How is COVID-19 affecting real estate?

Virtually every industry in America has been affected by COVID-19, including real estate. The pandemic has caused serious hardships for most people, clipping their ability to earn income regularly. Likewise, business owners have to dig deep into their savings just to prevent bankruptcy. Thankfully, the government is coordinating with agencies to mitigate the effects of the pandemic on our economy. But unlike most sectors, real estate is often the most volatile during economic hardships, according to Steven Rindner. How is COVID-19 affecting real estate?

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Decreased number of buyers: In a recently released study by the National Association of Realtors, 78% of realtors reported no change in buyer behavior. However, 16% have lost interest in buying properties during this period. But by March 16, many realtors claimed that buyers suddenly lost interest in purchasing residential properties. In heavily hit areas like New York, open house attendance has dropped significantly.

Diminished transactions: Because of the lockdown and orders to stay at home, fewer properties have been closed by realtors. Not only this, but the entire process of buying real estate had also been affected by these changes. This includes appraisers and inspectors being unable to do their jobs properly, and realtors holding tours and open houses.

Uncharted territories: Because of how unprecedented this outbreak has become, more and more buyers are choosing to hold on to their money right now. According to Steven Rindner, fear of getting sick and needing funds for possible healthcare expenditures. With the increasing cost of healthcare today, this mindset cannot be helped.

A graduate of the University of Delaware and St. John's University School of Law, Steven Rindner has served in various companies across different industries. He is also a fan of marathon running. For more information about Mr. Rindner, visit this page.

The profitable structures in the realm of commercial real estate

The greatest commercial real estate moguls have a few things in common, one of which is that they know what kind of building they want to build. Some investments are more profitable than others.

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On that note, Steven Rindner shares the profitable structures in commercial real estate.

Office buildings: Office buildings have always made real estate investors a lot of money. From low-rise structures to skyscrapers, companies rent out spaces at incredible prices. The better the location, the bigger the profit.

Malls: Of all the retail buildings, the mall has risen to be the king in terms of profit. Today, malls have gone on to be superstructures that span hundreds of thousands of square feet, housing hundreds of stores that pay top dollar for rent.

Hotels: The greatest structures of the hospitality industry, hotels are as strong as ever, even with alternative means of accommodations opening up such as B&Bs and hostels. Every year, millions of tourists visit an area just to stay in a hotel or resort.

Warehouses: Harris Scott Kreichman mentions just how underrated warehouses can be. First off, they are not as expensive to build as other structures on this list. Because of this, profits for renting out warehouses can be through the roof.

A graduate of the University of Delaware and St. John’s University School of Law, Steven Rindner has served in various companies across different industries, real estate included. He is also a fan of marathon running. Visit this page for similar reads.

An exploration of the benefits mixed-use properties

While mixed-use properties have been around for decades, perhaps even centuries, it hasn’t experienced the popularity it does nowadays not just in real estate developers and investors’ circles, but also with everyone else. For this blog, Steven Rindner focuses on some of the main benefits of mixed-use properties.

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Flexibility for sellers and investors: Real estate agents have quite a flexible experience selling mixed-use properties as it can appeal to people looking for either commercial or residential spaces. Planning mixed-use property construction is also quite attractive to investors because of the potential profit and more diverse portfolios.

Cross-appeal for residents and tenants: Mixed-use properties are appealing to residents because of the proximity of many businesses. Whether it be restaurants or shops, residents see these establishments being close to where they live is a huge bonus as they no longer need to travel that far. For business owners, residents living just above their places of business represents a whole new market.

Sustainability for office workers: People who both work and live in a neighborhood filled with mixed-use properties know all too well the convenience of simply walking to one’s office. It eliminates the need for using the car or commuting. It’s also good for one’s health and great for the environment.

What about you? What other benefits can you think of that mixed-use properties bring to the table? Feel free to share your thoughts with Steven Rindner in the comments section below.

A graduate of the University of Delaware and St. John’s University School of Law, Steven Rindner has served in various companies across different industries, real estate included. He is also a fan of marathon running. Visit this page for similar reads.

How do health economists impact the healthcare sector?

Economists are often the ones who dictate the prices of commodities based on complex equations and realities like current prices of goods, and the remaining stock of raw materials. The same can be said about the healthcare industry. While people are claiming that the United States has one of the most expensive healthcare systems in the world, health economists can justify the prices. According to Steven Rindner, health economists help determine prices across the healthcare sector. Here are some examples of the goods they impact.

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Medical services

Hospitals, clinics, and other healthcare facilities all offer services. Medical treatments, consultations, hospital stays, emergency room admittance, and therapy sessions are just a few of the many services hospitals have to offer. Of course, physicians have to be paid, as well as the support staff. Likewise, utilities have to be managed. Health economists help hospital management come up with reasonable rates to charge patients to keep the hospital afloat.

Pharmaceuticals

While the pharmaceutical industry is one of the biggest moneymaking businesses in the US today, health economists are actively trying to curb practices that allow business owners to exploit the prices of key products like EpiPen. For example, in the US, generic EpiPen can cost up to $300 while in the UK, a single dose goes for about $40. Besides prices, Steven Rindner states that health economists also conduct behavioral studies on smoking and vaping, fasting and diets, and other health-related activities.

Steven Rindner is a business executive with a strong background in business development and growth strategy in media, technology, real estate services, and healthcare. For similar reads, visit this blog.

The incredible collaboration between healthcare and technology

With Industry 4.0, the Internet of Things, and all the other technological advancements and milestones the world has witnessed in the past three decades, it has taken along almost every industry for an unbelievable ride on the path towards progress. Perhaps, one of the most evident effects of IT and technological evolution can be seen in the healthcare industry, according to Steven Rindner.

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In the healthcare industry, technology has evolved to a point where automation of operations, digitization of data, and the instant communication between healthcare professionals and patients are not just possible, but they are considered normal.

The key here for many healthcare establishments and professionals is having a strong and reliable IT infrastructure. Fortunately, hospitals, clinics, and other healthcare institutions have already recognized the need for a sound IT infrastructure and have installed the proper hardware and software for optimum use.

The benefits technology has given the healthcare industry, though massive, are also just the tip of the proverbial iceberg. Steven Rindner agrees with many IT experts and medical professionals that ease of communication and digitization of files will inevitably lead to increased efficiency in many facets of healthcare, which include training, diagnosis, surgery, and many more areas.

However, the advancement of technology in the healthcare industry doesn’t mean that robots and computers will be replacing workers. There are still things that humans can do that hardware and software cannot. That said, the sky’s the limit once healthcare professionals master the best of what technology can offer.

Steven Rindner is a graduate of the University of Delaware and St. John’s University School of Law. He is now a business and corporate development executive with experience in media, technology, real estate services, and healthcare businesses. Follow this page for more on Steven and his interests.