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Minneapolis/St. Paul – 2019-2020 Commercial Real Estate Value Trends

Simonson Real Estate

3-legged approach needed for success in retail with bricks and mortars, internet sales, and social media Billboard properties (think crazy high rents or acquisition prices), particularly in upper demographic locations are being sought out by national retailers seeking very specific locations. This has changed from even 10 years ago.

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Residential Appraisals and Airbnb Income?

Appraisal Today

Lenders and AMCs want residential appraisers to value these properties as both the real estate and the business values of these properties – Wrong!! GRM is an Income Approach that applies to homes with long long-term tenants, not homes with many Short Term Rentals. Some of the topics: • USPAP issues. • Functional Obsolescence.