Given our lives the past few years it seems like risky business to try and make some predictions.  Nonetheless, here are our Twin Cities commercial real estate predictions for the new year!

A personal note from our founder, Julie Kimble: Anniversaries cause us to pause and remember, and so, as we celebrate this month, here are a few of the things for which I am thankful.

March 1 marks the start of Women’s History Month. After 38 years in the commercial real estate business, it seems appropriate that I make a few comments. First, it’s hard to believe that this much time has gone by! I may have “experience” but this industry has been so enjoyable that I remain energized by the people I meet and the deals and projects yet to be done.

As construction costs increase, developers are investing in prefabrication and modular construction for cost-effective ways to advance multifamily and other commercial developments. We asked our friend and colleague Cathy Schmidt, CEO at Fullerton Building Systems, to provide her thoughts on the advantages of (and changes in) prefabricated buildings related to commercial construction.

Commercial real estate projects include a myriad of variables, from vision and use to market and budget. Projects start with big ideas that are implemented through endless details. After understanding market dynamics and deciding on the product type you want to develop, selecting a site is one of the next steps in the development process.

Julie Kimble and other CRE experts were part of Minnesota REjournal’s State of the Market panel discussions on the industrial, retail and office sectors earlier this month. Here is a summary of key points from each of those market panel discussions.

One of the best attributes of a career in commercial real estate is that no deal is ever the same and the opportunities for creative problem solving are endless. Commercial real estate is most definitely a thinking person’s game. Enter two properties, one an office building and one an industrial building.

As companies large and small decide next steps in return-to-work, it’s important to understand how the negative effects that COVID had on many professional women may impact the future of work. Hybrid options, job roles, diversity training and flexibility will be key drivers of enabling women to re-enter the workforce.

The continuum of pandemic impact on the world has touched every part of our lives. It has touched our homes and our businesses. We spoke with Betsy Vohs, CEO of Studio BV, on the new norm, new expectations for talent in the market and how the pandemic will impact office space moving forward.

Section 1031 is a provision of the Internal Revenue Code that allows business or investment property owners to defer taxes on some exchanges of real estate. Here are some details on a 1031 Exchange and why it matters.

Commercial real estate has been impacted by the COVID-19 pandemic. An industry that was once predicted to soar in 2020 is now starting to see the impacts of the global pandemic. One area where we are seeing change in CRE is in leasing; changes in leasing opportunities are affording companies of all sizes new options that provide cost-saving solutions.

We find ourselves having crucial conversations when we are giving advice to our clients, negotiating deals and even when we work together as a team. Most of the time it is when we are telling one another what we need to hear, not so much what we want to hear. Kate Damato provides a recap of Karen Curow’s insight at the CREW Network Leadership Summit last month on how to identify and prepare for crucial conversations in all areas.

When we think about our world of commercial real estate, and specifically new development projects, we know and understand the enormous number of variables impacting projects and the resulting opportunity for success or failure. To protect your interests and provide the best opportunity for success, add experts to your team that know and understand how to develop a new building. Here are our tips.

In honor of International Women’s Day, it is an absolute joy to take a few minutes to recognize some of our industry peers and admire some amazing women that we know in the commercial real estate industry. These inspiring women remind us to continue to work for change and diversity, together. Thank you for leading the way!

The best office location depends on many things—your business needs and goals, your budget, workforce, commute times and client or customer-facing access, to name a few. Office locations in the suburbs and in urban areas have a host of benefits. Rather than focus on the ‘cons’ of each, here are the positive implications of establishing your next office location or headquarters in urban and suburban areas.

Multifamily has been a preferred investment class whether for development or acquisition for the past few years and while there is certainly cause for caution and tighter than ever underwriting, it appears to be an asset class that will weather the test of time for at least a couple more years.

Challenges and hardships in 2020 taught us resilience we may not have known we had. How did our predictions from 2020 turn out and what will we see in 2021? Our thoughts on social justice, industrial real estate, multifamily, wellness and more.

Each year, the KimbleCo team decides on a theme on which to build and guide us. As an EOS® company, it is important to us to track our actions and write down our goals to keep ourselves accountable so that we continue to grow and move forward. Learn what Promise means to us and why it will guide us in 2021.

A review of your corporate real estate portfolio is recommended each year. Download our free corporate real estate portfolio review checklist that covers many aspects of your corporate real estate including goals, workplace design and planning, leased properties and owned properties.

In a year where most everyone has experienced some form of change, hardship or anxiety about what is next, the KimbleCo team is grateful for our families, friends and clients. In this season of Thanksgiving, we share with you our thoughts on 2020 and what we are most thankful for this year.

The KimbleCo team is fresh off of its annual meeting, a review of 2020 and its look forward to 2021. We had a great year and we thank our clients and supporters for entrusting us with their commercial real estate needs. Learn about our theme for 2021 and the important things we have realized during this year.

In preparation for tenants’ needs and concerns as new development properties begin to open post pandemic and existing properties make changes influenced by new norms, developers and building owners are taking steps to plan for changes in commercial building design—now and for the future.

Last month, Kate Damato moderated a MNCREW panel discussion about the Changing Landscape of Healthcare. The goal of the conversation was to illuminate effects of mental health and the COVID-19 pandemic on the design and delivery of healthcare throughout the state of Minnesota.

Businesses big and small want to attract and retain the best talent possible. During this time of virtual work, employee engagement takes on new challenges. An authentic and personal focus on your team will help to get everyone through a time of challenge.

Learning is tied to excellence. One of the aspects of the commercial real estate industry we enjoy the most is how widely varied it is – providing opportunities for learning and growth each and every day. The personal experience of both success and failure can often be one of life’s best teachers.

Don’t miss the opportunity to reduce cost, mitigate risk and make sure the real estate you have is right for your company. A trusted advisor with well-rounded commercial real estate experience can augment your team and make a real difference.

The results are in and KimbleCo is proud to announce that we have received 4 Reader Ranking Awards this year from Finance & Commerce. Read on to see which categories we were nominated for and where we placed.

What does COVID-19 mean for the workplace? While we will continue to see a need for office space, we’ll also continue to see shifts in the ways in which companies and employees use these spaces. Here are some of our early predictions on how COVID-19 may affect the workplace.

At KimbleCo, we are proud to say that 98% of our business is referral or repeat business. We feel this demonstrates that our core value of excellence shines through with our clients and partners in the delivery of our services. Our take on why nurturing relationships is an essential part of business growth.

While we are still in the midst of what has proven to be a challenging year, we want to take time to reflect on what we’ve seen so far and provide our predictions of what might happen in the future. How can the commercial real estate industry continue to move forward?