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.
Archive for the ‘ Commercial Leasing ’ Category
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.
A landlord has options when it comes to real estate. He can take on either residential or commercial properties, with plenty of subsets within each category. While there are numerous benefits in managing residential real estate, commercial property also has its benefits for landlords. See below a few reasons why commercial real estate might be a better fit for you.
Investors, owners, and property managers are dealing with unprecedented circumstances with their commercial properties, and retail stores are taking a hit across the country in current events. No matter what season commercial properties find themselves in, one must take appropriate measures to maintain a secure system to prevent and reduce damage from internal and external threats. Below are some general retail store security tips to consider for your commercial real estate.
Investing in commercial real estate is a lucrative way to make a living. When done wisely, it can help you reap a sizable income and also provide premium space for tenants to live or run their business. If you are interested in investing in commercial real estate, you will likely run into the challenge of finding a promising property in which to invest. Make sure you can check off these items before you decide on a property.