2020 Commercial Real Estate Market Review

2020 Commercial Real Estate Market Review

The impact of COVID-19 on commercial real estate While the COVID-19 Pandemic has wreaked havoc on the retail and office market, residentialactivity has been on fire. According to the Census Bureau, annualized spending was $667 Billionin 2020 for residential real...
Understanding Letter of Intent

Understanding Letter of Intent

For example, understanding the lease type is critical to budgeting your rent. If the lease is a triple net (NNN) lease, then the tenant needs to understand that there are multiple expenses not included in the base rent. Triple net leases separate taxes, insurance and...
9 Steps to Buying a Commercial Property

9 Steps to Buying a Commercial Property

1) Hire a Commercial Real Estate Agent Commercial real estate transactions can often be lengthy, complicated, and unpredictable. Consequently, there are many benefits to hiring a commercial real estate agent who is familiar with the industry and the process of...
5 Steps to Leasing a Commercial Property

5 Steps to Leasing a Commercial Property

Leasing a commercial space is one of the first steps in starting a new business or expanding an existing business. While leasing commercial space seems straightforward, there are several important aspects of the process that can be complicated. With that said, we have...
Different Lease Terms

Different Lease Terms

When leasing property remember, there are a myriad of lease types and terms. One Broker may call a lease where the tenant pays “base rent” and his portion of all the operating expenses, a “triple net” lease while another calls it a “net lease”. Class A office leases...
Assessing Your Business

Assessing Your Business

Where does my business come from? Determining where your business and clients come from will help you decide where youshould locate your business. For example, a hair salon will not lease the same space as amanufacturing company. Hair salons may depend on foot...