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Why Invest in Industrial Real Estate?

May 13th, 2021
clagett enterprises industrial real estate

Industrial real estate is a type of real estate that will always have a use.

The pandemic has pivoted the way we think of the real estate industry. Even though more and more people are fully vaccinated at this point, some offices have decided to go fully remote. This has shifted the market by an increased amount of people looking for high quality living spaces, and diminished the desire for office real estate. However, there is one type of commercial real estate that has not been affected by the crazy pandemic market– industrial real estate. This makes industrial real estate a solid, dependable choice for anyone looking to invest in commercial real estate in 2021. But why is that exactly? Read below to find out! Read the rest of this entry »

Commercial Real Estate: Four Reasons to Rent

May 6th, 2021
clagett enterprises commercial real estate

Commercial real estate renting has a lot of advantages, especially today.

There’s a common misconception in the commercial real estate industry– buying is always preferable to renting. Sure, outright purchasing a property does have its advantages, such as customization prospects and long-term availability. But renting is also an equally solid solution to office real estate. Many people say, “Why would you continue to line a landlord’s pocket by renting,” or “Why throw all that money away every month?” But those people are grossly misinformed about how renting actually works. In fact, in some situations, renting is actually the ideal form of acquiring commercial real estate. Here are four reasons why renting works when it comes to commercial real estate.  Read the rest of this entry »

Why Micro-Units are a Popular Choice in Office Real Estate

April 28th, 2021
clagett office real estate

Just because your office real estate is tiny doesn’t mean it can’t be effective!

Focusing on micro-units in office and retail real estate can make all the difference for your business. In fact, with “affordable housing” continuing to be the buzzword of the past decade, business owners are starting to find ways to make the most out of their real estate investments. This ultimately means that as costs of living continue to rise, developers all around the area are focusing on affordable housing options for their customers. But, there is also an affordability crisis that is taking place among entrepreneurs and startups. How so? The cost of commercial space has sky-rocketed over the last few years. This has brought in the rise of micro units and why they are becoming increasingly popular among office real estate needs for businesses. Here are just some key reasons micro-units are becoming a mainstay in office real estate these days. Read the rest of this entry »

Why The Business Park Is Still A Great Choice

April 22nd, 2021
clagett enterprises business park

A business park remains a great place to rent or buy office space for your business in 2021.

During this pandemic, many businesses have moved out of the office and into private homes. While this at first was a temporary precautionary solution to keeping office workers safe, more and more business people have chosen to stay at home. This has put a question on many people’s minds: is keeping an office space worth it? The reality is, it’s up to how your business wants to operate. But there are lots of tenants that are slowly but surely arriving back at the office or considering an entirely different space for a corporate refresh. This is where a business park comes in. A business park was once the most sought-after area to place your business since it was often accompanied by convention centers and hotels for market professionals to reside in during business meetings. And despite the pandemic’s adverse effect on commercial real estate, a business park is still a great place to have your office space. Here’s why. Read the rest of this entry »

Retail Leasing 101: Four Steps To Finding The Perfect Space

April 15th, 2021
clagett enterprises retail leasing

Learning the process of retail leasing will soon earn you your dream retail space!

Do you own a retail business or plan on starting your own soon? More than likely, you’ll need a place to sell your wares or offerings. If so, you are going to need to start by looking for retail space. Finding a space is relatively easy, but the more complicated part lies in the retail leasing stage. But there is no need to worry. Clagett Enterprises has prepared this for you to use on how to get familiar with the process of retail leasing with this simple four-step guide.   Read the rest of this entry »

Three Effective Ways to Find Office Tenants

April 9th, 2021
clagett frederick md office tenants

Finding quality office tenants might be a bit scary at first, but they won’t be so hard to find after reading this guide.

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 »

Choosing Great Property Management For Your Building

April 2nd, 2021
clagett enterprises property management

Finding a good property management company doesn’t have to be impossible with the help of these tips.

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 »

Should I Make Commercial Property Out of a Residence?

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.  Read the rest of this entry »

A Quick Guide to Choosing A Commercial Office Space

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. Read the rest of this entry »

What is the Commercial Real Estate Load Factor?

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. Read the rest of this entry »