3 Reasons a Tenant Rep May be Right for You and Your Business
When it comes to commercial real estate, you may think you can handle the ins and outs on your own, however there are many scenarios where a tenant rep might be able to help. #1 You’re Overpaying on Rent One of the most common complaints within CRE is the rental amount for your business space. […]
Commuters are Being Pushed to the Suburbs, How it Will Affect Your CRE
In past years, many people have worked and lived in the same city, however over the past two years commuters have become more and more common and NY is no exception. As the prices for residential real estate continue to rise in major cities, many people are choosing to move further away into the suburbs, […]
Commercial Real Estate is in Demand as Remote Workers Return to the Office
Remote workers have become the new normal in the past few years as a result of the coronavirus pandemic. Today’s economy still has a far higher percentage of remote workers compared to years prior, with the percentage of remote workers more than tripling since 2019. While many companies have announced their intent to remain remote, […]
3 Ways to Prepare Your Business for a Recession
The fear of a recession sweeping through our economy has been looming in the back of many business owner’s minds. While we can’t control the economy, when it comes to owning a business there are a few ways that you can help prepare, ensuring that if or when a recession hits, you’re ready. Related: What […]
5 Things to Know Before an Office Relocation
5 Things to Know Before an Office Relocation – Planning an office or business move can be a big undertaking but it also depends on how large the business is. With many of us working from home, a migration might not be as complicated as it once was with not everyone coming into the office […]
What is a Sublease and Is it Right for Our Business?
What is a Sublease? A sublease is a lease by the leasee of an estate, business, office building, or other property to a third person conveying all or part of the property for a shorter term than that for which the leasee originally holds. This is technically a new contract between the leasee and the […]
Importance Features of a Commercial Building to Appraise
In many cases, a commercial building appraisal can be an inexact science. There is so much going on in corporate buildings, with so many features to take into account, that it can be exceedingly difficult to arrive at a fair estimate of the property’s value. This is further compounded by ever-evolving social and legislative expectations […]
5 Reasons You May Need a Tenant Representative
Can you go and buy a commercial property or lease commercial space without any representation? Sure! Will you get the best deal? Will you get the best properties for your business and needs? Will you understand everything about the leasing process? Will you understand the legal jargon that comes with the contract? Maybe or maybe […]
What to Expect During a Tenant Representation Process
Set goals – high goals for you and your organization. When your organization has a goal to shoot for, you create teamwork, people working for a common good. – Bear Bryant, former Alabama college football coach and six-time national champion. Tenant representation is part of the commercial real estate process. A broker or tenant representative […]
What Is an Add-On Factor?
The add-on factor is the percentage of a building’s gross usable space that is added to each tenant’s rented space to determine their total rent. KEY TAKEAWAYS The add-on factor is the percentage of a building’s gross usable space that is added to each tenant’s rented space to determine their total rent. The add-on factor […]
