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Showing posts from September, 2017

Why Industrial Real Estate Is Flourishing This Year

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The industrial real estate world has never seen a more lucrative period. In just the first quarter of 2017, industrial property sales grew by 3%, which is about a $13.9 billion-dollar increase. With numbers this astounding, it is obvious that the industrial real estate world deserves the attention it is getting. At NAI Isaac, of Lexington, Kentucky, we want to show you why industrial real estate is flourishing this year.

Online Businesses
The main reason that industrial real estate is flourishing this year is the unprecedented growth of web-based companies and the shift to online shopping. More so than ever before, online retailers and distributors are expanding their businesses and more and more online businesses are opening. Because these businesses need somewhere to store and house their items, industrial real estate is in high demand. Many of these newer companies start out by renting smaller warehouses as startup businesses, and when their business expands they rent more industr…

What You Need to Know About Investing in Big-Box Stores

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Big-box stores were once a no-brainer when it came to investing in commercial real estate. It seemed like an obvious financial move to invest in such a thriving sector of business. However, with every passing day is appears that consumers are shifting away from big-box stores to more online forms of retail. Although the retail sector of business is still dominating and growing more and more by the minute, the way that consumers are conducting their business is transforming. Therefore, investing in big-box stores is now a decision that requires a little more deliberation than previously assumed.

It should be of no surprise that almost all aspects of our culture are being revolutionized by the internet. All business and companies, not just big-box retailers, are having to adapt to this new form of consumerism. Unfortunately, it has been difficult for some business to maintain their pace amongst all of this online change. Many big-box stores have suffered in the face of this changes and …

NAI Isaac Welcomes Compass Municipal Advisors to Corporate Plaza in Lexington, Kentucky

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NAI Isaac welcomes Compass Municipal Advisors, LLC to Corporate Plaza in Lexington. The company will occupy 3,558 SF on the tenth floor.  Compass Municipal Advisors, LLC is an independent municipal advisory firm with offices in Lexington and Louisville, Kentucky and Columbia, South Carolina.  They assist local, regional and state governments as well as non-profit entities in a wide variety of financial needs including, but not limited to, financial and capital planning, debt issuance and management, and investment management services. For more information, visit their website.  Anne Kilcoyne, CPM, Senior Property Manager with NAI Isaac, represented the Landlord during the lease transaction.  

NAI Isaac Welcomes Kentucky Lions Eye Bank to Griffin Gate Plaza in Lexington, Kentucky

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NAI Isaac Commercial Properties welcomes Kentucky Lions Eye Bank to Griffin Gate Plaza, located at 1510 Newtown Pike in Lexington, Kentucky. Kentucky Lions Eye Bank is a non-profit charitable organization that restores sight through corneal transplant, ocular research and medical education.  For more information, visit their website.  Paul Ray Smith, Executive Vice President and Jim Holbrook, Associate with NAI Isaac represented the landlord during the lease transaction.  


NAI Isaac Brings United States Postal Service Back to Corinth, Kentucky

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NAI Isaac is happy to announce the re-opening of a United States Postal Service in the city of Corinth, Kentucky.  The city has been without a post office for over 18 months.  The new USPS will be located at 315 Owenton Road.  Jim Holbrook, Associate with NAI Isaac, represented the USPS during the lease transaction.

NAI Isaac Releases Lexington, KY CRE 2017 Mid-Year Market Report

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The Lexington commercial real estate market was mostly positive during the 1st and 2nd quarters of 2017 with an impressive vacancy decrease in the Industrial market which already had a low vacancy rate at yearend 2016.  Low Industrial vacancy is a nationwide trend that is likely tied to the growth of internet shopping and the need for more warehouses closer to various customer markets for companies selling products. There was a smaller decrease in vacancy within the Retail sector that also had a low vacancy rate at yearend 2016. Fluctuations within Suburban Office and CBD Office sectors demand and higher vacancy rates despite the lack of speculative construction continue to indicate those sectors are still "right-sizing" with companies moving to more open floor plans with less square footage per employee. Further impacting the office market is an increase in office tenants seeking non-traditional office space, particularly in the tech and marketing segment.
Market rental rat…

Why You Should Invest in Industrial and Retail Space in Lexington, KY

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Known for basketball, horses, and rolling fields of bluegrass, Lexington, Kentucky is a historic city with a rich and diverse history. Let NAI Isaac show you a few highlights of this spectacular city that will help you understand why you should invest in industrial and retail space in Lexington, KY.

Heart of the Bluegrass

Founded in 1775, 17 years before Kentucky was even a state, Lexington was originally Finecastle County, Virginia. After the victory in the battles of Lexington and Concord, the area was renamed Lexington. Located in Fayette County, Lexington is the second largest city in Kentucky and the 60th largest city in the US. With a population of just under 318,500 people, this city is bustling with activity. Consisting of 285.5 square miles of land, the population density is around 1,000 people per square mile. Because Lexington is also considered part of the Lexington-Fayette Metropolitan Area, which includes Bourbon, Clark, Fayette, Jessamine, Scott, and Woodford county, t…

NAI Isaac Releases Lexington, KY CRE 2017 Mid-Year Market Report

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The Lexington commercial real estate market was mostly positive during the 1st and 2nd quarters of 2017 with an impressive vacancy decrease in the Industrial market which already had a low vacancy rate at yearend 2016.  Low Industrial vacancy is a nationwide trend that is likely tied to the growth of internet shopping and the need for more warehouses closer to various customer markets for companies selling products. There was a smaller decrease in vacancy within the Retail sector that also had a low vacancy rate at yearend 2016. Fluctuations within Suburban Office and CBD Office sectors demand and higher vacancy rates despite the lack of speculative construction continue to indicate those sectors are still "right-sizing" with companies moving to more open floor plans with less square footage per employee. Further impacting the office market is an increase in office tenants seeking non-traditional office space, particularly in the tech and marketing segment. Market rental ra…