All tagged property development

STNL Investments, What to Expect in 2019?

The Single Tenant Triple Net (STNL) market has been on fire the last few years, with a slew of new buyers looking to acquire a STNL. 

Many of these buyers are first time purchasers of commercial property. A basic law of economics states that if there is an increase in demand and stable inventory available then prices must increase. This is exactly what we’ve seen over the last few years as CAP rates have continued to compress.

Business Case Behind Murals On Commercial Buildings

As public art on the side of commercial buildings gains popularity, it is presenting a winning solution for cities, landlords and residents alike by engaging the local community, dressing up what might be an otherwise boring wall and helping to advertise the properties themselves. 

Some property owners have found value in creating art on the walls of commercial buildings even when it does not lead to a direct monetary gain. Sources told Bisnow that buildings become known for the murals themselves, drawing foot traffic and ultimately, customers. They serve as a form of advertisement, with some business owners using murals as a way to work around tight sign ordinances. Contributing to the arts also allows for a sense of place in growing areas, developers say.