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Isaac Gutman Says Learn From Commercial Real Estate Mega Deals

Isaac Gutman is one of the great, innovative business leaders and real estate entrepreneurs emerging out of New York City. Currently, he is CEO of Ryer Investments, a hyper-growth NYC development and real estate management firm headquartered in Angola with holdings throughout New York City, Brooklyn, and the Bronx. Isaac Gutman was named one of the real estate visionaries and development professionals in New York City. He is frequently quoted as an expert on construction planning and major capital investments in the media and is a recurring contributor for the Real Estate Daily Report. Isaac Gutman is an esteemed member of HGE, a highly selective community for entrepreneurs in the real estate sector that includes some of the most passionate and successful entrepreneurs across the globe.

Over the past ten years, there have been numerous mega-deals in commercial real estate: purchases totaling more than $100 million. In South Florida alone, the industry saw a dozen mega deals, including six in Miami-Dade County. Savvy real estate investors can see the value in these investments and are taking advantage of them moving forward.

1. The Hottest Cities in America

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Around America, some cities simply outperform others in terms of the number of mega-deals available in the area. These include:

  • The Dallas/Fort Worth area
  • Chicago
  • New York

In these areas, commercial real estate may not be readily available, but when it does go on the market, it has the potential to offer a substantial return on that investment. Many investors recognize the importance of investing in these key areas.

It’s important, however, not to rule out smaller areas. Many millennials are leaving big cities finding that they simply don’t have the funds to live in these big cities, even if they have the skills needed to jump into open jobs and fill talent gaps within their chosen industries. As a result, many people are shooting for a higher quality of life in smaller cities that offer the same opportunities—which means those mega deals are likely to be around for some time to come.

2. Warehouse and Industrial Properties Increase in Popularity

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Now, as never before, savvy investors are looking to warehouses and industrial properties. These properties have immense potential for the online shopping market: more customers than ever are shopping online, and they not only want their products at lower prices, they want them fast. Offering warehouses and industrial properties around the country makes it possible for many of those online shopping giants, including such big names as Amazon, Target, and Walmart, to reach their customers no matter where they live, allowing them to enhance their services to their customers and keep goods moving smoothly around the country.

The Twin Cities area, for example, saw record-breaking sales, both in terms of overall volume and the purchase price of a specific property, in 2019—and, in spite of economic challenges plaguing the beginning of 2020, the market seems set to continue to grow. The increasing number of customers turning to online ordering in light of the pandemic may actually fuel the growth of the triple net (NNN) industrial leasing industry further.

3. Shifting Home Ownership Trends

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Millennials have a unique perspective on homeownership. Many of them have little desire to “settle down” in a home that belongs to them. They’ve grown up through economic uncertainty—and in fact, many millennials have fewer financial opportunities and lower financial portfolios than previous generations. As a result, they’re choosing to live in rental properties longer.

In many cities, this decision is fueling strong demand for apartment complexes. Millennials, especially those who are waiting longer to start families, are often content to live in apartment complexes, especially those that offer the amenities they want most from their investments. As a result, they’re comfortable in those spaces—and apartment complexes make an excellent investment in many areas.

4. Changing Office Space Needs

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Many employers are revisiting their office spaces. Instead of offering employees more individual spaces, offices are looking into open spaces that encourage collaboration. Savvy investors, however, will consider how COVID-19 and the resulting social distancing measures may continue to impact this strategy for some time to come: many investors may find that an increasing number of offices shift to allowing remote work, which may change the design of the physical office substantially.

Changing the way investors offer spaces to office managers means remaining innovative and aware of the latest trends in the industry, even as things start to shift back to normal. Flexible working environments, including spaces where workers can rent office space, are likely to rise into higher demand as more offices offer remote work possibilities and employers look at a global workforce, not just a local one.

Savvy commercial real estate investors must stay on top of the latest trends in order to make the most of the opportunities available in front of them. In many cities, demand continues to rise—and how you respond to those needs can make a substantial impact on your financial portfolio.

Tips for Living in NYC as A Millennial – Use Loftey

Contrary to popular belief, many Millennials today do not have any problem leaving the nest. In fact, many of them are leaving their small town and headed for the big city. New York City is popular among Millennials because it is a thriving area that has plenty of opportunities. However, there are several things that you should know if you want to move to NYC.

Source:livability.com

Wear a Fanny Pack

Fanny packs are making a comeback. They are extremely popular among New Yorkers because they are a safe and convenient way to carry all of your belongings. You will be less likely to be a target for pickpockets if you carry your belongings in a fanny pack.

Riding the subway is a Way of Life

New York City is one of the few places in the United States where you can comfortably live without a car. That is why many people opt to take the subway. However, there are several things that you will need to do in order to make sure that you get the most out of your subway experience.

You should get a subway app so that you will be able to see what time the train is coming. You should also avoid getting on an empty Subway car. It is better for you to get on a crowded one.

It is also important to note that there are local and express trains. Express trains will skip a lot of stops so that you will be able to make it to your destination in a shorter amount of time. A subway is also a better option than the bus if you are in a rush to get somewhere.

Reevaluate Your Budget

Source:wikipedia

New York City is one of the most expensive places in the country to live. That is why it is a good idea to set a budget before you move there. Keep in mind that even if you are making a great salary where you currently live, it will be harder for you to stretch your dollar if you live in NYC.

For example, you currently make $40,000. You will likely have to make $80,000 a year to maintain that same standard of living.

Invest in a Good Coat

Source:blog.marriottvacationclub.com

New York City has cold winters. In fact, it is common for the temperature to drop below freezing in the winter time. That is why you want to make sure that you invest in a good coat.

Use Loftey for Apartment

Your housing will likely be your biggest expense. Contrary to popular belief, it is possible for you to find an affordable apartment in NYC. You just have to know where to look. You can use Loftey to streamline the process for finding NYC apartments for rent.

Loftey is a company that has over 10,000 apartment listings. You can use it to search for apartments based on size, the number of bedrooms and what your desired rent range is. You can also choose when you want to move. Loftey will help you save money on your new apartment.