In December of the year 2019, a new strain of the Corona Virus emerged. Severe Acute Respiratory Syndrome Corona Virus 2, commonly referred to as COVID-19, took the whole world
As they often say, health is the utmost wealth each individual must treasure. People should prioritize health, for it is the foundation of their productivity and enthusiasm to work and
Many businesses do not have a designated internal real estate personnel to manage the expansion or relocation process. Therefore the burden of a move is placed on a current staff
When contemplating a commercial real estate transaction, it is necessary to establish a relationship with a number of service professionals. These people should be experts in their field and able to help guide the process. In addition to a commercial real estate broker, an attorney is a necessary part of a successful transaction.
Following shortly after budget and spacial needs (square feet), location is very important to many prospects when looking for a new office, retail site, or industrial building. However, it is not just the physical location of the site that is important, factors like demographics, accessibility, visibility, and proximity to referrals/competitors are very important.
The tenant improvement dollars differ based on a number of variables including motivation of the landlord or owner, other monetary negotiations such as sale price or rental rate, and other concessions the landlord or owner have made for this particular real estate transaction.
Many times companies start the real estate process on their own, looking for sites that interest them. They gather information by calling each property and the broker that represents it. Although this may result in the same end goal, it is often times not the most successful and time saving or cost saving method. Forming an exclusive relationship with one broker that will lead this process is very beneficial for a number of reasons.
Similar to using a Realtor to look for and purchase a home, a commercial real estate broker helps clients look for and either rent or purchase office, retail, medical, or industrial space and land. This process is known as tenant representation and is a very common practice for many businesses looking to move, expand, or add additional locations.
Many company leaders are looking for alternative ways to cut costs, that won’t affect the staff they have come to appreciate so much. Second only to payroll, real estate always ranks amongst the top expenses on a business’s checkbook. We’ve come up with three ways to potentially save you money in this department.
