A property is only worth as much as a buyer is willing to pay for it. But how do you find that good quality buyer who’s the perfect fit for your property and willing to pay the price you want?

Back in 2022 when ChatGPT first made its appearance, artificial intelligence (AI) was still considered a novelty in many industries. Since then, we’ve seen a surge in the popularity of AI assistants and, more broadly, in other generative AI (GenAI) tools that can be used across a wide range of applications and business contexts.

As we start a new year after another challenging one, the big question for many in the commercial real estate (CRE) industry is: What can we expect from 2024?

One of the biggest technology-based shifts that commercial real estate (CRE) has undergone in recent years is the change in how physical space is viewed, shown, and analyzed.

In the wake of the ongoing crisis in the office sector, a term that commercial real estate (CRE) professionals have become deeply familiar with is “adaptive reuse.” Office conversions – into retail, multifamily or other asset classes – are slated as a solution to the faltering return to work.

In commercial real estate, foot traffic indicates the number of people that visit a property location during specific times, how often they visit, and how long they typically stay.

Earlier this year, NAI Global announced our Women’s Alliance Champion Award – a new accolade that recognizes the hard work and dedication of one member of the Women’s Alliance at NAI Global. The award is intended to showcase qualities of outstanding leadership, business achievement, and personal growth. In other words: the markers of truly exceptional talent.

A growing trend in recent years has been the increase in the number of people opting to buy or rent properties on their own.

Over the past year, rising rates, difficult debt, and liquidity issues have all played a part in an increasingly troubled outlook for CRE finance markets. A natural knock-on effect has been a sharp drop-off in sentiment around CRE lending, particularly in the latter half of 2022.

A core part of managing any commercial property is staying on top of the maintenance and improvements that keep a building in good working order. As any property manager knows, this is often the key to keeping tenants smiling – or attracting them in the first place.

In recent years we’ve seen a shift among consumers and tenants towards more easily accessible, amenity-rich, and connected, urban environments.

Ask any commercial real estate (CRE) professional working with retail properties to sum up the sector’s performance over the past two years, and there’s a good chance you’d hear words like “resilient” or “steady.”