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. (more…)
Archive for the ‘ Commercial Leasing ’ Category
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…)
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…)
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. (more…)
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.
Office spaces have existed for decades, but did you know that these objects, like many other things, pass through trends as well? Just as architectural styles differ through time, office space configurations also change. For the last several years, remote work has become a part of normal work life for most, and this year has only confirmed its viability. If you own a start-up, should you throw the idea of office space out the window? Here are a few reasons why start-ups should have office space.
The office your business operates out of is more than just space to work. It is a statement about your company and brand, a sign to future employees about your culture, and a means of either improving or demolishing employee morale and productivity. A lot rests on the space. So when it comes time to upgrade or move, it is not a decision to be taken lightly. Of course, there are questions about the value of buying commercial property versus renting, but there are also other factors you need to consider so that you choose the best office space for you and your company.
The coronavirus has affected every industry and every person in some way or another, and sadly, commercial real estate is also taking a hit. Businesses continue to reopen in Maryland as cases slowly fall, but some business locations are likely to diminish.
Passive income is always desirable. Who doesn’t love the idea of reaping in wages without doing much work in the long-term? However, some may wish to be more involved in the process. When dealing with real estate, one has many options from which to choose and can take on the role of a landlord or a real estate investor. To see which one might be a better fit for you, read the brief analysis below.