If there’s one thing the past few years have taught us, it’s the importance of adaptability. Commercial real estate (CRE) markets across the globe have undergone sweeping changes, altering both the investment landscape and the very fundamentals of how we do business.

So far in “By the Numbers” we’ve looked at several different metrics that can be used to understand potential returns on properties and communicate those returns to investors.

Here at NAI Global, we are privileged to have a wealth of experience (and expertise) at our fingertips, in the form of our diverse network of brokers from around the world. In our ‘broker tips’ series, we chat with those ‘in the know’ to bring you short, sharp, and succinct advice that can help you get the most out of a career in commercial real estate (CRE).

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It’s hard to believe it’s been a whole year since the last NAI Global convention in New Orleans. Back then, we were just emerging from the pandemic, and finding our feet again as we renewed the connections, partnerships, and friendships that are such a core part of the NAI network. What became more apparent than ever this year, was how much that network has become a family. 

It’s March, and as many of our members know, that means it’s Women’s History Month here in the US. It’s a time for us to reflect on, celebrate, and commemorate the contributions of women to American history and society.

It’s only been a few months since OpenAI’s new AI chatbot ChatGPT launched, but it already feels like the tech is everywhere. By now, you’ve probably already read that it’s managed to pass university exams, is causing chaos in schools, and, like the image creator DALL-E2, has creatives on edge across the globe.

In our first edition of ‘By the Numbers,' we touched on Net Operating Income (NOI) as it relates to the calculation of capitalization rate or ‘cap rate.’ As we showed there, the cap rate is related to a property’s first year of NOI and can help investors and commercial real estate (CRE) professionals determine whether a property is a good potential investment.

Over the past few years, a fact that’s become increasingly clear to employers is that the labor market, the role of the workplace, and the opportunities employees are looking for have all changed. To adapt, companies have had to change their own approach to attracting talent.

Perhaps one of the biggest trends we’ve seen come out of the pandemic is the conversion of offices and other assets to meet growing demand from the multifamily sector. This process of ‘adaptive reuse’ isn’t anything new. It’s been a solid strategy for shifting value in commercial real estate (CRE) for decades, and has been used to reimagine and repurpose everything from schools to power stations.

NAI Global annually recognizes producers individually and as teams, who are handling the highest volume of multimarket business.

In our first installment of “By the Numbers”, we looked at a common metric for return on investment: a property’s capitalization rate or “cap rate.” As we saw there, many…