#significance of Rent in the time of COVID 19

[jorabrart]

Please read if you’ve got a second.

Hey folks, I hope you're all safe. Apologies in advance for my english.

Since it's the first time I do this I have to introduce myself. Hello, I'm Jordana, a visual artist and industrial design student from Argentina. I'm making this post because of what's been happening in my country.

The current (25-May-2024) situation of political and economic uncertainty in my country is having a very profound impact on the lives of its citizens (me included). For the last ~8 years, Argentina has been dealing with several socioeconomic and political challenges. The economy had experienced periods of high inflation and currency devaluation. The COVID-19 pandemic also had a significant impact on the country's economy, intensifying these pre-existing problems. However, since last December, these conditions have been exacerbated.

The current far-right government (see also link)(vehement Trump and Musk' admirers, pro exploitation of national natural resources by the UK, USA and Israel, anti feminism, anti pro-choice and anti LGBTQ+, to name a few things that best describe them), has taken very controversial measures regarding economic and political management.

In the last six months the cost of living multiplied exponentially, while the unemployment rate does not stop growing, the value of the local currency is depreciated and salaries are not enough to cover basic expenses. Just so you understand, currently 1U$D is worth around $1200 Arg pesos. This value fluctuates everyday, it is constantly increasing but rarely decreasing. While an average salary here is around 200U$D a month (yes you read that right), the cost of living (for the most basic consumption of food, rent and services) has risen to over 850U$D-1000U$D a month. Because of these huge exchange rates + inflation everything costs twice, thrice the amout I'd cost abroad. Of course, this in turn has a direct impact on employment and wages and prices. The current government has taken measures like: dysregulating food, technology, rent, healthcare and other essential services’ prices, allowing mass layoffs without consequences, and more. Because of this there's been massive layoffs across the country and the supply of jobs is increasingly scarce. Not to mention the fact that in most cases wages can barely cover rent and food, if anything.

⚠️ Here's where I ask for your help. At the moment, I’m living with my parents and sisters, and we’re having a hard time making ends meet. Without any luck, I've been job hunting for a while now, but I am still currently unemployed.

As previously mentioned, I am an artist without a large following. I am currently looking to open commissions in the hopes of making some money to help me and my family get through this and for preparation in case we have to move elsewhere. I'm afraid that leaving the country will be the only solution for many of us.

I am receiving tips and donations as well!

I know everyone is giving their money to important causes right now, but if you're able I'd really appreciate any help at all to help my family and I. With the exchange rates for many of us, even a small donation could help in a big big way, you don't need to donate a lot.

Here is where you can donate:

💚Ko-fi: https://ko-fi.com/jorabr

💚Paypal: https://www.paypal.me/jorabr

I know I'm asking a lot of everyone, and I appreciate so so so much all the help. Please know that I am so grateful.

Please reblog if you can. Signal boosts will always be appreciated!

[mariacallous]

Does the U.S. have a housing crisis?

The cost of housing in the U.S. has risen steeply in the last four years, both rents and the cost of purchasing a home. As with all markets, prices are determined by the relationship between supply and demand. Right now in the U.S., demand is out-pacing supply, especially in metropolitan areas, and thus driving up prices. That means a larger and larger share of income is going to pay for housing: For low-income renting households, about a third of their expenditures go toward rent. For those reasons, many are describing the current situation as a “housing crisis.” 

What’s driving the housing price increase?

On the supply side, in some areas there just aren’t enough units. Estimates vary, but experts broadly agree that the U.S. has millions fewer units of housing than American families need. A big part of this is long-term issues related to zoning: A tapestry of city and state single-family zoning laws across the country prevent construction of more affordable, denser housing units in many neighborhoods – 75% of residential land in the U.S. is zoned for private, single-family homes.

There are more recent issues driving the demand side of the equation. For one, the COVID-19 pandemic increased demand for larger homes, so new construction homes have been larger and more expensive.  The pandemic also changed where people want to live. That means less demand in some places and more in others, including suburban areas with large plots, and so new construction will take some time to catch up.

What can we do about it?

Much of the problem is at the state and local level. When it comes to federal policy, economists generally agree that a key part of the solution will be a mix of measures to boost the supply of affordable housing. The presidential candidates and other policymakers have floated a number of ideas that aim toward this end. Vice President Harris’s argues her proposals would mean the construction of 3 million new housing units over four years. Those proposals include an expansion of the Low-Income Housing Tax Credit to subsidize building of affordable homes and a $40 billion fund for the use of providing incentives for state and local governments to come up with innovative solutions, which could include changes in zoning practices and housing regulations.  Former President Trump’s campaign has also proposed eliminating regulations to increase supply but has offered no details on how.   

On the other hand, several proposals floated by the campaigns would solve some problems but create others. Harris’ plan to offer $25,000 to some first-time home buyers would help those households afford downpayments but would stoke demand in the home purchase market—which is already unsustainably tight. The suggestion by the Trump campaign that mass deportations would decrease demand for housing doesn’t contend with the significant disruptions that would entail. Just for starters, home builders would face a reduction in labor supply. And Trump’s idea to ban mortgages for undocumented immigrants is targeting a trivial number of mortgage borrowers but would create more of a paperwork headache for all mortgage borrowers, which would just make renting more attractive.

Researchers have also come up with a number of innovative ideas to increase the supply of housing. For example, the Hamilton Project recently published a proposal to convert offices, many of which are underutilized post-COVID, to apartments. This approach would have the additional benefit of producing 50-75% fewer carbon emissions than demolition and new construction.

While home sale prices have leveled off recently, homeownership is still out of reach for many, and rent prices have continued to climb. The November election will be consequential for determining which policies the government enacts to make housing more affordable. 

[samsinghtripler]

Sam Singh Tripler - Best Techniques To Generate High-Quality Leads In Dubai’s Real Estate

Dubai's real estate market has been on a rollercoaster ride in recent years, with highs and lows that have left many industry experts wondering what the future holds. As one of the fastest-growing cities in the world, Dubai's real estate sector has experienced tremendous growth over the past decade. However, the COVID-19 pandemic has had a significant impact on the industry, leading to a decline in demand and a substantial drop in property prices. So, what does the future hold for Dubai's real estate market, and how can industry players navigate the current climate?

Expertise in the Field

Developing a different area of expertise and carving out a niche within Dubai’s real estate industry can prove incredibly advantageous for cultivating a positive and good reputation. Given the trust in word-of-mouth referrals in this sector, establishing oneself as a market authority can facilitate meaningful connections with serious buyers. A tailored specialty may range from a fundamental focus on first-time home buyers to an elevated emphasis on luxury properties. Additionally, narrowing one's view and specializing in a particular area or community can also effectively set oneself apart from competitors.

Partnership Plays a Vital Role in a Successful Business in Dubai’s Real Estate

Collaborating with professionals outside the realm of real estate presents an opportunity to acquire valuable insights and connections. By establishing a mutually beneficial relationship, these individuals can refer prospective clients to you, secure in the knowledge that you will reciprocate with your own clientele seeking to purchase, sell or rent a property. There are numerous sectors in the UAE where real estate agents can form advantageous partnerships, including Sam Singh Tripler. This is a reliable lead generator company for the real estate business. They can help you increase your leads that can turn into sales and profit. Sam Singh Tripler is composed of professionals in lead generation, so you are assured of the best outcomes.

Concentrate on Referrals

The real estate market benefits greatly from the invaluable contribution of referrals, which serve as an integral component in generating leads of superior quality. According to the National Association of Realtors in the United States, homeowners provide referrals to their agents at a rate of at least two times per year on average, and 40% of homebuyers have engaged the services of an agent who has been recommended by an acquaintance or family member. These leads are particularly unique as they tend to seek counsel from a single agent, specifically the one to whom they have been referred.

[munesh01]

Expanding Office Spaces: A Strategic Move for Growth

In the dynamic world of commercial real estate, businesses are always on the lookout for innovative solutions to cater to their operational requirements. One such business making waves in this sector is Smartworks, a prominent player in the flexible workspace solutions space. Smartworks recently hogged the headlines by taking on a whopping 470,000 square feet of office space on lease in Gurugram, a development that indicates its aggressive plans before an imminent IPO launch. This piece explores the significance of this growth, the flexible workspace trend, and what it portends for the future of work.

The Rise of Flexible Workspaces

Flexible workplaces have become the most sought-after concept in modern times, all thanks to changing work culture scenarios. With emerging trends of working from home and the gig culture, companies need flexible office setups that can also be adjusted based on their altering requirements. The flexible workplace ensures a variety of advantages, starting from cost-saving to scalability along with the generation of collaboration-based teams.

Smartworks has become a leader in this industry by offering companies the space they require to excel under a competitive framework. The leasing of 470,000 square feet in Gurugram over the past months indicates increasing needs for such buildings, especially around city areas where companies seek a dominant presence.

Strategic Location: Gurugram

Gurugram, commonly known as the Millennium City, has become a key destination for India's businesses. Its proximity to the country's national capital, Delhi, a strong infrastructure, and an educated labor force make it a hot destination for entrepreneurs who want to establish facilities. Smartworks' move to rent a large block of office space in this area reflects how strategically crucial Gurugram is in the larger picture of India's growth.

The new office facility is anticipated to serve a wide range of clients, from startups to big businesses. With flexible workspace offerings in a convenient location, Smartworks hopes to appeal to businesses seeking contemporary, well-facilitated offices that can easily adjust to evolving needs.

Implications of the Lease

Securing 470,000 square feet of office space on lease is no easy accomplishment, and it speaks volumes of the optimism Smartworks has towards the future of the flexible workspace industry. This is not merely a case of increasing physical footprint; it is also a careful move that will help the company prepare for growth in the near future.

1. Meeting Demand: Demand for flexible office space has increased exponentially, especially after the COVID-19 pandemic. With businesses rethinking their office requirements, many are turning towards flexible options that enable them to grow or shrink depending on their needs. Smartworks' new lease puts it in a position to capitalize on this demand.

2. Increasing Offerings: With the expanded space, Smartworks can increase its service offerings, offering more options to clients in the form of private offices, co-working areas, and meeting rooms. This variety can attract more clients and boost revenue streams.

3. IPO Readiness: In preparation for Smartworks' impending IPO, this expansion is an astute move to highlight its growth prospects in front of the investors. With the proof that it can take up huge office space in a high-demand area, the firm can build confidence among the investors and mark itself as a dominant player in the market.

The Future of Work

The workplace of the future is marked by flexibility, teamwork, and creativity. With companies shifting toward changing ways of work, flexible office solutions are going to keep gaining momentum. Smartworks is strategically poised to leverage this phenomenon by providing companies with the necessary infrastructure to excel in an evolving context.

1. Hybrid Work Models: The development of hybrid work models, which involve employees working from home part-time and meeting in the office part-time, is transforming how businesses manage their office requirements. Smartworks' flexible workspace solution is perfect for companies seeking to adopt such models, offering the required infrastructure to facilitate both remote and office employees.

2. Collaborative Focus: Today's workplaces are envisioned to promote collaboration and creativity. Smartworks' latest office space will most probably feature collaborative spaces, breakout rooms, and facilities that promote teamwork and innovation. This collaborative focus is important for companies seeking to boost engagement and productivity in their teams.

3. Sustainability and Wellness: With increasing awareness of the environmental footprint of companies, there is an increasing focus on sustainability in office design. Smartworks can ride this wave by integrating sustainable methods into its new office, designing a healthier work environment for staff.

Conclusion

Smartworks' leasing of 470,000 square feet of office space in Gurugram is a major milestone that marks the company's dedication to expansion and innovation in the flexible workspace industry. As companies evolve with the shifting realities of work, the need for flexible office spaces is bound to increase. Smartworks is uniquely placed to service this need, providing companies with the facilities they require to compete in an evolving environment.

As the company gears up for its IPO launch, this strategic expansion not only reflects its growth prospects but also emphasizes the role of flexible workspaces in the future of work. With an emphasis on collaboration, sustainability, and flexibility, Smartworks is poised to be a leader in defining the future of office spaces in India and globally.

Overall, the face of commercial real estate is changing, and companies such as Smartworks are leading the charge. By being open to innovation and flexibility, they are not only catering to the demands of businesses today but also to the way work is going to be done in the future. In the future, it will be intriguing to see how these trends continue to develop and influence the way we work.

[stevenross0]

Exploring Mississauga’s Rental Market

Mississauga, Ontario, has long been recognized as a thriving suburban city nestled on the shores of Lake Ontario. With its proximity to Toronto, a growing population, and an abundance of amenities, it’s no surprise that the home for rent in Mississauga is bustling. Whether you’re a first-time renter, a seasoned real estate investor, or someone simply considering a move to this dynamic city, understanding the local rental landscape is essential. In this blog, we’ll take a comprehensive look at the current rental trends, average prices, and offer some valuable tips for navigating the Mississauga rental market.

Mississauga: The City of Opportunity

Before diving into the specifics of the rental market, it’s important to recognize why Mississauga continues to be an attractive destination for renters. Mississauga is one of Canada's largest and most diverse cities. It boasts a highly educated workforce, proximity to major international airports, top-rated schools, and a wide array of recreational options. Residents also have access to world-class shopping, dining, and cultural experiences, making it a perfect place for those seeking both convenience and quality of life.

As the city grows, so does the demand for housing. Mississauga's rental market is highly competitive, with new renters constantly entering the scene, either for the long term or looking for more flexible, short-term solutions.

Trends in Mississauga's Rental Market

In recent years, several key trends have emerged in Mississauga’s rental market. Understanding these trends is critical for anyone considering renting a property in the city. Below are the most notable:

1. Increasing Demand for Rental Properties

Mississauga is experiencing a growing demand for rental properties, largely driven by its proximity to Toronto, one of the most expensive housing markets in Canada. Many individuals and families who find the cost of homeownership in Toronto prohibitive have turned to Mississauga as a more affordable alternative. The city offers a wide range of rental options, from condos to townhouses, to detached homes, catering to a diverse pool of renters.

2. The Rise of Luxury Rental Units

As the city matures and attracts more professionals and affluent families, there has been a noticeable rise in the number of luxury rental units in Mississauga. These properties are typically located in prime areas like the city center, close to amenities, transit, and employment hubs. Luxury rental buildings often include high-end finishes, concierge services, and various building amenities such as gyms, pools, and rooftop patios. This segment is expected to continue growing, as more people are looking for premium living spaces without the commitment of homeownership.

3. Short-Term Rentals Gain Popularity

While long-term rentals have traditionally dominated the market, there has been a surge in demand for short-term rental options in Mississauga, particularly in the wake of the COVID-19 pandemic. The rise of remote work has made flexible living arrangements more appealing, and renters are increasingly seeking shorter leases that allow for more mobility. Platforms like Airbnb and Vrbo have made it easier to find these short-term accommodations.

In addition to the popularity of standard short-term rentals, there has been significant growth in the demand for short-term furnished apartments Mississauga and furnished condos Mississauga. Many renters, particularly those relocating for work or study, prefer these fully furnished units as they eliminate the hassle of moving furniture and settling in for a shorter stay.

[kneescooterusaa]

Knee Scooter USA

Knee Scooter USA

Knee Scooter USA (Denver) provides Knee scooter rentals with immediate pickup 8am-8pm 365 days. We stock Standard and All-Terrain knee scooters. Rentals are done online only. After you place an order on our website we’ll have your knee scooter ready within 5 minutes and text you with pickup instructions. You won’t need to meet with anyone or you can even send a friend to pickup for you. We make it easy and affordable to get a knee scooter TODAY! All scooters have comfortable 3 inch cushions, a large basket, dual locking brakes and fold down for easy transport. We rent from home which keeps our costs low and we pass the savings on to you. Sorry, we don’t deliver.

Denver Knee Scooter Rental

Knee Scooters available for immediate pickups 8am-8pm

Welcome to Knee Scooter USA!

Established in 2019 in Monument, CO, under the original name “Knee Scooters for College,” our company was founded by Rob Urban after he broke his ankle while mountain unicycling (Yes, he was on a unicycle on mountain bike trails). He struggled on crutches for over 2 weeks looking for a comfortable, lightweight, all-terrain knee scooter but couldn’t find one. Eventually he ordered one on Amazon but the quality was so cheap he ended up returning it. This experience sparked the vision of creating a company to rent quality knee scooters to people with foot and ankle injuries and have them available on a moment’s notice, 365 days a year. Rental sales are used to save for his boys’ college and they help out with the maintenance of the scooters.

We started doing online rentals and “contactless” SMS pickups/returns in December 2019 right before Covid-19 swept through the country. We still do contactless pickups and returns because the process is so easy and automated and customers love the convenience of getting or returning a scooter at their convenience without the need of scheduling an appointment.

Since then we’ve expanded to several states and have local scooter hosts who help us with cleaning, sterilizing and maintaining our fleet of scooters. Our mission at Knee Scooter USA is to provide a super-convenient knee scooter rental service that offers top-quality scooters at an affordable price and available on a moment’s notice (within 5 minutes of placing an online order). We understand the difficulties that come with foot and ankle injuries and surgeries and we’re dedicated to offering a mobility solution that makes the process as easy and convenient as possible while offering top-quality, comfortable scooters.    At Knee Scooter USA, we have invested significant effort into researching and testing various knee scooter models available on the market. Our rigorous evaluation process allows us to offer only the most comfortable and reliable models, catering to a wide range of riders’ heights and weights. When you rent from us, you can feel rest assured that you will receive a top-notch knee scooter that meets your needs. Our rental process is seamless and hassle-free, conducted entirely online. Once you place your order, you’ll get a text message that your knee scooter is ready for pickup, with pickup instructions. You’ll be able to promptly pick up your knee scooter from our convenient locations, available every day of the year from 8 a.m. to 8 p.m.

Our customers typically need a knee scooter for several weeks. Knee scooters are recommended by doctors over crutches because they aid your recovery and minimize recurrent injuries. A knee scooter can significantly enhance your mobility while you recuperate from injuries such as a broken ankle, ankle surgery, broken foot, foot surgery, ankle sprains, tendon injuries, bunions or diabetic swelling. If any of these injuries apply to you, we have you covered!   In times of distress and difficulty, the last thing you need to worry about is renting the right knee scooter. That’s where Knee Scooter USA comes in. We aim to make the pickup and return process easy and stress-free. Moreover, our rental rates are designed to be affordable, easing the financial burden during this challenging time. Having personally experienced an injury myself I fully understand the importance of reliable support and empathetic service. At Knee Scooter USA, your well-being is our priority, and we are committed to helping you regain your mobility and independence as smoothly as possible.   Thank you for choosing Knee Scooter USA. We look forward to assisting you in your journey toward a speedy recovery. If you have any questions or need further assistance, please do not hesitate to reach out to our friendly team.

Robert Urban President Knee Scooter USA

Knee Scooter Rentals Denver

Knee Scooter Denver

contact us

Knee Scooter USA https://kneescooterusa.com/locations/co/denver/ ADDRESS:  3605 S Roslyn Way Denver, CO 80237, United States PHONE: (208) 408-1888

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[affordabletobaccoaustralia]

How to Set Up a Tobacco Store Online

A tobacco store online is a retail business that sells cigarettes and other tobacco products, as well as accoutrements such as lighters, matches, and pipe cleaners. These stores also commonly sell cigars and smokeless tobacco. They may also sell items irrelevant to tobacco, such as puzzles, games, and confectionery.

FDA tobacco retailers are subject to inspection and must comply with regulations. Tobacco retailers can check inspection results for their establishments in a searchable database.

Legality

Tobacco sales are subject to many laws and regulations. Local, state and federal governments regulate tobacco advertising to prevent underage purchases, and some states have additional tax requirements for online or mail order tobacco products. Tobacco retailers are also required to have strong age verification and document verification systems in place.

The internet is revolutionizing the way people shop, and the tobacco industry is no exception. Many tobacco and vape stores have moved their business to the web to reach a wider audience, saving on overhead costs. However, the internet has not made it easier to break the law. The FDA has strict laws on how tobacco is sold, and it is easy to track and follow sellers that do not comply.

The best solution for tobacco retailers is a robust point of sale (POS) system. This ensures compliance with the PACT Act and other state regulations. Modern POS systems are also designed to make the process of verifying customer identification during delivery much faster and more convenient.

Safety

Online tobacco sales are an ongoing concern for the US Food and Drug Administration (FDA), which regulates the manufacturing, distribution, and marketing of cigarettes and vapor products. These online purchases take place without buyers interacting with sellers face to face, making it easy for minors to buy tobacco and vapor products without having their ages verified.

To help prevent underage sales, many online retailers use age verification technology to ensure that customers meet the legal age requirements. These systems often include advanced algorithms that cross-reference customer information against reputable databases. They also offer features to improve the user experience.

To reduce the risk of selling tobacco to underage people, online smoke shops should be transparent about their age restrictions and shipping limitations on their websites. They should also avoid using images or language that could appeal to minors. Moreover, they should be able to integrate these checks into their point of sale system, reducing compliance burdens and making the process easier for the staff.

Costs

Whether you’re interested in opening your own tobacco store or simply want to buy pipe buy tobacco online, there are many costs associated with getting your business up and running. The most significant cost is the initial investment in inventory, which typically includes cigars, cigarettes, and vaping supplies. Other expenses include rent, utilities, and staff wages. To minimize these costs, consider purchasing a fullyfeatured point of sale (POS) system that will process sales transactions and track inventory levels. The average cost for this system is about $100 per month plus a one-time investment of around $1,000 for hardware.

Taking sales online is a must for brick-and-mortar tobacco retailers, as it allows them to serve customers beyond their local area. This is especially important in areas with COVID-19 lockdowns, limited operating hours, and transient customer traffic. In addition, selling online may help overcome payment processing restrictions that prevent some retailers from offering tobacco and e-cigarette products in certain states or regions.

Convenience

Online shopping provides the convenience of finding a wide selection of products, comparing prices, and making purchases without leaving the comfort of your home. In addition, many online tobacco sellers are reputable and provide secure payment gateways. They also require a buyer to confirm their age and identity to ensure that they are of legal purchasing age.

Retailers that carry tobacco products can use promotions to boost sales and encourage repeat visits. For example, offering a discount on a customer’s next purchase can help drive loyalty and increase brand recognition. Tobacco retailers can also promote flavored tobacco products to attract younger customers. These flavored products appeal to younger demographics and add variety and novelty to the smoking experience.

If you’re considering launching an online tobacco store, consider using a C-Store POS to streamline your business processes and ensure compliance with tobacco laws. A modern point of sale system offers features like cigarette scan data integrations and helps you manage promotions, age verification, and inventory management.

[sanketcommunications]

The Future of Advertising: Benefits and Challenges of Remote-First Agencies

The advertising world is no stranger to change, and the rise of remote-first advertising agencies is among the most significant transformative trends of recent years. The COVID-19 pandemic accelerated the shift to remote work, leading many agencies to adopt a remote-first approach that enables their teams to work from any location. But is this the future of advertising, or merely a passing trend? In this blog let’s explore the pros and cons of remote-first advertising agencies.

What is a Remote-First Advertising Agency?

A remote-first agency is an organization that emphasizes remote work as its central mode of operation, fostering a flexible and dynamic work environment. Unlike traditional agencies that have centralized offices, remote-first agencies depend on digital tools for project management, collaboration, and communication. While some of these agencies may opt to have physical office spaces, these locations usually serve a supplementary role, enabling occasional in-person interactions rather than defining the core of their operations. This approach allows for a diverse talent pool and promotes work-life balance, as team members can connect and contribute from anywhere in the world.

The Pros of Remote-First Advertising Agencies

1. Access to Global Talent

Remote-first agencies can now hire talent from anywhere, making their workforce more diverse and skilled. This global approach fosters more creative and culturally relevant campaigns.

2. Cost Efficiency

Operating remotely reduces overhead costs, such as office rent, utilities, and maintenance. These savings can be reinvested into resources, technology, and competitive salaries for employees.

3. Flexibility and Work-Life Balance

Remote-first setups offer employees the flexibility to work from anywhere, enabling better work-life balance. This can boost employee satisfaction, retention, and productivity.

4. Increased Productivity

Many studies suggest that remote workers are often more productive due to fewer office distractions, reduced commute times, and the ability to tailor their work environments to their needs.

The Cons of Remote-First Advertising Agencies

1. Communication Challenges

Despite the availability of digital communication tools, remote work can lead to misunderstandings and miscommunication. Teams may struggle to maintain the seamless collaboration often found in physical office spaces.

2. Difficulty Building Company Culture

Creating and maintaining a strong company culture is harder in a remote setting. Team bonding activities, spontaneous brainstorming sessions, and a shared sense of community often require deliberate efforts.

3. Technology Dependence

Remote work depends significantly on technology. Problems such as slow internet connectivity, software malfunctions, or cyber threats can disrupt workflows and hinder productivity.

4. Employee Burnout

While flexibility is a major advantage, the lack of clear boundaries between work and home life can lead to overworking and burnout if not managed carefully.

Is Remote-First the Future of Advertising Agencies?

The rise of remote-first advertising agencies reflects the evolving nature of work and the need for adaptability in a digital-first world. While the model has its challenges, its advantages—such as access to global talent and cost savings—make it an attractive option for many agencies.

However, the success of a remote-first model depends on how well agencies address its drawbacks. Clear communication strategies, investments in technology, and deliberate efforts to foster company culture are essential.

Remote-first advertising agencies represent a bold step into the future of work. By balancing the benefits of flexibility and cost efficiency with strategies to overcome challenges, these agencies can thrive in a competitive market. For brands seeking innovative, global solutions, partnering with a remote-first agency might be the perfect fit.

As the advertising industry continues to evolve, remote-first agencies are likely to play a key role in shaping its future. Are you ready to embrace this change?

[myindustrialspecialist]

1st December 2024 Explore how Malaysia's economic growth is shaping the industrial property market. Learn about the trends and factors driving demand and investment in industrial real estate. Introduction: Malaysia’s economy is on the rise, and it’s having a direct impact on the country’s industrial property market. With GDP growth outpacing many regional neighbors, businesses are expanding, and the demand for industrial spaces is climbing. But how exactly does economic growth influence industrial real estate? In this article, we break down the key economic factors shaping Malaysia’s industrial property landscape and why this is an exciting time to invest. 1. Economic Expansion and Increased Demand for Industrial Space As Malaysia’s economy continues to grow, the demand for industrial spaces—factories, warehouses, and logistics hubs—grows alongside it. A growing economy means more businesses, larger production capacities, and expanded supply chains. As manufacturers, retailers, and e-commerce giants expand, the need for strategic industrial locations intensifies. This is particularly true for high-demand areas like Selangor and Penang, where key industries are already thriving. Browse more industrial properties for sale 2. Government Policies and Economic Development Initiatives The Malaysian government plays a significant role in supporting the industrial property sector through various policies and initiatives. The Economic Transformation Programme (ETP) and the Malaysia Vision 2020 goal aimed at transforming the country into a high-income nation have set the stage for increased investments in industrial properties. These programs, along with tax incentives, grants, and streamlined processes for industrial developments, have given the sector a strong boost. 3. The Rise of Manufacturing and Export-Oriented Industries As Malaysia strengthens its position in global manufacturing, sectors such as electronics, automotive, and machinery are expanding. This creates a ripple effect on the demand for industrial properties, particularly in manufacturing hubs. The growing demand for export-oriented goods further fuels the need for warehouses, distribution centers, and factory spaces that cater to both local and international markets.Browse more industrial properties for rent. 4. Infrastructure Development Driving Industrial Property Demand Infrastructure is a critical driver of industrial property demand, and Malaysia has been heavily investing in improving its transportation network. New highways, ports, and rail systems are being developed, particularly in industrial zones like Iskandar Malaysia, Klang Valley, and Kulai. These infrastructure improvements make industrial properties more accessible and desirable, helping to increase their value and demand. 5. Foreign Investment and the Global Economy Global economic trends, including foreign direct investment (FDI) flows, have a direct impact on the industrial property market in Malaysia. With Malaysia being one of Southeast Asia’s most attractive investment destinations, the country has seen an influx of FDI, particularly in the electronics, automotive, and logistics sectors. Foreign companies are setting up production facilities, which in turn drives the demand for high-quality industrial properties. 6. Growing E-commerce and Logistics Sector The rise of e-commerce, accelerated by the COVID-19 pandemic, has significantly influenced the industrial property market. As online retail booms, so does the need for warehouses, fulfillment centers, and distribution hubs to meet the growing consumer demand for quick delivery. Malaysia, with its strategic location and robust infrastructure, is well-positioned to capitalize on this trend, with e-commerce giants actively seeking large industrial spaces. Browse more industrial land for built to suit warehouse 7. Digital Transformation and Technological Advancements The digital economy and technology-driven industries are reshaping the demand for industrial property.

High-tech industries such as data centers, semiconductor manufacturing, and digital logistics are becoming major players in Malaysia’s industrial real estate market. As these sectors expand, so does the need for specialized industrial spaces that cater to technological advancements and digital infrastructure. 8. Long-Term Impact on Property Values As the Malaysian economy continues to develop, industrial property values are expected to rise, particularly in strategic locations. The combination of rising demand, limited supply in key industrial zones, and government support is driving upward pressure on property prices. Investors who get in early can expect long-term gains as Malaysia's economic growth drives the demand for industrial spaces. Browse industrial project for sale Conclusion: The economic growth in Malaysia is positively influencing the industrial property market, creating new opportunities for businesses and investors. From expanding manufacturing and export sectors to the rise of e-commerce and digital industries, the factors driving this demand are diverse and impactful. As Malaysia continues to grow as an economic powerhouse in Southeast Asia, the industrial real estate sector is poised for significant expansion. Contact MyIndustrialSpecialist today to explore investment opportunities in Malaysia’s thriving industrial property market!

[qocsuing]

Choosing the Perfect Hotel for Your Trip: Key Factors to Consider

Choosing the Perfect Hotel for Your Trip: Key Factors to Consider

Planning a trip involves many exciting decisions, and one of the most crucial is choosing the right hotel. Whether you're embarking on a vacation, a business trip, or a weekend getaway, the hotel you select can significantly impact your overall experience. This article explores key factors to consider when choosing the perfect hotel for your trip, ensuring a comfortable and memorable stay.To get more news about 콜걸, you can visit our haianma.net official website.

1. Location, Location, Location The location of your hotel is perhaps the most important factor to consider. A conveniently located hotel can save you time and money on transportation and provide easy access to attractions, restaurants, and business centers. Here are some location-related considerations:

Proximity to Attractions: Choose a hotel close to the main attractions you plan to visit. This will make it easier to explore the area and maximize your time.

Accessibility: Ensure the hotel is easily accessible by public transportation, especially if you don't plan on renting a car.

Neighborhood: Research the neighborhood to ensure it aligns with your preferences. Consider safety, dining options, and the overall ambiance.

2. Budget and Value for Money Your budget will play a significant role in determining your hotel choice. However, it's essential to balance cost with value for money. Look for hotels that offer:

Competitive Rates: Compare prices across different booking platforms to find the best deals.

Inclusions and Amenities: Check what amenities are included in the room rate, such as breakfast, Wi-Fi, parking, and access to fitness facilities.

Special Offers: Look for special promotions, discounts, and packages that provide added value.

3. Hotel Amenities and Services The amenities and services offered by a hotel can greatly enhance your stay. Consider the following:

Room Features: Ensure the room meets your needs with features such as comfortable bedding, a workspace, a mini-fridge, and a coffee maker.

Dining Options: Check if the hotel has on-site dining options, room service, or nearby restaurants.

Wellness Facilities: Look for fitness centers, swimming pools, spas, and other wellness amenities that align with your preferences.

Business Services: If you're on a business trip, check for business centers, meeting rooms, and reliable internet access.

4. Reviews and Recommendations Reading reviews and recommendations from other travelers can provide valuable insights into the quality and reputation of a hotel. Consider these sources:

Online Reviews: Platforms like TripAdvisor, Google Reviews, and booking websites offer honest feedback from previous guests.

Travel Blogs: Travel bloggers often share detailed reviews and recommendations based on their experiences.

Word of Mouth: Ask friends, family, or colleagues for recommendations based on their travels.

5. Safety and Cleanliness Safety and cleanliness are paramount when choosing a hotel. Ensure the hotel adheres to high standards of hygiene and safety:

COVID-19 Protocols: Check if the hotel follows COVID-19 safety measures, such as enhanced cleaning, contactless check-in, and social distancing practices.

Security: Look for hotels with 24-hour security, secure entry points, and well-lit common areas.

Cleanliness: Read reviews that mention the cleanliness of the rooms and common areas.

6. Personal Preferences Finally, consider your personal preferences and the type of experience you want:

Hotel Style: Choose a hotel that matches your style, whether it's a luxury resort, a boutique hotel, a budget-friendly option, or a unique stay like a historic inn or eco-friendly lodge.

Special Needs: If you have any special needs or requirements, such as accessibility features or pet-friendly accommodations, ensure the hotel can accommodate them.

Purpose of Stay: Consider the purpose of your trip. For a romantic getaway, look for hotels with a romantic ambiance. For a family vacation, choose a hotel with family-friendly amenities and activities.

Conclusion Choosing the perfect hotel for your trip involves careful consideration of location, budget, amenities, reviews, safety, and personal preferences. By taking the time to research and evaluate your options, you can find a hotel that meets your needs and enhances your travel experience. Whether you're traveling for leisure or business, the right hotel can make all the difference in ensuring a comfortable and memorable stay.

[mariacallous]

Editor's Note: This piece was first published by the Los Angeles Times.

A fiscal “doom loop.” A transit “death spiral.” The “office apocalypse.” Since the traumatic disruption of the COVID-19 pandemic, these pessimistic terms have been applied repeatedly to the state of our cities. Analysis of census data from my Brookings Institution colleague William H. Frey found that from 2020 to 2021, during the peak of the pandemic, major metropolitan areas including New York and Los Angeles lost a significant number of residents. A net 175,000 people left L.A. for Riverside, the Sun Belt, or smaller metro and rural areas.

But new research shows clear signs this trend is reversing. As many downtowns struggle, residential neighborhoods are thriving. While L.A. also lost population in 2022, that year’s rate of population loss was half what it was in 2021. Other cities, such as Seattle and Washington, D.C., have flipped from losses to gains. Yet office vacancy rates continue to rise, and transit ridership remains well below 2019 levels on every major U.S. system. If people are back, where are they?

Not at the office or on the train. Instead, people are enjoying walkable, mixed-use neighborhoods where they can both live and work, in contrast to the 20th century mode of cities and suburbs that rigidly separates work zones from other activities.

This has benefits not just for individuals but also for communities and places. For example, while overall transit ridership in San Francisco is only 54% of the pre-pandemic level on weekdays, the 22 Fillmore line serving the neighborhood of Mission Bay, just south of the historic downtown, is at 107% of pre-pandemic ridership. In L.A., while retail vacancy downtown is 9.3% and trending upward, the citywide rate is only 6.1%, data from CoStar shows. In a diverse range of neighborhoods, retail is close to or even outperforming that average: The vacancy rate is only 5.6% in Echo Park, 6.3% in Inglewood, and 6.6% in Boyle Heights. Elsewhere it’s trending down, even approaching zero: 0.5% on Figueroa Street near USC, 1.5% in Los Feliz, and 2.3% in Highland Park.

Why are some neighborhoods doing extraordinarily well? These are not the richest parts of L.A. Rather, they gather big, diverse collections of economic, social, physical, and civic assets in close proximity. Figueroa, Los Feliz, and Highland Park have some of the highest population densities in L.A. County, as well as access to amenities including the USC campus and Griffith and Hermon parks. They are close enough to downtown to be accessible to and from elsewhere in the region. And finally, all of these places are served by hyperlocal place governance entities, including business improvement districts that provide extra coordination and support, such as clean-and-safe patrols.

Demand in cities remains strong—so much so, in fact, that in many of the biggest metro areas the concern is not abandonment but affordability. Nowhere in the United States is the housing crisis as acute as Los Angeles, the least affordable metro area in the U.S. Citywide, the average rent for a one-bedroom apartment is more than $2,000. In Los Feliz, it’s $2,250, according to CoStar data. Off Figueroa near USC and in Highland Park, you can get a one-bedroom for $1,400 or $1,600, but those sorts of offerings are few and far between. And even those rents are out of reach for many in a city where half of households make $70,000 a year or less. People are leaving L.A. not to ditch a struggling city, but to find housing.

This crisis is a choice, and the solutions for both neighborhood affordability and downtown revitalization are the same: ending policy and infrastructure that segregate people and most types of land use and create under-resourced neighborhoods as well as downtowns overly dependent on offices.

Policies and practices such as exclusionary zoning and lending discrimination allow some neighborhoods to hoard what they need (e.g., low-flood-risk land and tax revenue to support services) while withholding from others. What if we enabled all people and places to thrive?

Los Angeles and California have recently made progress in advancing policy reforms, such as the city’s expansion of its adaptive reuse ordinance and the state’s Affordable Housing and High Road Jobs Act, both of which will increase housing production and economic vitality by integrating housing with underperforming retail and offices.

Progress will also require building housing everywhere, including affordable housing as well as transitional and permanent supportive options that meet a broader range of needs than our current one-size-fits-all housing stock. It also makes sense to invest more in basics that proved throughout the pandemic to support quality of life, such as parks and community-based organizations.

The most effective policies to create shared prosperity for neighborhoods and downtowns will raise and share new revenue by explicitly connecting growth with funding to connect historically marginalized communities and places to the regional economy, cultivating their local assets.

Some examples cities are already pursuing include New York’s congestion pricing to fund public transit, Chicago’s Invest South/West initiative to increase economic investment and development in neighborhoods punished by racial segregation, and Seattle’s Equitable Development Initiative, which funnels grant dollars to neighborhoods at high risk of displacement to empower local projects. In addition, L.A. and other cities can directly address the systemic devaluation of Black neighborhoods by enabling new models for commercial real estate ownership that are accessible for local entrepreneurs.

What does the city of the future look like, and who decides? Much of the rhetoric of the current moment is focused on assigning blame for shortcomings. Instead, we need to encourage what has worked to support great neighborhoods and downtowns and make those things accessible to more people—finding common ground, earning community trust, and establishing new ways to work together to build something that lasts.

[laveekestatesblogs]

Current Real Estate Market Trends: What Buyers and Sellers Need to Know

The Real Estate market is not only vast but also ever-changing, it is crucial to keep up with it to ensure that you secure good deals. It all comes down to one thing– trends. Everything has to do with trends, be it fashion or real estate. In this comprehensive article, we will be getting to know the real estate market trends.

House Hunting Goes Digital:

Digital platforms have always existed; however, during and after the pandemic, the demand for these platforms increased across all businesses. The real estate sector is no exception. Individuals have been reserving their homes through a web marketplace in recent months. Other aspects of the house-buying process, such as a home tour, brokerage fees, rent amounts, deposits, lease agreements, and so on, have also gone digital. Furthermore, home loans are also available online. This has served as the foundation for buying and selling real estate developments in 2024 and will continue to do so for the rest of this year. 

An Increase in Property Prices:

Increased demand and the market transitioning to a sellers’ market will eventually result in an increase in property prices. Home purchasers are aware of rising prices. Interestingly, some purchasers are willing to pay more than the asking price to complete the transaction. 

Higher Interest Rates: 

The era of low interest rates is over. The current geopolitical climate, combined with rising inflation, will put pressure on loan rates, which are likely to rise in the left year.

Shop-to-Offices in Commercial: 

Shop-cum-offices, or SCOs, are a commercial real estate class that has experienced tremendous expansion in recent years. Gurugram is often regarded as the most visible and profitable site for shop-cum-offices in the National Capital Region. SCO plots have been made available for development and investment in different areas of Gurugram. As a result, a new age of commercially viable SCO plots has emerged. Fortunately, the SCO markets have grown phenomenally, and early investors’ capital has multiplied many times again. Investors in the SCO market might benefit from longer leases, better revenue, and continuous cash flow.

Transition to Suburban Living: 

The COVID-19 epidemic has had a significant impact on people’s living preferences, prompting many to reconsider their housing demands. One notable tendency that has evolved is the move from urban to suburban living is  remote work. On the list real estate trends 2024, it has been one of the most dominating trends. As remote work becomes more popular, many employees will no longer need to live close to their job. This flexibility enables them to seek out larger homes in suburban locations, where they may enjoy more room and lower costs. Desire for outside space: The pandemic emphasized the need of having access to open spaces. Suburban homes often have larger yards and are close to parks and nature, which appeals to both families and individuals.

Sustainable and Green Real Estate: 

The rise of sustainable and green real estate indicates a heightened social awareness of environmental responsibility. When it comes to real estate, homebuyers are increasingly prioritizing eco-friendly amenities, energy efficiency, and sustainable building techniques. This trend not only corresponds with the global movement for environmental conservation, but it also represents a promising opportunity for investors. The desire for sustainable living spaces has prompted advancements in building materials, energy-efficient technologies, and sustainable design techniques. Investors in green real estate not only help the environment, but they also put themselves at the forefront of quickly changing real estate market trends.

To back up this claim, USGBC and Dodge Data & Analytics performed a study, which revealed that almost 30% of clients believe that sustainable and green buildings are the correct thing to do. As sustainable and green practices gain traction, the real estate industry is undergoing a revolutionary change toward more responsible and eco-conscious development, emphasizing the peaceful cohabitation of urban living with environmental sustainability.

Need for Health and Fitness Centers:

The expanding emphasis on health and well-being has become a major driver of real estate development, increasing demand for dedicated health and fitness facilities in both residential and commercial premises. It is a pretty recent, major real estate market update. This section investigates the emerging trend of prioritizing physical well-being in the built environment. From on-site gyms to wellness spaces, developers are responding to occupiers’ increasing desires for an integrated, health-promoting lifestyle. The demand for health and fitness services is more than just a luxury; it reflects a larger social shift toward holistic living.

Increased investment in Technology:

The epidemic has expedited the adoption of technology in the real estate market, making virtual property tours and digital transactions increasingly widespread. This trend is projected to continue in 2025, as technological advancements aid to streamline the home-buying and selling process. Modular dwellings and 3D printing are two examples of technological advances that could help address the difficulty of cheap housing. Therefore, the housing market in current times will be heavily  impacted by economic, social, and technical forces.

Conclusion:

That concludes our list of major real estate trends happening right now. As more individuals move to the suburbs and try to buy a home, single-family housing prices are projected to remain high and supply limited. High mortgage rates may reduce demand for homes, with intergenerational living among the alternatives being considered. Meanwhile, the rental property market in large cities will continue to shrink, creating chances for real estate investors planning for a post-pandemic resurgence of metropolitan life. Well-placed retail outlets are already profiting from the green shoots of this recovery, but the implications for commercial office space are more long-term.

[munesh01]

Huge Office Space Lease Marks Strategic Expansion Step

In a historical milestone that speaks volumes about the vibrant growth of the commercial property market, managed office space giant Smartworks has leased a gargantuan 470,000 square feet of office space in Gurugram. The move is strategic, coming at the right time when the company is gearing up for its much-awaited Initial Public Offering (IPO). The decision to expand in one of India's most vibrant business hubs reflects Smartworks' commitment to meeting the growing demand for flexible workspaces and its confidence in the future of the industry.

The Evolution of Flexible Workspaces The concept of flexible workspaces has undergone a significant transformation over the past decade. As businesses increasingly prioritize agility, cost-efficiency, and employee satisfaction, the demand for managed office spaces has surged. These facilities provide the convenience of short-term rentals, scalability, and an array of amenities aimed at boosting productivity and well-being. Smartworks has led the way in this revolution, offering cutting-edge solutions that address the varied needs of businesses ranging from startups to multinational giants.

Gurugram: A Strategic Choice

Gurugram, popularly referred to as the "Millennium City," is a thriving business city that has drawn a diverse group of companies such as multinational corporations, technology start-ups, and financial institutions. Its location advantage, being near New Delhi, and its solid infrastructure position it as a good choice for business houses wishing to set up or increase their foothold in India. By renting a large office area in Gurugram, Smartworks is well placed to leverage the increasing need for flexible offices in the area.

Smartworks' Vision and Growth Strategy Smartworks' expansion of its presence in Gurugram is a step in the direction of fulfilling its long-term vision of being the largest flex office space provider in India. The company has been growing on a strong curve, continuously growing its portfolio in key cities across India. Focusing on innovation, technology integration, and customer-centric solutions, Smartworks has been able to differentiate itself amidst a competitive scenario. The impending IPO is also likely to further fuel Smartworks' growth plans, giving it the capital required to strengthen its offerings, invest in state-of-the-art technology, and reach more customers. The IPO will also be a milestone moment for the company, demonstrating its strong market position and investors' faith in its business model.

The Future of Workspaces The COVID-19 pandemic has fundamentally reshaped the way businesses operate, accelerating the shift towards flexible work arrangements. Many companies have adopted hybrid work models that combine remote and in-office work, increasing the demand for flexible office spaces that can accommodate changing workforce needs. Smartworks is well-positioned to capitalize on this trend, offering solutions that provide the flexibility, safety, and amenities that modern businesses require. Apart from flexibility, Smartworks' office spaces are also created to promote collaboration, innovation, and employee wellness. With cutting-edge facilities, ergonomic layouts, and sustainability in mind, Smartworks is redefining the managed office space market.

Technological Integration and Innovation One of Smartworks' standout differences lies in the focus placed on technology integration and innovation. It utilizes next-gen technology to raise the game on the user experience, to increase operational efficiencies, and offer insights derived from data to support maximizing space use through workspace. Whether smart access controllers, Internet-of-Things-  equipped devices, or the sophisticated world of data analysis, Smartworks takes a front row in placing technology into the space arena. This emphasis on technology not only adds to the functionality and productivity of Smartworks' office space but also gives companies the equipment they require to thrive in the ever-evolving work environment. With more and more companies banking on technology to power productivity and innovation, Smartworks' technology-based solutions are a cut above the rest.

Sustainability and Employee Well-being Apart from technological innovation, Smartworks also focuses on sustainability and the well-being of employees. The office environments of the company are sustainable in nature, with energy-efficient systems, sustainable materials, and green building techniques. This focus on sustainability not only minimizes the environmental footprint of Smartworks' operations but also responds to the increasing need for environmentally friendly workspaces. Employee well-being is another critical focus area for Smartworks. The company's office spaces are designed to promote health and wellness, with features such as natural lighting, ergonomic furniture, and wellness amenities. By creating environments that prioritize employee well-being, Smartworks helps businesses enhance productivity, reduce absenteeism, and improve employee satisfaction.

Customer-Centric Approach Behind the success of Smartworks lies its customer-first culture. The company takes pride in getting to know each client's distinctive needs and offering customized solutions to address those needs. Be it flexible leasing periods and custom-made office designs or a full-fledged host of amenities and services, Smartworks provides a full-fledged bouquet of solutions addressing the various needs of companies. This customer-focussed orientation is evident through Smartworks' high client satisfaction levels and retained client base. Through its persistence in delivering value and surpassing customer expectations, Smartworks has established a committed client base and positioned itself as a reliable ally for companies searching for flexible workplace solutions.

Conclusion

Smartworks' new lease of 470,000 square feet of office space at Gurugram is a manifestation of its forward-thinking vision and growth focus. As the company is gearing up for its IPO, it stands at the forefront of leading India's workspace of the future. Flexible, innovative, and customer-centric, Smartworks is not only fulfilling existing requirements of businesses but also envisioning the future requirements of the workforce. As the world of work continues to change, Smartworks is at the forefront, offering solutions that enable companies to succeed in a changing world. In summary, Smartworks' strategic growth in Gurugram and its imminent IPO are key milestones in the company's history. Through its technology, sustainability, and customer-centric strengths, Smartworks is poised to ride the increasing need for flexible office spaces and shape the future of the industry. With companies further evolving to respond to the new realities of work, Smartworks' cutting-edge solutions present a compelling value proposition that allows businesses to navigate the complexity of the new workplace with confidence and ease.

Reference taken From:- Blogger

[ainews]

Rent prices continue to plunge in cities across the US as the Covid-19 pandemic continues to hammer the economy. As people remain out of work, unable to afford their current housing, landlords are struggling to attract new tenants. This is leading to a decline in rental prices, with some areas seeing decreases of nearly 30% over the past year.

The declines are being seen in both urban and suburban markets, with some of the largest drops occurring in cities like Los Angeles and New York, where rent was already sky-high. The steep rent drops in these areas are forcing landlords to reconsider their pricing strategies as they try to remain competitive in an increasingly tight rental market.

These declining rents present a unique opportunity for current renters, as it allows them to find more affordable housing without having to move. Renters are also likely to benefit from landlords responding to the situation by offering more amenities and making repairs.

However, it is not all good news for renters. The rental rate declines could be a harbinger of worsening times ahead. As more people struggle to afford their rent, landlords may be forced to reduce the quality of their properties to attract tenants. Tenants may also be less likely to sign longterm leases due to the uncertainty of the Covid-19 pandemic.

The pandemic has also had a significant impact on those searching for housing, as they face higher competition for units. Furthermore, rent is still expensive in many areas, making it difficult for those with low incomes to find suitable housing.

Ultimately, the rental market is in flux due to the pandemic. Despite declining rents, those looking for housing may still face difficulties as they try to find affordable, quality housing in an uncertain market.

[umegalettingsblog]

Edinburgh Estate Agent: Property Market Trends to Expect in 2024

What should we anticipate from the Edinburgh property market in 2024? It is imperative for an Edinburgh Estate Agent to be conversant with the current trends and predictions. 

In this article, we will give you a glimpse of what analysts predict for the year 2024 as well as focusing on the Edinburgh rental market, mid-market rents in Edinburgh, and overall Edinburgh property market. Keep reading and learn more about property’s future in Edinburgh brought by Umega.

House Prices on the Rise

The price of houses on the Edinburgh property market is expected to keep rising throughout 2024. This comes after a significant increase in demand for buying homes again since before COVID-19 struck. 

According to Rightmove, new properties increased by 1.5% last March 2024. These moderate gains might be signalling an optimal time for sellers looking forward to disposing of their homes.

In addition, there is an upward trend in mid-market rents in Edinburgh and thus both renting or buying homes within it becomes more expensive.

Rental Inflation

Rent prices have increased at a very high rate across the board recently within the Edinburgh rental market. By February 2024 average rents rose by 10.9% compared to previous year’s figures. 

This has been very evident especially across popular areas of Edinburgh where everyone wants to rent. Due to this huge demand, renters may face higher costs and more competition when seeking houses with vacancies. 

Moreover, mid-market rents in Edinburgh continue going up making it harder for people who want somewhere they can live.

Impact of Rent Cap Removal

There are also expectations that following the elimination of rent cap in the area come March 2024, rents would rise further in the Edinburgh property market. The changes could lead to medium or even big rent increases particularly in areas that are much loved. 

Consequently, landlords may become keener in choosing the type of tenants they accommodate. This has the potential of resulting in more evictions and challenges to rent increases through Rent Service Scotland. 

For this reason, any changes arising from them are being closely observed by Edinburgh estate agents because they will have an effect on mid market rents in Edinburgh as well as the entire Edinburgh property market of the city.

Shift to Rural Properties

As rents rise in town, more people are considering rural properties near Edinburgh. Regions such as Lothian are becoming popular because many individuals want less expensive homes outside cities. 

Those looking for cheap alternatives to urban areas rents may therefore continue with this trend. This is also affecting mid-market rents in the Edinburgh rental market according to Edinburgh estate agents.

Increased Demand for Shared Properties

The rising cost of renting is making an increasing number of people consider shared accommodation arrangements. It particularly helps those who rely on rented housing divide their expenditure among several households, thus reducing the overall living expenses. 

It is these shared accommodations that are increasingly becoming popular mainly among the young working class or studying population. As far as rental market trends in Edinburgh go, it can be noted that realtors have noted such a shift happening now and impacting upon mid-market rents in Edinburgh.

Fewer Homes in Tourist Areas

There is growing difficulty in buying homes in popular tourist areas as tourism picks up and cities are being regenerated. This has made it difficult for potential buyers to compete during auctions that have resulted in fierce competition. 

To escape the rising cost of living, a lot of local people are moving out to more affordable places.

Edinburgh estate agents have noted this trend, which has an impact on the availability of housing stock within these regions.

Less Demand for Big Offices

After COVID-19, many enterprises in Scotland have embraced hybrid and remote working modes. Consequently, companies do not require much space for their offices anymore. Instead, customers and tenants are looking forward to smaller and cheaper office premises located strategically. 

Besides, such buildings must feature mixed-use provisions and home-office spaces included.

They also prefer buildings that offer mixed-use spaces and home office options. Edinburgh estate agents are adapting to these changes in the market.

About Umega

Umega is an award-winning Edinburgh estate agent. The firm’s highly regarded customer service and innovative approach towards property management makes it stand out as well. Umega helps landlords, tenants, sellers, and buyers with their property needs, making the process smooth and stress-free. Whether you’re looking to buy, sell, or rent, Umega is there to support you every step of the way.

[awanderingcanadian]

Anniversaries of Sorts

As we move towards August, I have several ‘anniversaries’ coming up that bear recognition. I haven’t written for a while, in fact I’ve been absent really for the better part of a year. That’s not to say I haven’t written a ton in my mind, I just haven’t done anything with a keyboard. I don’t know why that is, but maybe it was to do with working through my losses and getting my head back in the right space? Who knows?

Back to the point of this post: August marks some significant anniversaries for me. Ironically, I seem to defining this as ‘before COVID’ and ‘after COVID’. Can you believe that in just 5 months we will be marking the 5th anniversary of the start of the pandemic? Where did those years go? I feel like we lost 3 years of our lives, but my 19 year old niece tells me differently. For her, she was finishing high school, graduating, and starting university: all significant milestones in a young life, but for me, they were the ‘lost years’. Perspective is everything. Again I digress…

August will mark 7 years since we moved to Scotland, and the start of a strange 3 years. Seven years!! It just seems like a few years ago. The plan, for those of you who don’t know or forgot, was that we live 2 years in Scotland, (with me working and Craig retired), then we would travel for a years. With that in mind, we signed a 3 year lease with the Crown, and on June 30, 2017 left our beautiful home for what was to be 3 years of fun and adventure.

Early August of 2017 we made the move. Having being born in Scotland, and having returned many times to see family, I thought I knew how it worked, but I didn’t. We spent the first 10 days chasing our tails: we couldn’t open a bank account without a UK address, we couldn’t get a phone plan without a bank account, and we couldn’t rent a place to live without both of the above. I had to get a National Insurance number, (the equivalent of a SIN or SS number for my North American friends), which ironically was the easiest part as I had a UK birth certificate. Within the first two weeks however, we had it all sorted, and had bought a car, a tv, and countless other items. Our big score was buying an inexpensive blender and getting a voucher for a case of wine for £25! Gosh, those were stressful, but heady days.

August, 2018 I unexpectedly returned to Canada, as Craig was denied a spousal visa. The short story is that the website was misleading, (that’s now been fixed), so we applied incorrectly, and the Home Office wasn’t lenient at all. Craig had to leave in June or be deported. We were the lead story one night on the news. But enough about that. Having no home to return to, we lived in our trailer off an on for months, and wintered in the home of a friend who went to central and South America for 4 months.

August, 2019 found us leaving for 11 months of travel. We booked flights to Heraklion, Greece and rented an apartment for a month, giving me a chance to rest up after leaving my job, and packing all of our belongings yet again. We bought insurance for a 330 day, multi-country trip, and we were off! What could go wrong?? Some of you might remember this time in our recent history…

August 2020 was a wash, nothing doing. August 2021 saw the border with the U.S. open from the Canadian side, but the same Americans who had been clamouring for the border to be open, decided to keep their side closed, (insert eye roll here). August 2022 we returned to Greece, yippee! August, 2023 we stayed home and had lots of people visit us!

But my favourite August anniversary will always be this one.