBC Bank and JP Morgan Chase Bank …

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Is the Commercial Real Estate the Right Field For You?

Is the Commercial Real Estate the Right Field For You?

We’ve all heard it, a CRE profession has got it all - success, money, and freedom. From an outside perspective, commercial real estate may seem like the perfect job. However, there are aspects of the industry that aren’t as glamorous, and as a result, are less talked about. CRE is a highly competitive industry that requires time, effort, and an endless drive towards success. 

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Is Co-Working Popular Outside of the US?

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By now, we all know about co-working. This new business module totally disrupted CRE’s office sector by reimagining the workspace. Co-working has ushered in a new era of professionalism, and it quickly expanded to become the country’s most popular office design scheme. 

When it first took roots in San Francisco during 2005, less than ten places adopted this setup. But as word spread, the number of co-working spaces around the country took a quantum leap - and the concept spread like wildfire. 

Today, it’s 2019 and there are over 5,000 coworking offices within the US. The number is expected to increase to upwards of 6,000 by 2022, demonstrating that this trend is truly dominating the American business realm. 

But, this is only in the US. Many reports are centered around this country alone, which leaves one to wonder - what about the rest of the world? What does coworking look like outside of the United States? Where else is it very popular, and where has it not yet caught on? 

Our expert team at NAI Global evaluated the latest stats to come up with this comprehensive report looking at co-working on a global platform. Here’s all that you need to know. 

U.S Companies Go Abroad

First things first, there is a large concentration of U.S-based companies who bring their coworking spaces to the international frontier. These companies take a step beyond the perks of domestic coworking spaces, in that they offer team members the opportunity to travel abroad. This further accentuates coworking’s beloved aspects of freedom, flexibility, and excitement. 

At the same time, it also stands to bring a physical example of this American-born trend to other parts of the world. Coworking abroad sets an example for other interested companies to follow, and that all comes from exposure. Companies like this are some of the key players that will help to attain the expected 5.1 million worldwide coworking members by 2022, as reported at the Global Coworking Unconference Conference.

Co-Working Providers Specialize in Spreading the Movement 

Coworking is a hot market right now, and there are many ways to benefit from this movement. Many companies have found immense success by providing coworking spaces to interested tenants. Take a look at IWG, the International Workspace Group, who has more than 3,000 active spaces around the world. Another major player is WeWork, with 10,000,000+ s.f. in over 27 countries. This shows how active coworking companies are helping to bring this trend all over the world.

Top Co-Working Locations 

The coworking phenomenon is steadily gaining worldwide precedence, according to a survey conducted by DeskWanted.com. According to this study, the continent of Europe holds the highest concentration of co-working spaces in the world - even topping North America. Coming in third is Asia. 

When looking at countries with coworking offices, the study shows that the United States stands as first. Following up is Germany, Spain, UK, Japan, France, and Brazil.  

As we can see, coworking is primarily a Western trend. However, it’s expected to gain momentum around the world. What do you expect out of coworking for 2019 and beyond? To learn more about CRE and it’s sectors, explore our blog

Getting Data from Buildings: 4 Ways Tech Changes the Game

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Implementing tech into CRE’s multifamily sector has stood as a major transformation point for the industry. Although this facet of commercial reality has been one of the slowest to adopt new technologies, it has finally begun to engage in the perks of today’s digital tools - and the benefits are astounding. 

Tech is helping improve multifamily assets in every dimension, from management to maintenance. Big data, IoT, and other contemporary technologies are quickly revolutionizing CRE’s multifamily sector; helping building managers and investors to better care for these large properties. 

Here are 4 ways that today’s hottest technologies are changing the game for the multifamily industry. 


Insight into Maintenance

Data is everywhere. In the case of multifamily buildings, this data acts as the key to improvements in the future. With the use of IoT smart sensors, this information can be collected and evaluated to reference later on down the line. 

When an IoT smart sensor is connected to a building, anything wrong will be detected almost instantly. Most big problems start small, and finding out about it early is the best way to save time, stress, and money. Tech sensors allow the problem to be caught before it escalates. This intuitive system also hones in on the specific area, meaning less time wasted looking for the source.  

The Power of Intuitive Repairs 

In multifamily buildings, frequent repairs are necessary in order to keep everything running smoothly. Since commercial assets regularly hold large numbers of tenants, occupancy is an important factor to monitor. 

However, it’s something that is difficult to track without technology. With the help of IoT sensors, foot traffic within a specific area can be monitored. This helps building managers learn the places that are most popular with residents so that upgrades and renovations can be made in the most valuable locations. 

Access to Temporary E-Keys 

When working in a large building, walking around can quickly become a huge waste of time. A common pain point felt by nearly all building employees is the time spent going from office to unit in order to retrieve the keys. This makes accessing a unit for repairs or inspections very time consuming, which strongly reduces productivity rates. 

As always, tech has the answer. Smart locks have the power to automatically generate an electronic key that only provides access for a set amount of time. This way, team members can quickly and effortlessly enter units, do the required work, and have the e-key expire - offering tenants more security.

Automated Security Systems 

Safety is the number one motivator to implement smart technologies into living spaces. Today’s automated security systems are more effective than ever before, and also easier to use. IoT-powered smart systems are cloud-based, so there is no need for a complex and costly setup. These systems monitor the premises full time, so there is no need to worry about anything going undetected. When it comes to safety, smart systems reign supreme. 

How has technology improved your multifamily experience? To explore more ways that tech and big data are revolutionizing CRE, check out our blog

NAI Global Welcomes NAI Madison in South-Central Wisconsin

NAI Global Welcomes NAI Madison in South-Central Wisconsin

NAI Business Director Daniel T. Holvick announced today that NAI Madison is a newly formed brokerage entity affiliated with NAI Global and will provide comprehensive commercial real estate services to businesses in the state capital of Madison and all of Dane County from its office in Middleton. Dane County is the second-largest county in Wisconsin and is the third-highest-income location in Wisconsin by capital income, as well as home to the University of Wisconsin, Madison. 

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SIOR DC Recap: Spring 2019 World Conference in the Nation’s Capital

SIOR DC Recap: Spring 2019 World Conference in the Nation’s Capital

Arlington House, which sits on a hill overlooking Arlington National Cemetery, offers views of the cemetery, the Washington Monument, Lincoln Memorial, the Potomac River and White House. A tour before the SIOR Spring World Conference is a humbling and inspiring way to kick off any conference in the Nation’s Capital.

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NAI Global Announces New Middle East Presence with Offices in Jeddah, Riyadh (Kingdom of Saudi Arabia) and Dubai (UAE)

NAI Global Announces New Middle East Presence with Offices in Jeddah, Riyadh (Kingdom of Saudi Arabia) and Dubai (UAE)

FRICS, SIOR, and President & CEO of NAI Global, a leading global commercial real estate brokerage firm, today announced the opening of operations in the Middle East. NAI Saudi Arabia and NAI UAE provide strategic advisory and property-related consulting services to private and institutional investors, developers, financiers, owners and occupiers throughout the Middle East from its offices in the United Arab Emirates (Dubai) and the Kingdom of Saudi Arabia (Jeddah and Riyadh).

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