Commercial real estate is merely the buildings that house people and their services and amenities. Commercial buildings are schools, stores, offices, restaurants, and cultural centers. It is where communities thrive in a way not feasible in a residential house. Likely, investors, owners, and property managers of CRE know this, and know just how important their buildings are. Below is a brief look at how exactly commercial real estate affects downtown in particular.
Posts Tagged ‘ commercial real estate ’
Commercial development can look like various things, such as the construction or reconstruction of data centers, warehouses, self-storage, retail, or office buildings. Constructing new buildings in a local area can have its pros and cons, but it can certainly have several benefits if it is done right. Below are at least three benefits of commercial development.
If you are on the lookout for a brand new office real estate location for your company, you are likely facing hundreds of vacant commercial lots or properties to choose from. But, especially for a brand new start-up or rapidly expanding company, you may be having trouble figuring out what size of office real estate will work best for your company. Many people that are inexperienced in the world of office real estate may simply look at a property and say, “This will do” and sign a lease, even if it, in reality, will not suit their company’s needs properly. Make sure to read this if you are looking into purchasing or renting office real estate to make sure your company will be getting the right size for its operations! (more…)
Most adults know what the word real estate means: a property that is available for sale. Most adults also know that there are two different types of real estate; residential and commercial real estate. What most adults don’t know is that each type of real estate is very different from one another, even though both have to do with buying property. For instance, if you are interested in investing in either, you’ll have to know the major differences between the two, or some serious mistakes could be made. Before investing in residential or commercial real estate, understanding the differences between the two is essential. Here’s a quick guide to their similarities and differences. (more…)
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! (more…)
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. (more…)
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. (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 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.