Commercial real estate goes mobile and lenders open their wallets again
Feb 26, 2013
Commercial real estate is going high tech by incorporating mobile marketing, and banks are welcoming borrowers back with open arms as the economy recovers. Here’s the news you may have missed this week:
The Journal Record: “Commercial real estate goes mobile”
According to a report by Real Estate Marketing Insider, mobile marketing is gaining traction in commercial real estate. From 2011 to 2012, commercial real estate professionals increased their mobile use by more than 60%, and commercial real estate websites now see almost a tenth of their traffic originating from mobile devices. Read more about why the commercial real estate industry should welcome this trend at the Journal Record.
Wall Street Journal: “Self Storage Gains Cachet as Values Rise”
Self-storage properties could be the hottest properties in demand right now. Falling cap rates in the market, increased sales, rising rents, and a limited existing supply have all fueled this demand. Uncover more pros and cons about the self-storage market at the Wall Street Journal.
Colorado Springs Gazette: “City seeing boom in building of assisted-living centers”
An aging baby boomer population, occupancy rates surpassing 90%, and waiting lists are driving demand in Colorado Springs, Colo., for six new assisted living facilities. According to Millennium Venture Group, the population of adults 75 years and older in El Paso County is projected to grow 16% between 2010 and 2015 and another 23% between 2015 and 2020. The new centers will increase the city’s inventory of assisted-living units by 25%. See how the centers will help part of America’s largest generation retire at The Gazette.
Real Estate Weekly: “Commercial borrowers ready to get back into hock, says survey”
A survey from the National Real Estate Institute indicates a majority of commercial borrowers are confident in 2013’s lending forecast. More than 50% believe their debt load will grow this year, up from 40% in 2012. It appears that lenders are also optimistic, with 68% expecting lending practices to loosen, making credit more readily available. Read about the difference a year made for commercial banking at Real Estate Weekly.
Author: Raymond T. Cirz
