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Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. As a result, today’s consumers now expect the same seamless digital experiences in all areas of their lives, including rental management.
Thorough due diligence, including property inspections and assessments, and adequate cash reserves are crucial to identify and address potential concerns. Particularly having fixed-rate debt, with plenty of time before maturity and adequate reserves to manage the inevitable surprises.
Industrial real estate investors and developers can’t add new properties to the market fast enough. Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. Renters are outpacing the construction of industrial units and warehouses.
An assessor may contract with an independent fee appraiser to help identify property characteristics, measure properties, confirm the building’s condition and quality of construction, or review assessment disputes from taxpayers.
Location risk comes from the external environment and the contribution that the neighborhood makes to a property’s value. Changes in city growth or transportation patterns or reductions in public goods and services can all negatively impact the desirability and value of a particular property. Construction Risk.
So, consider these tips when evaluating your industrial property or commercial real estate for lease. Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease. new construction pipeline of nearby buildings. average office rental rate.
Construction approval is reportedly expected in early 2026. The addition of a major transportation system, with service across three counties, will include more density in a quarter-mile band closest to station stops. A couple of blocks east is the site of John L. and 106 th Ave.
But proximity to a new Intel Corporation fabrication plant whose construction might one day ease future global chip shortages might be another reason to love our region. It’s predicted to generate 3,000 jobs with high-wage salaries, 7,000 construction jobs, and more than 10,000 indirect jobs. Intel’s Columbus, Ohio Multiplier Effect.
Department of Housing and Urban Development (HUD) announced that it has given $97 million in grants to nonprofit groups to fund the construction or renovation of affordable multifamily housing and senior rental assistance. Today, the Office of Multifamily Housing Programs of the U.S.
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