News

At the start of 2023, McKinsey released a report detailing the rapid surge in demand for data center real estate. They also projected that the industry would grow by around 10% per year through 2030.

Since then, we’ve seen the industry continue to go from strength to strength, with some experts even stating that the forecast may be low and that we should expect an even steeper growth trajectory.

Whichever of those predictions you believe, the overall upward trend is clear.  Evidence from indicators like construction, leasing, and investment activity all support an outlook of sustained growth and continued demand for data center real estate

Though it’s always been “big business”, the past several years has seen a dramatic spike in the number of people prioritizing health and wellbeing. The wellness lens has been applied to everything from tourism to shopping and fine dining, and of course, we’ve seen growth in how wellness is factored into the built environment — especially in terms of improved amenities in both residential and commercial space.

In fact, a recent report from the Global Wellness Institute (GWI) shows that expenditure on the construction of wellness real estate grew to USD 438.2 billion in 2023, and it’s still growing. Over the next several years, GWI projects

At Ashby Development we have enjoyed working with many Agents and Brokers over the years.  Many have put in the time and energy to achieve certain industry designations, such as CCIM, SIOR, or CPM.  We have found that the real estate professionals we have dealt with who have obtain their industry designations have stood out from the crowd and have provided a higher level of service to our company.

A number of Agents and Brokers at with our brokerage company, NAI Dominion, have achieved their CCIM designation and we see first hand

Ashby Development would like to thank our strategic partners at NAI Dominion for their quick results in leasing our 12,000 sqft industrial property in Chesapeake, Virginia.

CHESAPEAKE, VIRGINIA: NAI DOMINION, announces the completion of the following transaction in the Hampton Roads metropolitan market for 12,000 square feet of flex space.
Maurice Electrial leased 12,000 square feet of flex space located at 830 W. Professional Place in the Greenbrier section of Chesapeake, VA. NAI Dominion’s Patrick Reynolds represented the Landlord in the lease negotiations. NAI Dominion also provided project management and construction management

“Commercial real estate investing is a growing industry where personal relationships are pivotal—and these relationships are commonly built via face-to-face meetings and document-heavy correspondence. Sponsors and investors have typically exchanged information through low-tech and high-touch channels, without a great reliance upon technology.”

“As a result, the traditional commercial real estate investment process ends up being long and drawn-out, and because of regulatory restrictions, a sponsor’s network of investors has been limited to the people he or she already knows—friends, family members and business colleagues in particular.”

“Recently, however, some restrictions have been

Very interesting article by Bendix Anderson of National Real Estate Investor, regarding Class-B, Suburban Class-A Apartment Properties.

“Class-A apartments in core neighborhoods may no longer be the best investment in today’s market. Vacancy rates are rising for to the most expensive apartment communities in urban neighborhoods, research shows.

“The urban class-A market is seeing some pressure. It’s not a crisis by any means, but it’s now an underperforming segment of the market,” says Jay Parsons, an expert with MPF Research, a division of RealPage, Inc., an apartment market intelligence firm. “We expect