Economy | Building Engines
Building Engines Blog | Economy
Nearly every major real estate company has shared their predictions for the next 12 months, and after scouring the web, it turns out they are surprisingly positive – 2013’s year of recovery has spurred 2014’s year of optimism. The likely cause of this positive outlook? A stronger economy
Trends in the broader economy can have a large impact on the commercial real estate sector. Shifts in production levels in the manufacturing industry may contribute to the need for additional space or warehouses may close based on declining sales in certain regions. It’s like an economic butterfly effect. In some cases, economic changes may […]
We hate to blow the horn every time we hear a story about the market getting better, but a new survey by the National Association of Realtors found that 58 percent of real estate professionals felt the commercial market would improve in 2014 is nothing to sneeze at. These results coincide with the returning confidence in other real […]
The commercial real estate market is showing improvement in most markets, but the slow economic growth has limited the ability of companies to add jobs.
Construction spending is rising, indicating higher demand for new buildings and low interest rates are attracting new investors. Improvements can be found in every sector of the industry, from residential to commercial.
According to an article in Buildings Magazine, Where America Goes to Work, the commercial real estate industry offers a significant contribution to the the U.S. economy.
The importance of property maintenance falls not only on nonrecourse lenders but also on the property owners, brokers, and potential buyers- effectively the entire market. In the September/October issue of Commercial Investment Real Estate (CIRE), Tim Follain, FI Consulting co-founder and principal explains, “Neglected properties affect not only deal participants but the market as a […]
We were very pleased this week to announce our new partnership with eSight Energy! eSight Energy is the creator of eSight, the world’s most sophisticated and comprehensive energy management suite. Utilizing 100% web-enabled technology, eSight offers an extensive range of techniques for analyzing energy usage and targeting sites for significant energy and cost savings. This partnership will […]
The idea that everyone is on average approximately six steps away from any other person on earth, is known as six degrees of separation – such that a chain of “friend of a friends” will connect any two people in the world within six steps or fewer. In Hollywood, this small world phenomenon is embodied […]
Imagine buying a sick race horse for cheap hoping that over time she might squeeze in a few more paydays before heading to the glue factory – enough paydays to pay the purchase price and turn a tidy purse. In the horse race of mortgage finance, that filly is named “Toxic Asset” and she’s a […]
Your real estate management business can learn a lot from a cat. We all know about a cat’s innate ability to always…. always land on its feet, but do we know how a cat does it? Here’s how: It starts at the head. Utilizing its inner ear, a cat first orients itself to the ground. […]
I just read that the U.S. office market recovery has begun: “…that the third quarter the U.S. office market posted positive net absorption for the second consecutive quarter — 5 million square feet absorbed in the second quarter and 7 million square feet in third quarter.” [U.S. Office Market Enters Early Recovery as Absorption, Demand […]
The real estate optimist, like Sasquatch and the honest politician, may be no more than myth. Real estate runs on jobs and jobs are a reflection of the economy. With the U.S. economy growing at an annualized rate just 1.7 percent in the second quarter, we appear to be entering another sustained slowdown, or so […]
Building Engines sponsored the Bisnow Boston State of the Market event on Thursday, September 30 at the Marriott Copley Hotel. The outstanding event, put on by Bisnow Media, attracted over 1000 of the region’s real estate professionals and included two panels of the most successful and accomplished leaders of the local market. The experts were […]
When the going gets rough, team cohesiveness can break down and productivity plummets. Declining conditions breed controversy and contempt among subordinates. Good teams respond well. Great teams excel. Exceptional teams turn the challenge into an opportunity and achieve greatness. The latter case requires exceptional leadership. Your actions under fire set the tone for your company, […]