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Commercial Real Estate News for Friday, Oct. 6

In Friday’s commercial real estate news – we’ll look at how Costar fully integrated their database with LoopNet, how commercial real estate deal maker Russ Nelson will retire at year’s end, the NAI Martens report on demand for office space, how US rents are getting more affordable as renters get richer, and much more!

CoStar Fully Integrates Database With LoopNet, Creates New Platform For Users

The ubiquitous tool commercial real estate professionals use in their daily workflow is about to look and feel noticeably different.

Commercial real estate dealmaker Russ Nelson will retire at year’s end

His 35-year career included finding office space for the area’s top companies.

NAI Martens report: NAI Martens report: Market for office space continues to lag

According to its annual area commercial real estate report, NAI Martens indicated a continued lag on office properties.

U.S. Rents Are Getting More Affordable—as the Renters Get Richer

One reason for the shift is that wealthier families are increasingly likely to rent, allowing landlords to raise prices without raising the risk that their tenants won’t pay.

Why Commercial Real Estate Lending by Big Apple’s Home-Grown Banks Is Down

Why are these Big Apple lenders cutting back on their commercial real estate financing activity?

Digital Tools Are Modernizing Today’s Investment Sales Cycle

Ten-X Commercial Division Managing Director Yan Khamish said though technology can never replace brokers in the investment sales process, it can cast a wider net and help investment brokers, buyers, and sellers close more deals faster.