Building Engines releases benchmark report on “Technology Adoption in Commercial Real Estate.” Boston based Building Engines, a web-based commercial real estate technology company, released a report about technology adoption within commercial real estate. The report notes a “dramatic up-tick in technology use amongst property management professionals”. The survey shows that 54% of CRE professionals say modifying technology processes is a top priority for 2014. Download the report here.
Does sustainability influence investment decisions? Cushman & Wakefield says yes. Sustainability has a positive correlation to value according to a Cushman & Wakefield survey published by C&W’s, Rick Cleveland and Eric Duchon on November 18th. The survey provides a glimpse into how pinnacle real estate developers - such as BlackRock, LaSalle Investment Management and Tishman Speyer - are adjusting their business practices in today’s sustainable conscious culture. Results show the top drivers for sustainability include:
- Sound business management - 27%
- Global real estate sustainability benchmarks - 20%
- Media influence - 18%
Find C&W’s survey here.
Colliers International reports an increase in global interest within the US market. Colliers published their 2014 Global Investor Report which provides a global overview of investor trends and expectations by region. DMGI’s Real Capital Analytics data reports commercial property sales totalled $196.5 billion through August 2013. This marks an 18.7% increase compared with the first eight months of 2012. Additionally, 92% of the US survey respondents forecast an expansion in US investments for 2014. View the report here.
MRI officially supports integration with Yardi Voyager for better multi-housing marketing and reservations. MRI software announced that it now officially supports integration between MRI’s VaultWare and Yardi Voyager. The newly enhanced integration allows clients to automatically transmit guest card information to Yardi, eliminating manual data entry. Learn more here.
- Stabilization of rents along retail corridors.
- Industrial national availability decreased by 30 basis points for the 12th straight quarter.
- 20.3 million square feet of new industrial space came online.
- The average national net rate per square foot of industrial edged up to $5.73.
- Through Q3, YTD industrial sales volume rose to $31.9 billion.
Download the full report here.
And in conclusion:
McKinsey & Company numbers mean “Never let a good crisis go to waste.” McKinsey published a report about the benefits of using a crisis to reallocate resources for better totals. McKinsey concludes that resource allocation is “a muscle that requires exercising in good times and even more in bad times.” McKinsey surveyed 1,500 companies from 1990 to 2010 and found that companies willing to shake things up tend to experience higher returns. Find the full report here.
See you next week.