Real Estate Giant Affirms Suburban Office Parks Are Obsolete

In a new report from one of the largest commercial real estate firms in the world, Newmark, Grubb, Knight and Frank, the old model of the isolate suburban office park is already obsolete. Their report revealed that office building tenants now have already different preferences.

According to NGKF, the office park model does "not offer the experience most of today's tenants are seeking." As a result, the suburban office market is faced with "obsolescence" on a "massive scale." More than 1,150 US office properties with over 95 million square feet are confronting this problem. Fortunately, a number of these old school office properties can still be salvaged with renovation.

The report stated, "Walkability and activated environments are at the top of many tenants' list of must-haves." To remain competitive, office parks in isolated pockets without a mix of uses around them must have "in-building amenities" such as a conference center, a fitness gym and food service.

"If tenants are not going to be able to walk to nearby retail or a nearby office property to get lunch, they had better be able to get it at their own building," the NGKF report emphasized.

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What makes real estate experts happy (or worried) about 2016

Millennial consumers and their choices increasingly drive the real estate market, several experts said this week at CBRE’s Sacramento 2016 forecast event.

For example: One factor holding back home construction is a delay among young consumers in forming households, said CBRE associate Brian Parker in a presentation to the gathering on Tuesday. And when they do buy, they are more interested in infill than greenfield subdivisions.

The Sacramento region needs more industrial space, said CBRE broker Ryan DeAngelis at an event this week.

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The Sacramento region needs more industrial space, said CBRE broker Ryan DeAngelis at an… more

Millennial consumer patterns are also affecting retail, said associate John Brecher of CBRE Sacramento. Millennials like to be close to where they work and shop, and they're also big users of e-commerce, he said. That means local stores will need to find ways to get their wares into consumer hands quickly, Brecher said. He said Walmart in particular might ramp up such services in the Sacramento region.

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Japan plans to set up 11 industrial townships in India

Japan plans to set up 11 industrial townships in India as part of plans to double its investments in the country and improve economic ties. As Japanese PM Shinzo Abe visits India, a 12th township may be in the offing. Dipanjan Roy Chaudhury finds out how Japanese expatriates working at a township near Delhi are adjusting to life in India

Along the Delhi-Jaipur highway, a short drive from the town of Neemrana that's famous for its picturesque, 15th century hill fort, lies the Japanese Industrial Zone. It's a bit of an oddity in the desert-state that's known for its palaces, forts and havelis.

There are more than 30 Japanese enterprises in this zone, which has been developed by the Rajasthan State Industrial Development and Investment Corporation. The Neemrana model could be replicated in the at least 11 industrial townships that Tokyo plans to build in the country to widen its economic footprint in India, a key strategic partner.

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Premier agent spotlight: Bill Baldwin believes in strength of city, real estate market

Bill Baldwin is a firm believer in the strength of Houston both economically and as a viable place to live.

As the local real estate market is realigning from the soaring prices in 2013-2014, there is uncertainty in the minds of buyers and sellers.

"Houston is not just an oil town. The city has become economically diverse with medical research, information technology, aerospace and manufacturing, all of which are producing a number of jobs and stabilizing our economy," Baldwin said.

The market has been headed toward stabilization since the end of last year.

Baldwin is not worried about the market in the long term.

He has been in real estate long enough to know that the market will have its ups and downs.

"Newer real estate agents have only known the great market of the past couple years. Yet, a changing market is part of real estate. The stabilization we are seeing now was bound to happen. Knowing how to advise our clients and navigate through is part of the real value of a Realtor," Baldwin said.

Baldwin is confident in what Houston has to offer. He sees a city full of great neighborhoods, a strong sense of community with a broad and diverse range of attractions.

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As Commercial Real-Estate Prices Soar, Fed Weighs Consequences

Federal Reserve officials participating in a “war game” exercise this year came to a disturbing conclusion: Six years after the financial crisis ended, the central bank remained ill-equipped to quell the kind of dangerous asset bubbles that destabilized the savings-and-loan industry during the late 1980s, tech stocks in the 1990s and housing in the mid-2000s.

The five officials—gathered at a conference table in Charlotte, N. C.—had to determine if hypothetical booms in commercial real estate and corporate borrowing risked collapse and damaging fallout for the broader economy.

The group was asked what to do about it. Fed officials said afterward they saw they lacked clear-cut tools or a proper road map of regulatory measures to help stem the simulated booms. They also disagreed on whether to use higher interest rates to stop bubbles, a blunt instrument affecting the entire economy.

“I walked away more sure about the discomfort I originally had,” said Esther George, president of the Federal Reserve Bank of Kansas City and a participant in the June exercise. She and others believe the Fed’s low-rate policies might have played a role in booming asset prices.

The worry has turned more concrete. Commercial real-estate prices are soaring and Fed officials face the conundrum of what, if anything, to do.

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“Signs of valuation pressures are emerging in commercial real-estate markets, where prices have been rising at a solid clip and lending standards have deteriorated, although debt growth has not yet accelerated notably,” Stanley Fischer, vice chairman of the Fed, said in a speech Thursday.

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Average house price fell in Regina, Saskatoon: real estate firm says

A report by the real estate company Re/Max says house prices in Regina and Saskatoon have dipped, compared to a year ago, because there are more homes for sale on the market.

The report, which the company called a housing market outlook, examined sales figures in both cities.

In Saskatoon a recent flurry of construction activity "has created market conditions modestly favouring the buyer," the report said. "Currently, there are four months of inventory on the market and inventory is expected to increase as more of these new builds come to market next year."

Average price dips

The outlook noted that the average sale price for a home in Saskatoon was $361,000 last year. It is now at $354,000 — a two per cent drop.

The company also provided a profile of what buyers are seeking in Saskatoon.

"Single-family homes priced between $350,000 and $425,000 were in highest demand," the report said. That demand was coming from first-time buyers and people looking to move out of a condo and into a detached home. Young people, with two incomes, were especially interested in two-bedroom homes in an older neighbourhood.

Saskatoon also saw many new condos being built, the report said, noting that inventory "is higher for condos than single-family homes", adding that most buyers preferred new builds.

Regina market

The report found similar market conditions in Regina, where there has also been a lot of new construction taking place.

"High inventory kept Regina in a buyer's market throughout 2015," the report said. "However, as construction slows and inventory is absorbed a more balanced market is anticipated [for 2016].

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Is this climate change real estate agent for real?

Climate change threatens the lives of millions as it causes the seas to boil and the skies to burn, but hey, everything's a business opportunity if you look hard enough. Higher Tides Realty is a dedicated climate change real estate agency that helps buyers ensure that their new homes won't be underwater in the future. By analyzing the terrain of areas behind coasts, it's possible to work out where the "new" coastline will emerge once the seas stop rising. Before you ask hey, wasn't that Lex Luthor's plan in Superman: The Movie? The answer is yes, yes it was. Despite this, when we asked Higher Tides' Jake Collins if this was a joke, he insisted that it wasn't.

Rather than attempt to save the planet (and its population) as it stands, some cynical minds are already planning for their post-apocalyptic lives. In 2013, the late futurist James Martin spoke about how climate change cities will become the most desirable places to buy homes just before the world ends. For example, a Canadian city high above sea level will become as sought-after as New York when everything else is under the sea. In Martin's apocalyptic view, these locations will have to be heavily fortified to prevent displaced people from lower-lying regions getting in. And yet, despite how horrific that sounds, Jake Collins still insists that his venture isn't a joke.

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CREDAI Nashik holds B2B with estate brokers to boost real estate sector

NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI) Nashik recently held a business to business (B2B) meeting with the local real estate brokers in a bid to boost the real estate sector in Nashik. 

Around 100 residential projects by around 30 city builders were showcased during a meeting held in Hotel Gateway in Nashik, which had been attended by around 200 brokers. 

The real estate sector is already passing through a phase of recession for the past three-four years and Nashik's real estate sector is also not exception to this. Around 4,000 ready flats are lying unsold due to recession. Hence, the CREDAI has taken initiative to connect brokers to boost sale of real estate properties in the city. 

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Accelerating Demand of Residential Property in Varanasi

Varanasi is the city, which is known for its religious and traditional values. Here, one can find peace not only at mind but also at soul as every day starts and ends with spiritual hymns that can make you feel heavenly. Living at Varanasi is an awesome feeling for anyone as the place is blessed by god for comfortable living. Therefore, people who want to live a good life with their beloved ones always wish to buy residential property in Varanasi. At present the city has become one of most favored center for higher education, trade, and commerce of northern India. Therefore, many people from rural and semi-urban area are approaching towards the city to get better career opportunities. Looking at increasing population one can witness a swift growth in residential projects in Varanasi. These residential projects are undertaken by reputed real estate developers of India who have delivery several successful residential project at different corners of India.

Residential projects in Varanasi

Role of real estate agents in Varanasi 

Before purchasing any residential property in Varanasi is much essential for any individual to consult reputed real estate agents. These people have sufficient information about various properties at the different corners of Varanasi. Further, the real estate agents also help in getting different residential properties at most competitive prices in the market. As we all know acquisition or possession delivery is the most crucial part of property dealing. The real estate agents facilitate in making sure land deals and ensure timely possession deliver to their clients. In addition, the real estate agents offer you several choices of residential property for salein Varanasi at different location for varied budgets. 

Best source for finding real estate agents 

In order to find reliable real estate agent the source that most of the experts recommend is internet. At online search you can find several reputed real estate companies as well as agents. Further, it is much easier for an individual to view about different residential projects offered by varied real estate developers at different location of Varanasi. At the websites of real estate agents you can view the details of different residential apartment in Varanasi before making any kind of decisions. Further, it will be easier for you to compare the rate of numerous residential properties and the commissions charged by the brokers. In addition, for your personal satisfaction you can go through the client testimonials of different real estate agents. Thus, online at your comfort you can reach to best real estate agents get affordable property rates in Varanasi.

Is residential projects at Varanasi are best investment opportunity 

Varanasi residential projects are serving as unparallel investment opportunity to investors look for high returns of their investments. As discussed earlier the city has transformed into commercial hub; thus, may people are ready to pay high rents, which brings huge returns without losing any property. Further, in few years you can cover the cost purchase via rent and the whole the rate of whole property will be profit for you. It can be seen due to this many real estate agents in Delhi NCR are also trying their hands in residential property of Varanasi.

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Tips before buying Residential Property in Varanasi

Real Estate Agents in Varanasi

Varanasi also called Banaras is holy (Lord’s Shiva City) city of India. The residential projects in Varanasi is booming due to smart city and IT Park. When central pass smart city and IT Park the demands of both commercial as well as Residential property in Varanasi is on boom.  

Usually the real estate property returns 10-20% return of your investment but the real estate Varanasi residential project returning 40-50% of your investment per year. Due to huge retail potential, commercial property demand is soaring height. Varanasi is biggest manufacturer of silk and carpet in India. Purvanchal Special economic zone is proposed for development of Varanasi. It is being proposed for inviting mass foreign real estate investor, broker and company in industries of real estate and other carpet and silk manufacturing units.  That’s why; investment in property of Varanasi is taking as a good decision for investment purpose for all residential, commercial and corporate properties.

www.irealestates.in India’s largest marketplace for all residential, commercial and corporate property provide property updates as well as help to deal in property at 0% commission/brokerage. So, if you are searching for residential, commercial and corporate property in Varanasi, we will help to find property at prime locations of Varanasi.

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