Commercial office space has nearly become a point of contention in today’s commercial real estate world. Due to current events, companies have shifted even more toward the remote work trend, emptying office buildings completely. However, physical locations in which teams can gather proves to be best for direct communication and even productivity and morale. When office tenants move to a new property, they want several specific things.
Archive for February, 2021
Emergencies happen. They come in all shapes and forms, and at all levels of severity. In multi-family apartment complexes, mixed-use office buildings, or condominiums, an emergency can quickly turn into a disaster. Property owners and property managers must be fully aware of all of these possible events and be prepared as fully as possible. In commercial real estate, emergency planning and your choice of property manager are vital.
Commercial property has an effect on everyone. It affects other neighboring buildings, it affects any nearby residential properties, and it certainly affects the tenants who move into it. No matter how old or young your building is or how long you have owned it, a commercial property requires periodic renovations, just like any other property. As a responsible landlord or owner, you are sure to be ready to make your building into its best self. If so, consider the following tips!
There is one tough question that every business owner must face at some point: should you rent or buy office space? The benefits of even having a physical office location are apparent. Communication, collaboration, and bonding are at their best when in-person, and customers can see that you are here to stay when you’ve invested in a building. In other cases, a physical location is essential to providing your services. No matter what type of business you have, the question of whether to rent or buy office space is often muddy and nuanced according to each company’s circumstances. However, the classic list of what each has to offer can help you in your decision.