No one likes to have a building sitting empty: not the local government, not the neighbors, and especially not the building owner. It’s an easy trap to fall into, however, if you’re playing Goldilocks and waiting for the absolute perfect tenant. At the same time, no one wants to sign a lease to a terrible tenant simply to have a building be occupied and then have that tenant fail in some way soon after. One thing you should be doing is screening potential tenants before spending time and money on more in-depth investigation. These questions are a good place to get started.
Commercial real estate investing is one of the most stable forms of making a living. However, it takes considerable skills and knowledge of the market to perform wisely. One of the choices an investor must make is what type of property to invest in. Believe it or not, industrial real estate may be a better choice for you than office, retail, or multi-family properties.
Life is unpredictable, but some things are more bound to follow patterns than not. The commercial real estate market is no exception. Investors seeking to improve their buying strategies will quickly realize that timing is one huge factor in investing smart. Below is a brief look at what the best time is to buy commercial real estate.
Commercial real estate undoubtedly took a turn for the worse in 2020, and although some types have thrived more than others, it will take time to see whether the commercial real estate economy rises or falls overall. Thankfully, as 2021 dawns, CRE experts are tentative yet have good hope for a positive turn for this industry in the coming months. Below is a brief look at the CRE trends for 2021.
For many successful businesses, the magic formula comes down to having a great business plan, at the right time, in the right location. After all, if your business isn’t where people can find you, it doesn’t do any good to have gotten the other factors right. You’re not trying to spend too much on rent every month, though, even for the perfect space. Whether you’re first opening up or moving someplace new, keep these tips in mind for negotiating your retail lease. Read the rest of this entry »
You are on your way to purchasing or renting new office space; congratulations! Having an official, physical location for your business is a sure way to establish trust, a professional image, a place to meet with clients, and an opportunity to bond and collaborate more closely with coworkers. As a hefty investment, it will take considerable budgeting to make sure you are getting the best deal overall. Below are several ways you may need to budget for office space.
Businesses have a lot to look forward to in 2021. With the year almost over, one may believe that remote work is the new normal. Even so, there is still value in physical office locations and hope that companies can make use of this asset in years to come. If you are looking for new office space in the coming year, the office condo may be for you.
Commercial real estate investors have a lot of options. They can specialize in multiple types of CRE, including office buildings. One type of office building that one might overlook is the business park. Are business parks obsolete? Will remote work and virtual service overshadow this form of real estate? Not at all! Here are several perks inherent to the business park.
Office space is still necessary for many businesses. Even with the surge of remote work over the past few years and especially this year in 2020, office spaces will continue to exist. As a business, you work as a team to collaborate and build community while you’re at it. Communication is never better than when you’re face-to-face. If you are searching for the best office space or wondering whether to expand or detract your square footage, check out these tips.
Commercial real estate has undoubtedly taken a hit due to this year’s debacles. With the lockdowns and the increasing popularity of remote work, it might look like commercial real estate has taken a serious blow. However, because of the economic success in pre-pandemic months, some businesses are suffering less than one might think. In addition, some businesses have actually thrived during this time. If you are a CRE investor looking to broaden your portfolio, here are a few areas to check out.