Over the past several years, coworking has become more and more mainstream, with the idea of traditional office hours being replaced by remote work as companies are choosing to minimize their overhead while maximizing their flexibility and efficiency. In fact, the coworking market now how thousands of players, located all over the world and coworking operations are popping up left and right amidst startups and tech companies. And while there is plenty of buzz around financial technology, artificial intelligence, and virtual reality, coworking is a fast-growing subsector of the commercial real estate market that deserves some credit itself.

Bank Economist and Research Officer Kevin Kliesen with the Federal Reserve Bank of St. Louis, 8th District, gave an overview of the U.S. economy and what to expect by 2020. He began by sharing the astonishing fact that since the end of the recession in 2009 private employers in the U.S. have added $20 million jobs, or about 200,000 per month.

Think about it -- real estate is an expense for nearly every business out there, whether that business is owning, managing, or leasing. Fortunately, artificial intelligence, or AI, offers a great opportunity to lower some of the costs traditionally associated with commercial real estate -- especially those that are associated with property management, but it doesn’t stop there. Artificial intelligence is also being used to automate a number of processes, allowing CRE professionals to work more efficiently.

Another year has come to a close as we leave 2018 behind and usher in 2019. Your New Year resolution as a commercial real estate broker may be to close more deals this year. However, productivity is a key component in reaching this goal. If you focus on working smarter and ramping up productivity, you will be well on your way to the best year yet.

Thinking about leasing an office space now or in the near future? It is important to consider a number of things prior to closing the deal. Of course, any business owner or professional in need of office space will look at the size and price of a variety of offices, but there are a number of additional details and features that might get overlooked when deciding on new office space.

Developing a sense of community and providing your tenants with amenities in an office building, apartment complex, and everything in between is proven to make them feel more comfortable and valued. Tenants are also more likely to stick around and renew leases with an environment they enjoy. So, let’s take a look at some ways you can develop a sense of community for your tenants, t ensure their happiness and longevity in your property.

It started as a way to connect with people and industry in South Florida over thirty years ago, when NAI Merin Hunter Codman Chairman, Neil E. Merin, SIOR, CCIM was just beginning his commercial real estate career. Back then, community engagement and volunteering was practically the only way professionals, including attorneys and CPAs, could market themselves and their firms.

Undoubtedly, we as a modern society love blogs. Enamored by quick, easy to absorb, entertaining and informative content— but let’s be honest, if you're currently reading this, we likely don't have to sell you on the value of the “blog.”

We are all more than aware that office buildings are extremely prevalent in any modern cityscape. While larger office buildings are structures that normally stand the test of time, think Empire State Building —that doesn’t mean that they don’t need to be spruced up as we continue to evolve. While that may not mean a massive tear-down and rebuild, there are ways to update your office building to include amenities that your tenants will consider a must-have.

You have spent tireless hours obtaining listings, you've pushed yourself to expand your marketing techniques and now leads are starting to come in. However, no matter how many new, fresh leads you've gotten, if you don’t effectively follow up and nurture these leads, the sale may never blossom. It is important to be effective in your approach to following up on leads to eventually secure and close a sale. You may be thinking to yourself “ But I have closed plenty of sales in the past!”

NAI Global is a leading commercial real estate company with local expertise and global reach. NAI Global offices serve not only their clients, but also their local communities. Below are some examples of how NAI Offices paid it forward in their communities in 2018. We look forward to continuing our support of NAI Offices and local communities in 2019!

Attending his 67th consecutive SIOR conference, Tom McCormick, SIOR, FRICS and a 33-year veteran of the organization, took the reins in Denver as the first SIOR-designee to also serve as its CEO. He was appointed to the leadership role in August of this year.