So you’ve just completed construction on a brand new or freshly renovated commercial property. You want to find some great office tenants that will be able to bring the best quality of work to space. But there are hundreds of businesses out there, all in different industries and with different reputations. And more and more businesses are moving to Frederick, MD, because of the growing push for industry and great rent value. You want to make sure your corporate building is at full capacity of respectful and hardworking office tenants. How can you attract the best businesses, companies, or firms to your commercial building? Here are three ways to begin your search for the perfect office tenants for your commercial property. Read the rest of this entry »
Investing is never easy, and there are always risks involved, no matter what. A lot of sectors require a lot of involvement after investment to ensure the best results. Luckily, commercial real estate is not one of them. For example, you can hire a property management company to essentially take care of the building you helped to create. They can take care of maintenance, repairs, and leasing of the property after it is built. Having a great property management company will do wonders for your commercial property and make sure it is rented to full capacity. But there are thousands of property management companies out there. How will you know which one to choose from? Here are some tips for finding perfect property management for your commercial property or business center. Read the rest of this entry »
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. Read the rest of this entry »
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. Read the rest of this entry »
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. Read the rest of this entry »
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. Read the rest of this entry »
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.
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.