At first glance, projecting the cost for renting space in a commercial building may seem pretty straightforward. Once you decide on a commercial space to lease, you negotiate a cost…
Owning commercial real estate can be a rewarding investment. However, the real heavy lifting begins after the purchase contracts are signed. Wondering how you can make the most of your…
Moving is stressful. It’s not just the logistics of getting your business packed up and moved over to a new office space — it’s the uncertainty of how things will…
Now that you’ve negotiated your tenant improvement allowance with your landlord and signed your lease agreement, it’s time to get to work and partner with the right tenant improvement contractor…
When leasing commercial real estate properties such as office space, retail space, or warehouse space, landlords will typically offer incentives to get tenants to lease space in their building. One…
When it comes to securing a commercial real estate deal, the due diligence process sometimes takes a backseat to seemingly more important factors, such as raising money and negotiating the…
Most tenants who lease commercial space think that renewing the lease is an easy process that does not require any additional work. Well we’re here to tell you if done…
When a rental property turns over, the owner has to fork up the cash to do all needed repairs and updating to the property to make it rentable and desirable…
Signing a commercial lease is always exciting—and of course, a little nerve-wracking. On the one hand, a new space means new possibilities. On the other, a commercial lease is a…
Getting tenants is just the beginning. The real struggle in the world of commercial real estate is retaining tenants after their initial lease agreement has expired. In commercial real estate,…
The goal of investing is to receive the highest possible rate of return on each investment. The higher the return, the more you earn and the more the investment is…
When you near the end of your commercial lease, you may consider renewing and staying in the space. A lease renewal gives you the chance to evaluate your business position…
It’s too late to make changes after you’ve signed a commercial lease for an office building or retail space and the ink has dried. It’s vitally important that you understand…
While all real estate acquisitions should be subject to meticulous and comprehensive due diligence, commercial real estate can be especially complex, with additional factors such as leases, rent rolls, and…
Owning a commercial property requires you to work with outside vendors and suppliers. As a key part of your property’s success, vendors can make or break your business. In fact,…
Commercial tenants often underestimate the importance of establishing a good relationship with their landlord, however, this is something that as a tenant, you should be prioritizing. Developing (and maintaining) a…
Commercial real estate represents an exciting, often profitable, opportunity for both the veteran and beginning real estate investor. With its higher income potential — and stable vacancy rates when compared…
If you’re just getting started in real estate investing, don’t expect to become an expert overnight. Yes, you can make money buying and selling properties, but it’s important to remember…
As a commercial tenant, you may be able to sublease part of your space to a third party. This can be a good idea if your business is downsizing and…
Commercial real estate is at the top of many investors’ wish lists, and for good reason: it has proven to be a lucrative endeavor time and time again. However, if…
With agreements being the cornerstone of most business arrangements, you might be surprised by the number of business owners who continue to ignore the importance of putting it in writing–that’s…
Lease renewal time presents an opportunity for companies to assess their current position as a tenant, revisit the commercial real estate market and use that information to negotiate a better…
Vacancy is the bane of every owner’s existence. While there are many things that can lead to high vacancy rates, there are specific steps you can take to reduce the…
Investing is a game balancing risk and reward. If you are considering investment opportunities in commercial real estate, there are a multitude of resources to help gain the knowledge you’ll…
Vendors and suppliers provide a critical service for any business. In commercial real estate, this service plays a critical role in keeping a commercial building or property up and running,…
Signing a commercial lease is one of the biggest steps in a business owner’s entrepreneurial journey. While leasing a commercial space might sound intimidating, it really doesn’t have to be…
Reducing operating costs is paramount for any business. Improving the operating costs of your commercial property also means putting yourself ahead of your competition. Owners should always be looking for…
Planning for emergencies in your commercial building is simply an essential part of good management. One of the most common emergencies you should be prepared for as an owner is…
If there is one thing I know as an Arizona native, it’s that summers here aren’t for the faint of heart. The summer forecast in the Valley of the Sun…
With the internet at our fingertips, it can be enticing to read the first article that pops up on Google and assume that it has the most accurate information regarding…
Whether you are a landlord or a tenant, one of the crucial terms to consider when negotiating a lease is the renewal clause. The renewal clause grants the tenant an…
As the owner of commercial property, you likely are tasked with a number of financial obligations when it comes to maintaining or making improvements to the building or land you…
If you have entered into a lease agreement for commercial retail, warehouse, office space, or any other building or facility used for business purposes, you may find yourself in a…
When owning a commercial property, there are two main objectives to be accomplished: preserving the value of the property and generating enough revenue to return a profit. The best way…
In today’s complex real estate markets, selecting the right commercial property management firm is one of the most important decisions investors can make. Trained, experienced, and creative real estate managers…
The opportunity to own property is seen by many as a rite of passage — and it’s even better when it can make you money. That’s where commercial real estate…
One of the biggest mistakes investors make when financially evaluating an investment property is that they fail to include a capital expense budget for the property. When acquiring an investment…
Net Operating (NOI) is a calculation of the income generated by a real estate investment. It measures the amount of cash flow generated by an investment property after operating expenses,…
With commercial rent on a downturn and plenty of leasing space available, understanding the basics of a commercial lease can be essential to keeping commercial property afloat. The flexibility inherent…
When you lease commercial space, you pay for more than just the square footage you will occupy. Many, if not most, commercial leases are “triple net” (NNN) leases which require…
Many business owners seeking office, retail or other commercial spaces, believe that when a landlord or broker delivers a lease to a tenant it is a ‘take it or leave…
You’ve searched for the perfect commercial investment space, gone through the necessary steps to purchase it, and suffered through lengthy renovations and building improvements. After months of hard work and…
What Does “Base Year” Mean and Why is it Important? When it comes to determining your operating expenses as a tenant, one of the most important yet commonly overlooked stipulations…
One of the most common questions that come up when leasing commercial space is whether a tenant is better off signing a long-term or short-term lease. While there’s no right…
The key differentiator between having a fruitful and a loss-making deal when acquiring, selling or investing in commercial property is knowing how much it is worth. Whether you are seeking…
Why is a CAM audit important? As an owner, your goal is to maximize your return on investment – which includes optimizing cost sharing with your tenants. Although common area…
Commercial buildings must provide a safe and secure environment for both the tenants that occupy it and members of the public. Commercial inspections take place at various times. During the…
Don’t Be Fooled… From handling the day-to-day operations to tenant sourcing and screening, the fact is that a good commercial property manager, for many busy owners, is a true lifesaver.…
Many real estate investors fail to recognize the importance of the market analysis. Whether they lack the skills and knowledge to complete the market analysis or just don’t understand the…
Whenever you embark on any form of construction work in an existing building, you’re first request from the design team should be for As-Built Drawings — for review, and to…
If you had an examination starting tomorrow, would you be ready? If one of your critical third parties announced it was ceasing business, would you be prepared? If there’s a…
Whether you own a shopping center, office building, restaurant, or retail store, failing to invest in maintenance now will cost you in the long run. As an owner, you want…
As an owner, you likely know that your prosperity hinges upon your ability to create a personalized experience for new and existing tenants. However, developing a strategy to accomplish this…
As a property owner for commercial businesses, you have a lot on your hands as a real player in the commercial real estate industry. Real estate is, and always will…
A key factor in any successful commercial real estate business is the vendors the stakeholders work with. However, many business owners underestimate and underinvest in the management of their suppliers.…
Commercial real estate transactions often have long-lasting consequences including the ability to gain or lose a significant amount of money. If you are interested in purchasing commercial property, having the…
While keeping tenants happy and satisfied is critical to the success of any investor, one of the common mistakes that owners make is failing to foster a great working relationship…
In an ideal world, you would never have to find new tenants for your investment properties. You would purchase the property, make any necessary upgrades and repairs, find a quality…
Whether you’re interested in a future venture of investing in commercial real estate or you currently own commercial property and would rather have someone else handle the details, you should…
Various unwelcome situations can occur during the implementation of a construction project. Undesired circumstances such as extreme weather events, industrial accidents and technical failures, can cause significant damage to a…
Good construction management is the process by which a project is brought to a successful conclusion. But without a good construction manager, even a well planned project can fall apart…
In this post we outline key financial components that should be analyzed and assessed to properly prepare an operating budget for a commercial property. This is no easy task, and…
Although common area maintenance (CAM) charges are a routine element in most commercial leases, their terms can vary significantly. To execute an accurate annual reconciliation of these expenses, there must…