Our MAPP Program was recently featured in the Cover Story of SIOR Professional Report. The article describes out GIS/Data program for Los Angeles Commercial Real Estate.
https://kleincom.com/wp-content/uploads/2011/04/Power-of-Data.pdf
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The biggest surprise this year is how many buildings have been bought up at fairly high prices. We are not out of the doldrums, but there is a scarcity of property for sale. Many buildings that have been sitting around for years are now subject to competitive bidding. Brokers are out looking for “off-market” deals – not for speculative investors, but for Users. While pricing is not at the highest levels, they are in a lofty range and somewhat removed from an otherwise weak leasing market.
Continue reading “USER MARKET SHOWS SIGNS OF NORMALIZING”
The business is changing when we can be at a property and hold a video conference with a customer while he is making a final selection with recently emailed photographs. Or we can look at sites on an aerial, upload the geocode information to the GPS for a property tour and fax the offer from the car.