In what might be a sign that traditional industry is increasingly becoming digital, the developer of an industrial estate is making telecommunications and data processing a fundamental component of its offering.
Traditionally, the priority for industrial estates have been to provide good road and other transport networks. Nowadays, data networks are sometimes even more important to companies of all types – including those in the manufacturing sector.
Bannon Investment Group, which is developing the 85-acre Elk Grove Technology Park near Chicago O’Hare Airport, says the estate will one of the largest of its kind in the US. Continue reading Billion-dollar industrial estate to feature data centre infrastructure as part of its offering
By Tim Jennings, president, Custom Case Group
Are drones a necessity in the real estate business or are they an extra?
The clearest and quickest way to answer that question is to present a few compelling pieces of information:
- When the Federal Aviation Administration handed out its first 1,000 commercial drone operator exemptions a couple of years ago, 35 percent were to operators in real estate marketing.
- The Multiple Listing Service has reported that properties featuring aerial images sell about 68 percent faster than do properties featuring only non-aerial photos.
- According to the National Association of Realtors, 73 percent of homeowners said they’d be more likely to list with an agent who incorporates video in marketing their home.
- In March 2016, Goldman Sachs released a report saying the global drone market is expected to grow to $20.6 billion in the next five years.
- Many analysts are saying last summer’s FAA commercial drone ruling will result in a dramatic expansion of drone use in the real estate industry this year.
And that’s just the tip of the iceberg. The bottom line is: If you haven’t incorporated drones in your operations yet, it’s time to get the process started. Continue reading The pros and cons of using drones in the real estate business