CHICAGO – (April 16, 2024) – Leading Real Estate Companies of the World® welcomes AJ Canaria Creative Services, LLC to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. AJ provides photography services specializing in events, headshots, lifestyle shoots, editorials, and advertising. His strategy focuses on fostering genuine connections and delivering personalized service tailored to meet clients’ needs.
“AJ has a remarkable talent for capturing meaningful moments and telling stories through photography. With his distinctive journalistic style, he has photographed LeadingRE events beautifully for almost a decade, and he always delivers more than is expected. Now, we are thrilled to bring AJ into our Solutions Group so our member real estate firms can collaborate with him to tell their own stories through photos and videos in a way that is modern, authentic, and personal,” said LeadingRE Vice President of Global Communications Robin LaSure.
Learn more about AJ Canaria Creative Services at ajcan.com.
“I’ve had the privilege of photographing LeadingRE events for 10 years in a row. I’m excited to expand our relationship to have more opportunities to work with members to help them tell their stories and help their businesses grow through photography,” said AJ Canaria, Founder and Chief Photographer of AJ Canaria Creative Services.
Learn more about Leading Real Estate Companies of the World® at LeadingRE.com.
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AboutAJ Canaria Creative Services
Since 2011, AJ has been capturing events, companies, and individuals in the real estate industry. In 2016 AJ partnered with LeadingRE and has since photographed the LeadingRE Conference and Global Symposium. Within the LeadingRE network, AJ has collaborated with Windermere; The Group, Inc.; William Raveis; Slifer Smith & Frampton; and Howard Hanna. AJ specializes in transforming brand moments into timeless memories and capturing unique brokerage stories with captivating visuals. With expertise in high-quality brand photography for real estate, AJ offers a range of services tailored to highlight the essence of each client.
About Leading Real Estate Companies of the World ®
Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.
– Roomvu provides hyper-localized and relevant social media content. –
CHICAGO – (April 2, 2024) – Leading Real Estate Companies of the World® welcomes Roomvu to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. Roomvu helps real estate professionals sustain an impactful social media presence by automatically posting local, relevant, and timely content on platforms like Facebook, Instagram, TikTok, and LinkedIn.
Roomvu creates and publishes content while also ensuring high visibility for all posts. Guaranteeing 5,000 weekly views for content, Roomvu makes sure posts are highly visible across all platforms. Additionally, they assist with email marketing by sending visually appealing newsletters and listing advertisements.
According to LeadingRE Vice President, Sales/Partnerships Jeff Kennedy, “Roomvu sets itself apart with its advanced marketing strategy, offering a comprehensive suite of tools designed to elevate your marketing efforts. Roomvu’s video customization capabilities empower you to create compelling visual content tailored to your specific needs, enabling you to captivate and resonate with your audience like never before. With Roomvu, you can rest assured that your marketing needs are fully met, allowing you to focus on what you do best – serving your clients and growing your business.”
“We are thrilled to announce our latest collaboration, a milestone that underscores our commitment to innovation and excellence in the real estate industry. Aligning with LeadingRE has empowered us to seamlessly adapt our services to accommodate brokerages of all sizes. Our enhanced platform now offers branded content across various channels, including sophisticated social media management, dynamic email newsletters, and impactful listing advertisements – all designed to scale,” said Sam Mehrbod, CEO of Roomvu.
Learn more about Leading Real Estate Companies of the World® at LeadingRE.com.
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About Roomvu
Roomvu is a pioneer in video marketing solutions for real estate agents and mortgage brokers. Endorsed by the National Association of Realtors, Roomvu delivers tailored content to over 150,000 agents throughout the USA and Canada. Leveraging hyper-local content, Roomvu streamlines social media marketing, email campaigns, CRM, and digital advertisements. By providing small real estate professionals with the tools of industry giants, Roomvu empowers the bottom 90% of the market to rise to the top 1%.
About Leading Real Estate Companies of the World ®
Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.
– Notable specializes in pay-at-close home improvement financing. –
CHICAGO – (March 26, 2024) – Leading Real Estate Companies of the World® announced today that Notable has joined its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. Notable offers an unsecured credit line for your clientele, resulting in increased listings secured, elevated prices, and accelerated sales, all while strengthening your brand.
According to LeadingRE Vice President, Sales/ Partnerships Jeff Kennedy, “Notable serves an underserved market segment that is ripe for innovation. We’re excited to align with such a strong company and look forward to working with them in the coming year.”
“Notable is thrilled to join LeadingRE’s Solutions Group. The companies within LeadingRE represent some of the most thoughtful and sophisticated brokerages in the industry. We are excited to empower brokerages and their agents with a best-in-class financing solution that enhances their brand and wins listings,” said Austin Lane, CEO of Notable.
Learn more about Leading Real Estate Companies of the World® at LeadingRE.com.
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About Notable
Notable’s personal line of credit fronts the cost of home sale preparation for sellers to help agents win more listings and achieve quicker closings at premium prices. Notable partners exclusively with top brokerages to offer simple, white-labeled programs that empower their agents and enhance their brand. Operating across 48 states, Notable has facilitated over 25,000 loans with a remarkable 94% customer satisfaction rate.
About Leading Real Estate Companies of the World ®
Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.
Peter Thompson, Managing Director of Barfoot & Thompson in Auckland, New Zealand, receives the Brokerage Leadership Award from LeadingRE President/CEO Paul Boomsma and Chairman of the Board Whitney LaCosta of Howard Hanna | Coach Real Estate Associates. See more award winner photos here. Photos by AJ Canaria.
https://ajcanaria.pixieset.com/leadingreconference2024/ CHICAGO – (March 21, 2024) – Leading Real Estate Companies of the World® recognized top-performing member firms and individuals at its Awards Gala, held last month at Wynn Las Vegas. The Gala was the culmination of LeadingRE Conference Week, a series of specialized events with participants from 20 countries and nearly 300 cities worldwide who came together to explore the trends and opportunities impacting real estate.
“Our award winners represent excellence, innovation, and leadership,” said LeadingRE President/CEO Paul Boomsma. “We are inspired by their achievements, their commitment to quality service, and their endless contributions in their local markets.”
LeadingRE’s top company honor, the Diamond Award, went to the company in each size category with superior engagement and performance across all LeadingRE’s business programs: Ebby Halliday Realtors (Plano, TX); Michael Saunders & Company (Sarasota, FL); Russell Real Estate Services (Strongsville, OH); Kentwood Real Estate (Denver, CO); Blanchard & Calhoun Real Estate (Augusta, GA); Portside Real Estate Group (Falmouth, ME); Wilson Associates (Greenville, SC); and Salmon Real Estate (Staten Island, NY).
Peter Thompson, Barfoot & Thompson (Auckland, New Zealand) earned the distinguished Leadership Award, honoring the principal broker who displays incredible leadership through life-changing community involvement and by guiding their team to better success and well-being. Harvey Kalles Real Estate (Toronto, Canada) received the Most Innovative Brokerage Award, which honors the firm that has made an extraordinary difference for their company and their business community through an impactful and innovative program.
In recognition of extraordinary contributions to better the communities they serve, CRYE-LEIKE, Realtors (Memphis, TN) received the Brokerage Good Things Award. Kim Vincent, Sibcy Cline Realtors (Cincinnati, OH) won the Agent Good Things Awards.
Top marketing awards included Best Website Design, presented to Wallace Real Estate (Knoxville, TN) and Most Innovative Website, presented to Baird & Warner (Chicago, IL). Most Innovative Office Design was presented to Advisors Living (Boston, MA).
Referral of the Year Awards were presented in multiple categories: Cross Border Referral – Sibcy Cline Realtors (Cincinnati, OH) and Casaiberia Real Estate (Lagoa, Portugal); Broker to Broker Referral – @properties Christie’s International Real Estate (Chicago, IL) and Slifer Smith & Frampton Real Estate (Avon, CO); and Commercial Referral – Watson Realty Corp. (Jacksonville, FL) and John L. Scott Real Estate (Bellevue, WA).
Service recognition awards were presented for sharing contributions and talent to the LeadingRE community over many years. Earning the Chairman’s Service Award were Berry Everitt, Chas Everitt International Property Group (Johannesburg, South Africa); Whitney LaCosta, Howard Hanna | Coach Real Estate Associates (Northport, NY); Mike Pappas, The Keyes Company/Illustrated Properties (Plantation, FL); and Pat Shea, Lyon Real Estate – A Windermere Company (Sacramento, CA). Winning the President’s Service Award were Jeff Bennett, McColly Real Estate (Schererville, IN); Josh Epps, Fickling & Company (Macon, GA); Tripti Kasal, Baird & Warner (Chicago, IL); Suzanne Lail, Cottingham Chalk (Charlotte, NC); Paulo Lopes, Casaiberia Real Estate (Lagoa, Portugal); Gary Scott, Allen Tate Company (Charlotte, NC); Robin Sheakley, Sibcy Cline Realtors (Cincinnati, OH); and Thomas Zabel, Savills Residential Agency (Berlin, Germany).
The Crown of Excellence referral awards were given in seven company size categories: Allen Tate Company (Charlotte, NC); Carolina One Real Estate (North Charleston, SC); Lyon Real Estate – A Windermere Company (Sacramento, CA); Kentwood Real Estate (Denver, CO); Dickens Mitchener (Charlotte, NC); Platinum Group, REALTORS (Colorado Springs, CO); Marx-Bensdorf Realtors (Memphis, TN); and Vista Encantada REALTORS, LLC (Albuquerque, NM).
Earning the Million Dollar Club Award for Highest Valued Outgoing Closings was Houlihan Lawrence Real Estate (Rye Brook, N.Y.). The Global Alliance Club Award for Most Outgoing International Referral Closings was presented to Brown Harris Stevens (New York, NY) and The Keyes Company (Plantation, FL).
The firms recognized with the Pinnacle Award for having the most outgoing revenue-generating referrals were: Howard Hanna Real Estate Services (Pittsburgh, PA); Carolina One Real Estate (North Charleston, SC); Lamacchia Realty (Waltham, MA); Dickens Mitchener (Charlotte, NC); WK Real Estate (Boulder, CO); Marx-Bensdorf Realtors (Memphis, TN); and Vista Encantada REALTORS, LLC (Albuquerque, NM).
The Peak Production Award for revenue generating-sales volume in 2023 Howard Hanna Real Estate Services (Pittsburgh, PA); Carolina One Real Estate (North Charleston, SC); Dickson Realty (Reno, NV); Red Oak Realty (Piedmont, CA); WK Real Estate (Boulder, CO); Marx-Bensdorf Realtors (Memphis, TN); and Parkway Real Estate (Chico, CA).
RELO DIRECT® recognized members for outstanding service and collaboration. Earning the Platinum Member Service Excellence Award were Howard Hanna Real Estate Services (Pittsburgh, PA) and Long Realty Company (Tucson, AZ). Receiving the Platinum Member Leads Award were Rinehart Realty Corporation (Rock Hill, SC) and The Keyes Company (Plantation, FL).
LeadingRE is an invitation-only business-to-business real estate community, interconnecting 550 quality-focused local and regional real estate firms in 70 countries worldwide. LeadingRE provides its members best-of-industry assets, including elite training and education, marketing and technology resources, referrals and support.
To learn more about Leading Real Estate Companies of the World®, visit LeadingRE.com.
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About Leading Real Estate Companies of the World®
Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE also operates RELO Direct®, Inc. (RELODirect.com), its full-service relocation management company providing mobility services for corporate and government clients; and Luxury Portfolio International® (LuxuryPortfolio.com), its luxury marketing division, which markets approximately 50,000 luxury homes annually. Additionally, LeadingRE is active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena, and in global project marketing through Destinations by LeadingRE (DestinationsByLeadingRE.com).
Leading Real Estate Companies of the World® (LeadingRE), the global network of premier real estate firms, has announced Las Immobilien as the latest member of its professional network.
As an invitation-only business-to-business real estate community, LeadingRE is the world’s most established real estate network, with 550 quality-focused firms and more than 138,000 sales associates in 70 countries worldwide. The company interconnects top local and regional real estate firms across the world and supports their success with best-of-industry assets, like referrals, exclusive events, elite training and education, marketing and technology resources, and support.
For over 30 years, Las Immobilien has brought expertise and innovation to the Antwerp property market. A family business into its second generation, the firm is known for representing the city’s most prestigious properties in the most desired neighborhoods, now catering to a wide range of international clientele.
The announcement comes at an exciting time for the Antwerp market, which has shown record high value real estate transactions in recent years. The city’s stunning architecture and world-renowned interior design is supported by its buyers’ willingness to embrace modern technology.
Chris Dietz, president of Global Operations at LeadingRE, commented: “We are thrilled to welcome Las Immobilien to our ever-expanding community of industry leading professionals. Las Immobilien is a clear market leader in Antwerp, a market that has all the ingredients for an exciting and dynamic 2024. We believe enhanced clarity on inflation and interest rates will boost transaction activity in Antwerp and other leading European cities this upcoming year.”
Benjamin Las, founder and CEO of Las Immobilien commented: “We join LeadingRE at a time where clients increasingly appreciate international exposure for their properties. We have specialised agents with many years of experience, including those with ESG and legal backgrounds. This puts us in a unique position to advise our clients across all fronts, and LeadingRE is the ideal partner in the growth path of our agency, connecting us to other market-leading firms around the world. We are dedicated to strengthening our position and quality of our services in an ever-evolving market to ensure our clients achieve success in their real estate ventures.”
Selected companies in the LeadingRE international network are recognised for their expertise and superior knowledge of both local and global markets. All LeadingRE members are vetted, not just for performance, but also for a continued commitment to quality customer experience.
LeadingRE member Filip Sejvl of Czech luxury property agency Philip & Frank talks us through property market trends in Prague and beyond, as published by PrimeResi (subscription).
By Filip Šejvl, Founder and CEO of Philip & Frank s.r.o, a member of Leading Real Estate Companies of the World
The current residential real estate market in Prague and the wider Czech Republic offers an encouraging mix of stability and anticipation for what is to come, writes Filip Sejvl, Founder and CEO of Philip & Frank and member of LeadingRE. The average new home price per square metre is approximately 140,000 CZK (c.£4,830), reflecting a market that has remained resilient despite facing challenges – and still good value compared to other European hubs.
While the country grapples with high-interest rates of around 6%, and a decline in the number of property sales, Prague’s real estate prices have remained consistent in the past 12 months. The expectation for 2024 is more activity, with an anticipated decline in interest rates expected to lead to an increase in sales and property prices.
In terms of property types, Prague’s unique character as an old historic European city has a considerable influence on the market. Attractive condos in typical historical buildings are the most sought-after homes within the city, while single-family homes and modern apartments dominate the suburban areas.
Buyers in Prague often prioritize specific features and amenities, such as open-plan kitchens, smart home technology, and built-in storage solutions. The city’s compact layout, characterized by narrow streets and a busy downtown, emphasizes the importance of having amenities within walking distance to avoid traffic congestion.
Several trends shape the wider Czech real estate market. Over the last five years, home prices in the country have risen by a substantial 64%. The recent increase in interest rates, coupled with a decrease in demand for property purchases in Prague, has created pressure on the rental market. Czechia stands out with a high percentage of people living in their own homes, but the current pricing trends may influence this dynamic.
One notable trend is the emergence of large real estate funds focusing on the rental market, with a focus on building expansive rental residential areas and apartment buildings.
Foreign investment plays a significant role in the Czech real estate market, particularly in Prague. The city’s historical monuments, rich culture, low crime rates, and robust tourism make it attractive to investors from Western European countries such as Germany, Italy, and France. However, there has been a shift in recent years, with Russian investors withdrawing from Prague due to the ongoing war in Ukraine. For foreign buyers considering investing in the area, the advice is clear: focus on properties in the famous and historic downtown area of Prague, as prices are expected to remain stable or even increase further.
Although no significant legislative changes regarding real estate transactions are anticipated in Czechia, potential regulations for short-term rentals of apartments or condos, similar to those imposed on hotels and accommodation services, may emerge in the near future.
The allure of living in Prague is multifaceted. The city’s rich culture and history, coupled with an efficient public transportation system and low crime rates, make it an amazing place to call home. Compared to other major Western European cities, Prague still boasts attractive property prices.
LeadingRE Chief Operating Officer Kate Reisinger was interviewed by BENews, a popular U.K. online news service covering the entire built environment industry. Read the full article below or on BENews here.
My BE Career: Kate Reisinger
Name: Kate Reisinger
Job title: Chief Operating Officer, LeadingRE
What I do: I oversee the design and implementation of key operational strategies for our company, which includes member services, where I focus on engagement, performance, satisfaction, and success among our 550 member real estate companies around the world. I also work on our core referral programme, which generates over 24,000 member-to-member real estate referrals annually, valued at over $8bn. Additionally, I head our marketing and events, including our flagship Conference Week, which draws over 2,000 top real estate professionals every year.
Why I got into the property industry: Quite simply, I wanted to help people. In college, I won an internship with the district attorney as a victim witness advocate. From that experience, I realised that I had an instinct to serve people. Ultimately, getting into real estate meant helping people with the biggest investment of their lives.
How I did it: After college, while I studied to get into law school, I was working in a retail store and was promoted to manager. My mom commented that I was doing such a good job selling clothes that I could use those skills selling real estate. I got my license and was working as a realtor, while also bartending. A friend shared a job opportunity for a relocation coordinator, assisting people moving from one city to another. I had been working 80 hours a week at that point, so I took the interview and got the job.
My first proper job: Working at the Benetton store on Chicago’s Michigan Avenue as store manager. In that role, I learned a lot about people that I believe has been a solid foundation for me: the importance of customer focus, how to deal with different personalities, how to meet people where they are and provide what they need.
My first big break: When a national franchise purchased the local real estate company where I worked, I was given an opportunity that changed the path of my career. One Friday afternoon three months after the acquisition, the CEO called me in and asked, “How’s it going?” I was honest. I told him it was difficult , and that the department I was in was without focus or a leader, and that we were losing business. He was surprised at my honesty, but I really think he valued it and he then asked me how I would feel running the department. I had no hesitation and told him: “Absolutely – I can do it.” I had just found out that I got into law school, but somehow, I knew that I was already in the right place.
My inspiration: My mom. She was a single mom who worked three jobs. She was a paralegal proofing patents and was an incredibly fast typist. She instilled in me the importance of hard work and grit and I want to be that person for my girls.
The biggest challenge I’ve encountered to date: Professionally, it was when I first started as a relocation director because there was a lot of talk that I was too young. The relocation industry had a lot of experienced, talented, accomplished players. Many were always very supportive of me, but others were questioning. Personally, my biggest challenge was my father’s death. As a child of 11-years-old, when your parent dies suddenly, everything you think about the world is flipped. It makes you grow up fast. I lost my rose-colored glasses and realised life can be unfair. I think what that taught me was to live life to the fullest and take advantage of each and every day.
My greatest achievement/proudest moment to date: My kids – two twin girls who, I’m told, look just like me! I like watching life through their eyes because it’s entertaining and joyful. The biggest misconception people have about the property industry: That the real estate agent is not essential to the process.
My biggest bugbear about the industry/the one thing I would change about the industry: We can move too slowly…in adopting new technology, modernizing the process, and adapting to ever-changing market trends.
Why I’m so passionate about DE&I: Our industry should be representative of the communities we serve and reflect our population.
Why I’m so passionate about ESG: We must preserve this planet for our children and their children. As an industry, there is so much we can do, from supporting sustainable building to encouraging environmental action in our own communities. When it comes to social issues, we must be diligent in striving for and achieving fair housing for all. Where I’d like to be in five years’ time career-wise: I want to continue to grow in the ways I contribute to our network and support our members’ success – individually and as a whole.
What I do in my downtime: I love to cook and travel. My favourite dish to make is homemade pasta with bolognese sauce and my top travel destination at the moment is the US national parks. Experiencing the beauty of this world with our kids has been an incredible experience.
The job I’d be doing if I was not doing this: Victim witness advocacy or an attorney focusing on criminal prosecution.
My advice for someone just starting out: Be hyper-focused on a couple of things that will move you forward – not everything. In times of uncertainty, put your head down and work. Roll up your sleeves. Don’t be afraid to get in there.
My motto/mantra: Be of service, even in the smallest of ways. Smile at people. Say hello. You never know how it may help. Give back to the community you live in. It really grounds you. In the workplace, I think about how I can foster my team and what moves them forward every day.
January 24, 2024 – Leading Real Estate Companies of the World® (LeadingRE), the global network of premier real estate firms, has announced the addition of 36 new members to its professional community in 2023.
The new member firms to have joined LeadingRE’s network last year include property businesses from the UK, Europe, United States, Canada, Latin America, Caribbean, Asia the Middle East, and Africa. This remarkable expansion brings the firm’s worldwide membership to 550, representing a network of more than 138,000 real estate associates in more than 70 countries worldwide.
As an invitation-only business-to-business real estate community, LeadingRE interconnects top local and regional real estate firms across the world and supports their success with best-of-industry assets, like referrals, exclusive events, elite training and education, marketing and technology resources, and support.
Chris Dietz, President of Global Operations at LeadingRE, commented: “Last year we experienced some global economic uncertainty and challenges including interest rates rises and unforeseen fiscal fluctuations. Real estate is a people business and by connecting professionals around the world, we can enhance our understanding of property markets – both locally and internationally. We are delighted to see such diverse new members from APAC, EMEA, LATAM and North America join our ever-expanding community of leading professionals. We look forward to continued growth in 2024 as we embrace another exiting global real estate market of opportunity.”
Selected companies in the LeadingRE international network are recognised for their expertise and superior knowledge of both local and global markets. All LeadingRE members are vetted, not just for performance, but a continued commitment to quality customer experience.
A full list of new LeadingRE member firms can be found below:
By Chris Dietz, LeadingRE President, Global Operations
In the world of real estate investment, location is everything. Proximity to amenities, schools, and job centers often dictates the desirability and value of a property. But what about the presence of a sports stadium? For real estate investors, being near a major sporting venue can be a golden ticket but, in some cases, a risky gamble.
Proponents of investing near stadiums often highlight advantages backed by real-world statistics. First and foremost is the potential for substantial rental income, especially on game days. Rental properties near stadiums are in high demand, as fans flock to the area for pre-game festivities and post-game celebrations. According to a report by the National Bureau of Economic Research, properties within a mile of a National Football League (NFL) stadium can see rents increase by as much as 9%.
Furthermore, a sports stadium can act as a magnet for commercial development in the surrounding area. As teams and fans provide a steady stream of foot traffic, local businesses, restaurants, bars, and entertainment venues are more likely to flourish. A study published in the Journal of Sports Economics found that housing values near sports stadiums increased by 4.7% in the US.
These statistics are not just exclusive to US cities. For instance, the impressive Tottenham Hotspur Stadium in London has sparked a surge in real estate development. The area around the stadium, previously less glamorous, has transformed into a hub for real estate investment. According to property experts, the values of homes within a one-mile radius of the stadium have witnessed a substantial increase, making it a lucrative prospect for real estate investors.
Moreover, cities and municipalities often invest in infrastructure improvements around sports stadiums, including better public transportation, upgraded roads, and enhanced security. A survey by the International Association of Venue Managers showed that 82% of stadium owners reported contributing to infrastructure and development projects around their venues. These enhancements can enhance the overall liveability of an area, making it more appealing to both residents and investors alike. Well-planned developments can lead to an increase in real estate demand and, consequently, prices.
However, there’s another side to this story, and it’s not all golden goals for real estate investors near stadiums. One of the most significant challenges is the inconsistency of rental income. You may see rents dop in the off-season if it’s being used by sports fans. And while game days can be highly profitable, they also come with their share of headaches. Parking shortages, increased noise, and potential property damage from revellers are some of the issues property owners may face. Game days are not for the faint of heart when it comes to managing your property.
Moreover, the cyclical nature of professional sports can’t be ignored. Team performance and economic conditions can influence fan attendance, directly impacting the demand for nearby properties. The same report by the National Bureau of Economic Research found that winning an additional game during the regular season corresponds to a 0.14% increase in housing values within a mile of the stadium. Conversely, a losing season can lead to a drop in local property values.
The shift towards remote working and the adoption of flexible office arrangements have impacted traditional workspaces. The pandemic demonstrated that many businesses can operate effectively with remote workforces. As a result, commercial real estate around stadiums, which may have once been in high demand for traditional office spaces, is facing new challenges. Investors must consider this when evaluating the long-term prospects of properties in such areas.
Investing in real estate near sporting stadiums is generally a good move but can be a double-edged sword. It offers the potential for high rental income, increased property values, and a bustling local economy, but it also comes with challenges like inconsistent rental income, property management complexities, vulnerability to sports team performance, and evolving dynamics in the commercial real estate sector due to remote work trends. Real estate investors should approach such opportunities with a keen understanding of the local market dynamics, the financial strength of the sports team, and a tolerance for potential ups and downs. Like any real estate investment, thorough research, a solid business plan, and risk mitigation strategies are essential when considering a stake in the property game near sporting stadiums.
-Luxury Presence offers website design, modern marketing solutions, and an AI-powered mobile platform for real estate professionals. –
CHICAGO – (December 5, 2023) – Leading Real Estate Companies of the World® announced today that Luxury Presence has joined its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms.
Luxury Presence is a fast- growing digital platform for agents, teams, and brokerages. Their award-winning real estate websites, modern marketing solutions, and AI-powered mobile platform help real estate professionals attract more business, work more efficiently and better serve their clients. With a focus on stunning design, powerful built-in SEO, and effective lead magnets, Luxury Presence’s websites are designed to be both beautiful and to convert. The company’s suite of products also includes dedicated property websites, agent subdomain websites, a digital CMA and presentation tool, and advertising, content, and branding services.
“In today’s digital landscape, your website design is the gateway to your real estate world. It’s the visual handshake that propels you to the forefront. Luxury Presence’s well-crafted designs and forward-thinking strategies provide the tools to help set agents and teams apart from the competition,” said LeadingRE Vice President, Sales/ Partnerships Jeff Kennedy.
Luxury Presence Founder and CEO Malte Kramer said, “LeadingRE and Luxury Presence have a shared vision: raising the bar in real estate. That’s exactly what Luxury Presence does through our award-winning website designs and innovative marketing solutions for agents, teams, and brokerages. We’re honored to be selected to join the Solutions Group program and to empower their global network of market-leading independent real estate firms.
Learn more about Leading Real Estate Companies of the World® at LeadingRE.com.
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About Luxury Presence
Luxury Presence is a Los Angeles-based proptech startup that provides growth marketing solutions to over 10,000 agents, teams, and brokerages. Since launching in 2016, Luxury Presence has raised over $52M. Its notable investors include Zillow Co-Founder Spencer Rascoff, real estate coach Tom Ferry, NBA Champion Dirk Nowitzki, NFL Pro Larry Fitzgerald, Switch Ventures, Toba Capital, and Bessemer Venture Partners.
About Leading Real Estate Companies of the World ®
Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in over 70 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.
