Bryce Custer, SIOR, CCIM, MRICS and Managing Director of NAI Ohio River Corridor announced the establishment of a new commercial real estate services firm focused on serving the site selection and commercial real estate requirements associated with the emerging petrochemical and energy services industries in West Virginia, Southwestern Pennsylvania and Eastern Ohio.Read More
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The high cost of developing commercial real estate has started to impact the amount of parking developed with new office buildings, thanks to the popularity of rideshare services Uber, Lyft and others. Employers have begun to offer incentives to keep their employees from driving to work, such as discount cards, passes and other financial incentives. And, apartment communities are offering a rental discount to renters that use the ride sharing services, opposed to parking a personal car on the site.Read More
According to data from Pew Research, this year for the first time, there will be more Millennials than Baby Boomers in the U.S. The Census Bureau predicts that they’ll outnumber the Boomers by almost half a million, and the difference will only grow as the years go on. Millennials make up the generation born roughly between 1980 and 2000, and their lifestyle preferences are having a big impact on commercial real estate.Read More