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Archive for March, 2021

Should I Make Commercial Property Out of a Residence?

Friday, March 26th, 2021
clagett enterprises business space

Converting an old residence space to a commercial property requires a lot of steps.

In recent years, converting unused commercial property to residential property has been a trend to make use of already available resources. Stories of taking old shopping malls and making the store spaces into micro-apartments have gone viral. But there is value in the other way around as well. In some areas, especially historic or crowded urban areas, commercial property space is at a premium. One solution is to convert a residence into a commercial property business space. But how does one do this, and is it worth it? Read more to find out.  (more…)

A Quick Guide to Choosing A Commercial Office Space

Thursday, March 18th, 2021
clagett commercial office space

Choosing the right commercial office space is not only beneficial to employees, but clients as well.

Every business owner wants to have a beautiful, spacious office that creates an engaging and lively work environment for maximum efficiency.  The sole way that this can be accomplished is by choosing a commercial office space that is perfect for your company. However, it’s important not to just jump right into a real estate contract. There is a lot of planning that must occur before choosing your dream commercial office space. These are some helpful pieces of advice to help make sure that you are completely confident in the commercial office space you chose to represent your company with no regrets. (more…)

What is the Commercial Real Estate Load Factor?

Thursday, March 11th, 2021
clagett commercial real estate frederick

A commercial real estate floor plan is essential to calculating load factor.

So you’ve finally decided on a great piece of commercial real estate to settle your office or business into. You hope your business will soon have a place where employees can gather and discuss with ease. However, there are still some factors you need to prepare for financially before jumping straight into a lease or rental contract. You are likely paying for a common area or building use fee on top of a rent charge. This includes areas that all tenants use, like a parking lot, elevators, and hallways. These are added to your monthly rent bill as something known as a “load factor.” Understanding what a load factor is is extremely important for properly budgeting for rent each month and also will help clarify exactly what you are paying for. This article will help clear up the often confusing terms and conditions of commercial real estate load factors. (more…)

Why Commercial Property in Frederick, MD is Hot Right Now

Thursday, March 4th, 2021
There are hundreds of reasons why Frederick, MD, is a trendy place to locate your commercial property, but here are just a small few to convince you the investment is worth it.

Frederick, MD is a really great place to consider moving your commercial property to.

Frederick, MD, was once a small, sleepy town situated on the way towards Western Maryland but now is a prime location for buying or renting commercial property. Frederick now helps to form a powerful business triangle with Baltimore and Washington, DC, once the largest cities for employment in the DMV area. Over the last 20 years, Frederick has increased its business and economy to support over 3,500 professional offices and employers. There are hundreds of reasons why Frederick, MD, is a trendy place to locate your commercial property, but here are just a small few to convince you the investment is worth it. (more…)