The Eider Group at Marcus & Millichap’s Post

Since 2020 consumer behavior has changed quite a bit, and it is clear in how private outdoor space has influenced property values. Although a lot of companies have resumed normal work week schedules, there are a number of employees that have the ability to work from home on Monday and Friday or work remotely 100% of the time. Due to the flexibility to work from home, buyer behavior has shifted toward having a heavy focus on PRIVATE outdoor space, especially those that are well-proportioned enough for furniture and landscaping. While having a communal rooftop deck or courtyard, most people don't use them as much as they would their own outdoor space. Our data partner, Urban Digs, has put together a few slides to illustrate the widening spread between Manhattan apartments with and without outdoor space over the last 15 years and more closely over the last 3 years. These charts show that if you were to take the same home and add a decently sized private outdoor space, it should sell for almost 15% more. It is my opinion that the same metrics can be applied to the Brooklyn markets as well. Let's collaborate on what's the best strategy for you. * 📱 (631) 495-7491 * 📩 jcella@elegran.com #Elegran #ForbesGlobalProperties #ElegranRealEstate #PreciselyYou #NYCRealEstate #NYCMarket #ManhattanRealEstate #Manhattan #RealEstateTips #Homeownership #ElegranBlog #ElegranAdvisor #datascience #sales #salestips #luxuryhomes #luxuryapartments #sellersagent #buyersagent #investors #realestateinvesting #nycluxury #realestate #realestatemarket #brooklyn #brooklynbridge #brooklynlife

Office Tuesday Leasing office properties requires a deep understanding of tenant preferences and market dynamics to attract stable tenants and maximize occupancy rates. Medical offices, for example, offer the benefit of long-term leases and consistent demand, providing stability and predictable income for property owners. Factors: location, population, demographics, needs. Asset managers focus on strategic planning and financial analysis to optimize the performance of office properties, identifying opportunities to enhance tenant satisfaction and property value. Where can you add value to your asset to keep tenants satisfied and help them obtain a good customer base which will result in a stabilized asset. #realestate #business #commercialrealestate #investing #diversify #build #grow #challenge #results #service #professional #modesto #california #ca #stanislauscounty #centralvalley #investor #invest #REI #passiveincome #turlock

Adapting for the residents of tomorrow is becoming increasingly essential for residential communities. Five emerging multifamily trends for 2024 include: Health and Wellness, Diversification of Lifestyle Amenities, Flexible Multi-Purpose Spaces, Catering to Aging Renter Demographics and Buildng neighborhoods to Thrive! #multifamilydesign #multifamly #multifamilyamenities

Sure, #location is 👑 king, but there's more to the story! Here's a peek at some key factors that can affect your commercial real estate investment: Economic climate ➡️ A healthy economy can boost demand and property values. Demographics ➡️ Young professionals? That could mean high demand for office space. Interest rates ➡️ Lower rates mean lower costs and smoother sailing. Renovation potential ➡️ Unlock hidden value and boost your ROI! 📈 Income potential ➡️ The more it brings in, the more it's worth. 💲 #cre #commercialrealestate #officebuilding #office #retail #industrial #ohiorealestate #columbusrealestate #krgre #experiencematters #experts #brokerage #agents

🏡 Embracing the Suburban Revival: A New Era for Homebuilders 🌟 Recent reports highlight the resurgence of suburban and exurban growth over urban centers underscores a pivotal shift in homebuyer preferences. The surge in suburban and exurban growth over urban centers, driven by millennials seeking larger homes, outdoor spaces, and better schools, marks a significant trend in the housing market. With remote work enabling more flexible living choices, regions like Texas and Florida are seeing unprecedented demand for spacious, well-connected communities. This shift presents exciting opportunities for builders to innovate and shape the future of suburban living. #Homebuilding #SuburbanLiving #RealEstateTrends #HomebuildingTrends

Not really news, most people realize that the Kastle Systems swipes underreport building census. The REBNY data also has some issues in that it cannot differentiate between office workers and tourists. What makes the most sense is looking at the subway data and the census in the major transit hubs. You can get an more accurate number this way because you can easily extrapolate out tourist count out of these populations. The net net is that the office census in NYC is getting better and it will likely not get to where it was in Q4 2019 until the next cycle when you will see an expansion of business creation. Stay alive until 25 and it will be great in 28. #cre #commercialrealestate #commercialproperty #commercialoffice #commercialofficebuilding #office #offices #officebuilding #officebuildings #officemarket #tenant

#Bengaluru #RealEstate is evolving due to millennials’ influence, emphasizing affordability, The #smart homes, #Sustainability , and outdoor spaces, reshaping the city’s residential #landscape Real Estate Updates More On: https://lnkd.in/e5DM2_Nj

Check it out! New marketing intel for senior living providers. Market and construction trends have a huge impact on your senior living organization. Plante Moran Living Forward’s Market Snapshot can help provide a pulse on the market. Download here. #seniorliving #markettrends #Q4

Designers of next-generation multifamily housing must consider the impact of changing demographics, growing health concerns, and new work patterns. Here are five key design trends shaping tomorrow’s rental apartments. https://loom.ly/PpYAZP4

No surprise here. A significant majority of home buyers are looking for houses with a home office. Specifically, 66% of buyers want a home with exactly one office, 13% desire two or more, and 20% prefer none. The preferred size for a home office among buyers is medium-sized (100 to 150 square feet). Smaller percentages—22% and 19%—favor large (over 150 square feet) and small (under 100 square feet) offices, respectively. Home office preferences vary widely by demographics, with 90% of Gen Z buyers and 92% of those earning over $150,000 annually showing a higher preference for at least one home office compared to 75% of Boomers and 65% of those earning under $50,000. #realesate #houses #housing #singlefamily #Residential #homeoffjce LAND AND SEA REAL ESTATE, INC. JoAnn Kalogianis Spaneas National Association of Home Builders https://lnkd.in/eWrTFiGb