Hello. It’s me. I was wondering if after all these years you’d like to see my predictions for 2016. (Thank you Adele.)
Let’s call this prediction thing what it really is. Predictions are really observations of trends that are just beginning. Get ready to place your bets for 2016 based on new trends that are emerging in the market. Continue reading →
Energy prices are on the rise, according to a recent February 2014 survey conducted by Forbes, and it is an increasingly hot topic. From the standpoint of those that benefit from energy profits, the outlook is positive, says 81% of industry respondents. Changes are happening and policies are going to be under the 2014 congressional spotlight. Almost half of the respondents feel that it is likely that the U.S. will achieve energy independence in the foreseeable future…. but I’m not sure if that will make energy prices any more affordable locally.
From the standpoint of the user of a large property or older location with high energy costs to begin with, this news is not positive. Maybe it’s time to become more pro-active, rather than re-active. With prices on the rise and change in the air, now may be a perfect time to consider more efficient energy alternatives and upgrades to properties. Becoming pro “green energy” is becoming more and more attractive for many reasons, including the cost savings.
The sharp rise in e-tailing and its game-changing impact has created a new normal in the retail real estate sector. Major national retailers are evolving their strategies in an effort to “survive and thrive” in this new market dynamic. “The good news is that even though Apple, Netflix, Amazon, eBay, and other online giants killed record stores and video rental shops and are in the process of doing the same to electronics and bookstore big boxes, e-commerce will never replace the brick-and-mortar shopping experience,” says Sean Glickman, CCIM, managing director of Glickman Retail Group in Maitland, Fla. Continue reading →
11 Ways to Finance Commercial Real Estate Energy Retrofits
by Michael C. Polentz
According to the U.S. Department of Energy, commercial buildings account for 35 percent of U.S. (and 40 percent of global) electricity consumption. Most commercial real estate professionals accept that energy efficient buildings can, and do, impact the value of the underlying asset. Notwithstanding this recognition, existing commercial buildings on average spend 30 percent of their budgets on operating costs and account for close to 20 percent of all global carbon emissions.
While they understand the benefits, the challenge for most commercial real estate owners and operators is not whether to implement energy efficient retrofits, but rather how to pay for or finance such improvements. Continue reading →