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Archive for August, 2009

The Economy’s Impact on Senior Housing Trends

Thursday, August 27th, 2009

Seniors who have lost their jobs often run a higher risk of foreclosure as their prospects in the job market are more challenging today as more applicants compete for fewer positions. In another 2009 study conducted by United Sample and Golden Gateway Financial, more than 50% of seniors polled said their net worth had decreased by 10% to 30% over the past year. Consequently, it should come as no surprise that 50% of this study’s respondents said they are concerned that their overall net worth may no longer be enough to sustain their retirement and they now plan to retire after the age of seventy.

As a means of coping with this fiscal predicament, many seniors have opted to move in with other members of their families to share living expenses. Intergenerational households also reap the benefit of avoiding the cost of residential care facilities by providing care and support for senior family members at home. In fact, this trend may even pre-date the recession as the U.S. Census Bureau has also released that the number of parents, siblings and other relatives living with the heads of households grew 42% from the year 2000 to 2007.

The housing industry is also taking note of how seniors are rapidly embracing technology and the internet when seeking housing options. A recent survey conducted by the Internet Home Alliance Research Council revealed that 63% of seniors have home offices in their new homes, while an amazing 70% have broadband internet access at home. Further, a survey conducted by International Demographics revealed that 47% of those over 50 years-old utilize the internet on a regular basis, and 70% of those between 50 and 64 years-old are actively online. Finally, a study by Charles Schwab showed that 13 million U.S. adults over 50 years of age have internet access, and this number is growing rapidly. This figure amazingly represents 16.5% of the total online population of the United States.

This significant increase in the utilization of the internet has provided seniors with the means to be more thorough and selective in researching housing options. As a result, senior housing providers are now concentrating their marketing efforts on the internet to attract this steadily increasing demographic. So despite the obstacles that recent economic conditions have created, seniors are quickly adapting to the times by cutting costs and becoming more technologically savvy. Since these trends are showing no signs of slowing, the housing industry must continue to quickly adjust to meet the needs of this tremendous segment of the nation’s population.

Looking For Office Space

Wednesday, August 5th, 2009

If you are a looking for office space in todays day and age you are in luck. With more and more people going into business, the need for office space has never been so much in demand. There are companies renting out entire offices, as well as individuals who are simply in need of one office. And you do not have to worry about the supply at this point. Every year, thousands of new office buildings are being built in the United States. And in the bigger cities, these offices are being rented out before construction is even complete. This pre-selling of space is a common practice on commercial real estate.

If you are looking for office space the first thing you may want to do is search your local newspaper classified ads. If you live in a larger city, you are sure to have hundreds of options at your finger tips. It may be slightly more difficult if you are looking for an entire building to rent out. But this is still very possible with the speed that office buildings are being built today.

If the newspaper does not work out for you, take a drive. All you need to do is go out to one of the corporate office parks and ask around. Most of these parks will have some empty offices. They often consist of many buildings, so you will probably have your choice of what you want. It is now a buyers market so you have the upper hand in negotiating leases, locations, size etc. The internet can also be a great place to search for offices.

Offices is no longer difficult to locate. At this point, the most difficult decision is which office you are going to relocate to. And remember, if you do not find anything you like, just wait for the next office building to be built in your area. Office spaces, even whole buildings are available in abundance. The time has never been better to find the perfect space to suit your needs today, and well into the future.