Workplace Trends Commercial Real Estate Developers Should Consider

Given that office spaces account for a majority of commercial real estate properties, knowing workplace trends can help make or break a new development. Here are some workplace trends for 2018 that can affect commercial real estate development. 

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The human experience is a trend brought about by millennials entering the workforce. This is due to their expectation of the workplace being a modern, livable, and collaborative space rather than it is just functional. This trend focuses on open spaces, recreational areas, and other spaces that promote creativity and productivity. 

Another trend is sustainability. A business’s carbon footprint may not be visible, but constant efforts in ensuring that companies are going green make sustainability a major trend. This is brought about by a higher awareness of climate change and the need to take action. Practicing sustainability in commercial properties can be done by incorporating solar panels to the building’s design or capitalizing on natural lighting to reduce energy costs. 

Operational flexibility is a trend brought about by the market. Because of previous market downturns, investors are now looking for a property’s ability to be flexible in terms of what their client needs. This considers the possibility of tenants coming and going with the building able to accommodate the needs of any tenant. This may cause some commercial real estate properties to undergo re-purposing to accommodate the needs of incoming clients. 

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Randy Benderson is the president of Benderson Development, a commercial real estate powerhouse with over 8,000 employees. Benderson believes that success is due to an excellent work ethic and passion for growth. Read more insights on the commercial real estate industry by visiting this blog.

Mistakes To Avoid When Flipping Property

House flipping is a real estate term where one buys a property, restores it or tears it down and builds a new one, and then sell it for a profit. As simple as that concept might seem, there are a lot of pitfalls that can cause you headaches and thousands of dollars. Here are some mistakes you should avoid when flipping properties.

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Not having enough money is one of the biggest mistakes one could make. Financing a property can mean that you would be paying interests. Keep in mind that every dollar that is added to the interest is a dollar you will have to earn if you plan to make a profit or break even. Avoid this altogether by paying in cash.

Flipping properties is also time-consuming, so make sure you have enough time to do so. Missing important milestones such as property inspections sets the sale back. Also, make sure you have time to sell the property.

Skimping out on workers is also a pitfall. One might think that restorations can be done with a few specialized workers. Keep in mind that having insufficient workers can affect the timeline in which the project runs on. Hiring a few can mean more problems in the end.

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Randy Benderson is the President of Benderson Development. The company was a venture founded by his father, Nathan Benderson, over 60 years ago. Randy is passionate about pursuing all the opportunities before him. For more information on property investments, visit this page.

Outlet Malls And All The Wonderful Shopping Centers Known To Man

Shopping centers have been at the forefront of many industries, from real estate and technology to textile and sports. No other structure has been as popular to society’s culture as the shopping center.

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With that in mind, below are some of the different kinds of shopping centers that have been developed throughout the years.

Power centers

Power centers are comprised mostly of hardware stores, discount departments, and warehouse clubs. They are placed in huge structures and old warehouses. They’re smaller though than specialty centers.

Specialty centers

Specialty centers are the megamalls filled with high-end clothing stores, boutiques, sporting good shops, and other merchandise geared towards fashion.

Festival centers

Festival centers are usually built for tourists and visitors to the town. These places have more food and entertainment establishments than retail stores.

Outlet centers

Outlet centers are famous for having manufacturer’s outlet stores. These are usually found outside city limits and look like small villages. Also, most of the products here are discounted.

Neighborhood centers and community malls

Neighborhood centers and community malls are similar. They are both developed to cater to the needs of a community. Neighborhood centers are smaller but offer more convenience to shoppers. Community malls are larger and have more specialty stores. The common denominator between these two is the presence of a supermarket.

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Randy Benderson is the President of Benderson Development, a venture his father, Nathan Benderson, established in New York over 60 years ago. Whether in business or philanthropy, Randy is passionate about pursuing all the opportunities before him. For more on Randy and the company he leads, visit this page.

Real Estate And Other Great Investments To Make In 2018

With the Federal Reserve planning on raising interest rates three or four times this year, and with the stock market on an expensive territory as the year begins, people must be careful about where they invest. Here are some tips on where investors should funnel their hard-earned money in 2018.

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One is to try to max out your 401(k) plan in 2018. If you’re nervous about the market, no problem – you can invest your account balance in a money market or stable value fund. You’ll still benefit from the tax break and any employer matching.

Peer-to-peer lending platforms are the next good option. With these companies, you’re able to loan money to individuals in small increments as if you were the bank. You get to earn a pretty decent rate of return of usually upward of 6 percent or more. As an investor in peer-to-peer lending, you’re investing in other people and their goals.

Thirdly, go for real estate. While commercial real estate is seen as bullish this year, you don’t have to outright put your investment in a physical property as there are ways to have hands-off investment in the industry. One option is investing in real estate notes. Another is Fundrise, which buys commercial properties and allow investors to invest small sums of money.

Finally, don’t let your career suffer; commit to it. While investing your savings in stocks or Bitcoin is well and good, devote your time and energy to your career as well. With the skills, experience, and connections you gain from your job, you can build the foundations for your own business and better control your financial destiny.

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Randy Benderson is the President of Benderson Development, a commercial real estate company with over 500 properties in 38 states. The company is one of the largest and most diverse real estate developers in the U.S. For related reads, visit this blog.