Many companies have emerged in the last several years that offer detailed insight on historical commercial real estate (CRE) data, listing comps and market insights. While historical market data is imperative for most CRE entities, timely market insights are just as essential in making the right investment or business decision. Would you purchase a home
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Economic Development Agencies make it their mission to attract new businesses to their community. For that reason, they are an incredible resource for identifying which economic development incentives a business may qualify for. For commercial real estate developers, learning about the various opportunities can be a game-changer when doing site selection within a region. When
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Economic development and commercial real estate go hand-in-hand, but for real estate professionals entrenched in daily property transactions, it’s easy to overlook the important role economic development offices play in a market’s growth. Economic development agencies should be your first stop when pursuing properties in a new market, and here’s why: Growth is the name
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Economic development organizations (EDOs) are at the heart of a city and state’s business development, so it’s no surprise that keeping a close eye on commercial real estate developments and workplace trends is a priority for them. The future of a region’s economic growth relies heavily on the quality of workers an employer can recruit
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It’s all about the company you keep Commercial market prices are determined by a whole host of factors – the obvious ones, like buyer demand and the overall economy, and perhaps the less obvious ones, like institutional longevity in a given locale. When Economic Development Organizations are looking to grow their local economy, it’s vital
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Looking at two metro areas’ economies is never an apple-for-apple comparison. Even with similar populations and similar GDPs, there are just too many other variables to be able to say, ‘See what worked there? We should do that here,’ and expect the results to be the same. But, by looking at local (and hyperlocal) data
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As an Economic Development Office, every day poses various opportunities and challenges that can change from one day to the next. At the heart of it all, drawing prospective businesses to your area is the bread and butter that keeps your local area flourishing and well. To attract a new business, it’s essential to have
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