Eric Hauser MS, MBA

The "flight to quality" is real. Several West Loop trophy properties (110 N. Wacker, 150 N. Riverside, 444 W Lake) are nearly 100% leased... which begs the question, do we need more of that product? There is availability at trophies including Salesforce, BMO and 300 N. LaSalle. But would a site like Buck's at Madison and Des Plaines or the Crown/Tishman at Washington and Franklin work? Current market conditions say no but how long will it be before the largest "trophy tenants" need more space?

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The retail landscape is continuously changing, particularly in 2024, with evolving trends in dining and shopping. https://lnkd.in/d3uDXEjv #CRE #CBCWorldWide #cbcrgv

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Smart Refinancing: Discover Hidden Cost-Saving Tips Serving the Kansas City metro. Licensed in Kansas and Missouri. #kansas #kansashomes #kansasrealestate #kansasrealtor #kansashousing #kansasrentals #housing #realestate #realtor #kansasrealtor

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What a fantastic article spotlighting Detroit's real estate resurgence! The Wall Street Journal points out key factors like affordable housing, developer incentives, and infrastructure investments that have fueled this transformation. Moreover, it underscores the crucial role of community engagement and collaboration between public and private sectors in turning around the downward trend in real estate markets. https://bit.ly/4b7Gvhg. 

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Modern Amenities: Five Ways Tech Redefines Multifamily Living https://lnkd.in/e_23C4Y2 #Multifamily #PropertyManagement

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USA Data: 10% of real estate agents changed brokerages in the last 12 months. Mike DelPrete insightful article sheds light on the significant movement within the real estate industry, with over 144,000 agents switching brokerages between June 2023 and June 2024. The data underscores the critical role of recruitment and retention strategies for brokerages, especially as lower producers show a higher tendency to switch. Highlights: - High Churn Rate: 10% of agents transitioned to new brokerages in the past year. - Non-Producers: Nearly half of agents sold zero houses in the last 12 months. - Active Agents: 14% of agents actively changed brokerages. - Top Producers: Even agents with $50 million or more in sales had a churn rate exceeding 10%. - Agent Tenure: Newer agents are more likely to switch compared to those with over 12 years of experience. - Office Size Impact: Larger offices (500+ agents) experience a 33% higher churn rate. Real Estate Brokerages need to: - Focus on Retention: Prioritize strategies to retain high-producing and newer agents. - Targeted Recruitment: Develop tailored plans for agents prone to switching. - Support Systems: Implement robust support and career development initiatives for newer agents. - Positive Culture: Cultivate a welcoming office environment to reduce turnover in larger offices. I wonder what the numbers would be in Asia. Markets like Malaysia, Thailand, Vietnam, and Philippines have huge recruitment numbers. I personally know agents who have jumped agencies more than four times within a two-year timeframe. The grass is always greener.....(well, you know where) The point is - 5% of the agents still produce more than 75% of the transactions. Agencies still promote this business as an " earn fast, success overnight" industry. However, the numbers show a different reality. I guess things will only accelerate in this industry, which has more tech, models, methods, and AI. We have more shiny objects to show potential agents. Let the hunger (recruitment) games begin!

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Post-pandemic shifts have significantly transformed Chicago’s Downtown Loop commercial real estate market, creating prime opportunities for businesses with excess office space to consider subleasing. With changing market trends, cost-saving benefits, and rising demand for flexible workspaces, now is an ideal time to explore subleasing options. The lingering impacts of the pandemic have reshaped the way companies use office space, making this moment a strategic opportunity for businesses looking to optimize their space and budget. #Subleasing #ChicagoRealEstate #OfficeSpace #FlexibleWorkspaces #PostPandemicTrends #CommercialRealEstate #DowntownChicago #BusinessStrategy #CostSavings Jameson Commercial Jameson Sotheby's International Realty https://bit.ly/4aUEdSK

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Here's what buyers and sellers can expect as we navigate Q4. It was an honor to spend time at WCCO | CBS News Minnesota and share what the future will look like.

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Illinois Housing Market: Mixed Forecast Ahead 2025 https://lnkd.in/g_Q_32m #100 #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #housingmarket

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May Market Insights As we transition into the heart of the 2024 "Leasing Season", the Metro Detroit office market is demonstrating markedly increased activity, aligning with traditional patterns observed between April and June. This period, known for its increased leasing velocity, is seeing businesses engage more actively in real estate decisions. The stable pace of transactions reflects a market that has adapted to post-pandemic realities.   Current trends show a sustained interest in spaces that support hybrid work models (with most employees in the office 2 to 4 days per week) and enhance operational efficiency, reflecting the ongoing prioritization of quality and flexibility in workspace solutions. As companies recalibrate their office requirements, premium, amenity-rich locations continue to attract tenants, driving a steady flow of leasing activities in remodeled office building with amenities.   As we approach the slower summer months, when leasing inquiries traditionally dip due to vacation season, we remain optimistic about the resilience of the market. This consistent activity bodes well for the stability of the Metro Detroit office sector, promising a seamless transition into the latter half of the year. https://lnkd.in/g4Xy8_y7

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Q3 2024 Suburban Chicago Market Report Suffice it say, the suburban markets are feeling a lot of pain AKA a good time for Tenants and users. Make sure the landlord you are exploring is well capitalized and can deliver.

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Online auctions are gaining traction in the Metro Detroit real estate market beyond just distressed properties. Colliers reports that these auctions are becoming increasingly popular for various types of properties, including residential, commercial, and industrial. The shift to online platforms offers greater convenience and efficiency for both buyers and sellers, allowing for broader participation and faster transactions. This trend reflects a growing acceptance of digital platforms in the real estate industry, presenting new opportunities for investors and property owners in the Metro Detroit area. Read more here: https://bit.ly/3KsmdmR. 

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While a pullback in tenant demand will increase the vacancy rate as new industrial developments are delivered to the market in the short-term, the lack of new supply coming to the market beyond 2024 will drive increased competition for available space in the long-term. Additionally, less competition from developers will present more opportunities for build-to-suit developments.   What does this mean for occupiers of industrial real estate?   In the attached Bisnow article, it mentions, “Space was just flying off the shelves. It was really a ‘if you build it, they will come’ mentality (over the past 3-4 years).” Occupiers of real estate certainly have more leverage in this market than in recent years, but the important question is:    How long is this going to last? Is this going to be short-lived?    #industrialrealestate #businessowners #entrepreneurs #tenantrep #buyerrep

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Unlock your potential in Illinois' thriving real estate market by mastering these essential wholesaling tips! 💼🔑 #RealEstate #Wholesaling #IllinoisRealEstate #PropertyInvestment #InvestSmart #RealEstateTips #SuccessInRealEstate

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🚨 Price Improvement! 🚨 Highly Profitable Themed Bar in a Popular Chicago Suburb Take advantage of this incredible opportunity to own a successful New Orleans-themed bar offering Cajun cuisine, creative cocktails, and a vibrant Mardi Gras atmosphere. This bar is a local favorite, boasting a prime location and a loyal customer base. Key Financials: Sales: $1,080,000 Cash Flow: $369,000 FF&E: $100,000 New Asking Price: $695,000 With minimal marketing, this business has achieved impressive results through strong word-of-mouth and social media presence. Opportunities for growth include enhanced online visibility, sports programming, and event-based marketing strategies to further boost revenue by 10-20%. Don't miss out on this improved pricing for a business with growth potential in a unique niche market! 📩 Message me for more information #PriceImprovement #ChicagoBusiness #BusinessForSale #CajunCuisine #MardiGrasExperience #InvestmentOpportunity #BusinessBroker #GrowthPotential #UniqueOpportunity #RestaurantForSale #BusinessOwnership #TurnkeyBusiness

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Are investors really scooping up all the lower priced single family homes? Is this a factor limiting people's access to affordable homes? This article focuses on markets in Chicago and California. It uses data from a recent Redfin market study , but both miss the real story. The fact is that any investor would tell you that finding a low priced home that you could buy and just turn around and rent out is practically impossible. The vast majority of these "low priced" homes that are bought by investors are houses that are in need of major renovations. Very few home buyers are interested in buying a home that needs a couple months of work before it will be ready to be lived in. Often, the cost of renovation work required may be more than the cost of the house itself. Much of Chicago's housing stock are buildings that may be over 100 years old. The average home buyer does not have the construction expertise, or financial capability to handle a job like this. They need to buy something that is ready for them to move into when they purchase it. Investors often buy houses that are in need of full gut rehabs. After renovation, they may rent them or sell them, depending on the market. Investors can't create or control the market, they just try make money by following it. They provide a valuable service to the neighborhoods by improving the quality of run down housing stock that would otherwise be unliveable. Whether they rent or sell (fix & flip) the houses they purchase, there has to be existing demand in order for them to make money. In order to be successful, they follow that demand. #realestateinvesting #homes #affordablehousing

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Illinois Housing Market: Mixed Forecast Ahead 2025 #EXITStrategyRealty #YourHomeByNatasha #realestate #realtor #dreamhomes #homebuyers #properties #homesearch #realestateinvesting #housingmarket

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Mortgage Rates in Kansas Contact me to discuss the latest scoop in real estate! #kansas #kansashomes #kansasrealestate #kansasrealtor #kansashousing #kansasrentals #housing #realestate #realtor #kansasrealtor

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