Increased Optimism: NAI Beverly-Hanks Year End 2020 Commercial Market Report

Commercial Real Estate Forecast The commercial real estate market is currently in a relatively stable state, given the effects of 2020 on key sectors. Despite a brutal drop in tourism in Western North Carolina and related blows to small businesses dependent on those tourist-fueled door swings, annual gross rents dropped by only 1.3%. According to […]

Which Retail Companies were the Most Successful in 2020?

One of the strongest features of our economy is the retail industry. However, in a year wrought with health and economic crises, retail companies large and small struggled to redirect their sales models and stay afloat. Today, we’re taking a look at the different sectors of the retail industry and which retail companies were the […]

On the Mend?: NAI Beverly-Hanks Q3 2020 Commercial Market Report

Commercial Real Estate Forecast The commercial real estate market is diligently trying to recover. All eyes are on the pending stimulus package to provide renewed relief to consumers, tenants, and struggling real estate sectors. Many small businesses, restaurants, and local tenants are reaching the tipping point, as the fourth quarter currently marks the end of […]

7 of the Most Important Changes in Post-COVID Office Design

Office environments have been trending toward a wellness focus for some time now. From Google’s Subsidized Massage Program to Apple Park’s 100,000-square-foot fitness center, big companies have put health and wellness at the forefront. Now, in the wake of COVID-19, businesses of all sizes are prioritizing wellbeing and safety. Except now, they’re taking a much […]

What is Multi-family Commercial Real Estate, and Why Should You Invest in It?

Investing in real estate is a time-proven method for diversifying your portfolio and creating multi-generation wealth. If you own a vacation home or short-term rental, you may be well on your way! But there are other real estate investments that can help you generate income more quickly and earn a higher rate of return. Today, […]

A Glimmer of Hope: NAI Beverly-Hanks Q2 2020 Commercial Market Report

How is the Commercial Real Estate Market? Predictions for the commercial real estate industry in the second quarter of 2020 were far from optimistic as the full economic impact of COVID-19 rolled through the market. With lockdown orders in place, the industry stalled abruptly and professional efforts turned to assisting landlords and tenants navigate the […]

What New Restrictions Mean for ​​​​Landlords Right Now

On May 30, 2020, North Carolina Gov. Roy Cooper issued Executive Order 142 to assist residents who have been financially impacted by COVID-19. In response, North Carolina Supreme Court Chief Justice Cheri Beasley issued an order that extends the statewide stay on all eviction hearings through June 21, 2020.  Here are the key points each […]

How is COVID-19 Affecting the Success of Local Businesses?

Many of our clients and friends are asking about the impact of COVID-19 on our hometown small businesses and its overall effect on our local economic development. Two of our commercial real estate agents tackled the big questions. Jim Davis and Steve Dozier of NAI Beverly-Hanks provided educated insight about what we’re seeing now and […]

Conservatively Optimistic: NAI Beverly-Hanks Q1 2020 Commercial Market Report

Q1 2020 Commercial Activity: Predictions for the commercial real estate industry were conservatively optimistic at the start of the year. In our Year End 2019 Market Report, we indicated that a robust first quarter was unlikely, which was confirmed in some segments by the first quarter’s data.  Entering an election year, coupled with ongoing trade […]

Everything You Need to Know about Business Interruption Insurance

As a small business owner, you probably have a million things on your mind right now. Even if you have been spared so far, the COVID-19 pandemic is likely to cause slowdowns or interruptions to your regular spring business. In fact, the effects of the virus are projected to cause drastic changes to businesses—large and […]