Happy Thanksgiving from NAI FMA Realty!

On behalf of NAI FMA Realty, I would like to wish you and your family a happy and safe Thanksgiving Holiday!

Our office will close for the holiday at 5:00pm on Wednesday, November 24th and will reopen for business on Monday, November 29th at 8:00am. 

For any emergencies, we can be reached through our main number at 402-441-5800.

Steady Improvement Predicted for Commercial Market

The commercial market is expected to see improvement in the near future according to NAR's Chief Economist Lawrence Yun in the Realtor.org article "Steady Improvement Predicted for Commercial Market". 

Yun commented he has seen progress towards a recovery in the commercial market but stated the market still faces many challenges.  He points out:

• Banks are at a profitable level again but are still selective as to who they lend to.
• Job creation is improving, however, more needs to happen to have a bigger impact on vacancy.
• Corporate profits have returned to normal levels but businesses are still not spending due to their uncertainty of the future.

With the commercial market continuing its steady upturn, Yun predicts rent stabilization and positive net absorption for 2011.

Friday's Featured Listing - Commercial Property in Crete for Sale with Excess Ground

2151 Cardinal Lane, Crete, NE

Commercial property adjacent to Wal-Mart in Crete is for sale at $2,100,000.  This property includes a 8,500 square foot building with 11 Acres of excess ground.  A user could buy it all or it can be sectioned off.  For more details on the property, click here or contact Chris Vasek at 402-441-5833.

Buy Now, as Retail Stock Likely Limited by Xmas

If you are a last-minute shopper for Christmas gifts, you might want to rethink your strategy this year.  GlobeSt.com stated in an article "Buy Now, As Retail Stock Likely Limited by Xmas" that retailers have learned during this recession to be more efficient on their space requirements not only for stores but warehousing.  Many stores have already purchased in the 3rd quarter their stock for Christmas and will not look to restock until the first of the year.  I have seen some retailers already advertising "Black Friday" pricing now to capture your dollars early before the biggest retail day - the day after Thanksgiving.  So the bottom line is...if you wish to buy a "hot item" come December, you might be forced to look at other alternatives for the gift.  Buy now!

Friday's Featured Listing - Excellent Retail Corner for Sale!

The property at 2619 Holdrege is available for sale $250,000 and an excellent candidate for redevelopment!  The 3,340 square foot building could be ideal for a small grocerer, daycare or other retail uses.  No sit down restaurants allowed due to parking constraints.  To view details on the property, click here or contact Sally DeLair at 402-441-5822 to tour.

City Council Approves Experian Building Purchase

The City Council approved the purchase of the Experian building located at 940 W. Bond by a 5 to 1 vote Monday night.  The final price of the 355,000 square foot building on 20 Acres is $6.375 Million - $115,000 less than expected.  Mayor Beutler hopes to turn the building into the Public Works Campus.  To read the full Journal Star article, click here.

Diverse businesses help Nebraska through tough times | REJournals.com

The commercial real estate markets in Omaha and Lincoln are still sluggish across both cities.  But brokers are hearing the phones ring again.  Tenants are looking for bigger spaces to expand into. Others are looking for better locations for their businesses. 

Read more on how each of those markets are fairing in the article featured on REJournals.com.  "Diverse businesses help Nebraska through tough times".  Tom Graf, NAI FMA, was interviewed for the Lincoln segment.