Foreign lending has always had an impact on commercial real estate, whether its effects are obvious or not. If a foreign bank can give a US corporations their dream rates, they're more likely to buy more property. If foreign banks make it easy to do business with US companies regardless of where they set up their branches, US corporations may choose to start moving more of their business overseas.
But there are a few ways in which this is beginning to change. As the world stage continues to shift at a rapid pace, the market has been busy responding to the turmoil. See how multinational corporations and small businesses alike can prepare for the trickle-down effects of changes in foreign lending.
The BEAT Tax
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In real estate, staging is the act of dressing up a property so that it looks its best. Staging is usually a term that people hear in the residential real estate market. Wright County homeowners are told that staging a property can increase profits by about $2,000, but little is said about commercial real estate. Property owners are left with the question, should they stage their commercial property just like homeowners? Is there value in staging? The short answer is yes.
Timber has been making a rather big splash across the commercial real estate industry due to a number of changes in both industry and public demand. New lamination methods make it possible to use wood in large commercial projects (even skyscrapers), edging out more traditional options like concrete or steel.
An upcoming renovation of the Suburban World Theater in Minneapolis is right in sync with what's happening across the country. Savvy investors and developers are capitalizing on a growing trend to capture the bygone elegance and traditional appeal of the silver screen era in a high-tech age.
Health and fitness are big business all over the world. Business travelers as well as vacationers are as likely to pack workout clothes and running shoes as business suits and casual attire. At the beginning of the 2018, more than 4,000 fitness pros identified 10 fitness trends they believed would dominate the scene for the coming year. Among them were some surprising choices.
At a time when the economy seems strong, apartment and condo developers are trying to balance growing demand against the rising prices of steel and lumber and the dearth of trained tradesmen. Record low unemployment numbers nationwide contrast sharply with record high number of unfilled jobs in many cities across the country. Labor shortages are especially worrisome for the construction industry.
In light of Amazon's much-publicized city search, municipalities and regions across the country have begun to reexamine the tax incentives and other perks that are appropriate in an effort to attract new business. Deal-making has positive long term benefits for many communities, but there are also some downsides. What are some of the pros and cons of business enticements, and just how much is too much?
The rapid expansion of the Millennial workforce globally, particularly in the United States, has produced a series of changes in business philosophy that could not have been envisioned two decades ago and was, even more recently, not totally acknowledged.
It's obvious that the diverse field of commercial real estate—development, design, management and sales—is changing rapidly, influenced by emerging trends in business and technology that have an effect over a broad spectrum of industries. This new reality may initially be disruptive, but there are changes in store that will affect all aspects of real estate business.
For the fourth year in a row, the U.S. tops the list of favored destinations for a sizable number of wealthy Chinese individuals who wish to leave their country. Ireland and Canada placed second and third, respectively.