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 right, a written contract. No matter how well-intentioned both parties are – weather it’s your tenant, vendor or supplier – operating on a handshake is…
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 lease agreement. If you position yourself as a well-informed tenant that understands your leasing options and how they relate to the evolving needs of your…
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 vacancy rate of your commercial property. If you are wondering which steps these might be, you are in luck! Reduce the Vacancy Rate of Your…
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 need. Despite the claims from investors on late-night TV with programs to “get rich quick,” investing in commercial real estate can be tricky. It takes…
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, which is your business as an owner. Because of the critical role your vendors play in keeping your business running, it’s important to build (and…
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 daunting, as long as you know what to look for beforehand. If you are ready to take the leap and help your business grow into…
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 ways to reduce their operating costs but the key is to do so without sacrificing the quality. So, what are the best ways to reduce…
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 a power outage because well, businesses run on electricity. These interruptions could significantly disrupt your operations, especially if the power outage is long-term. Luckily, there…
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 includes blistering heat, increased energy bills, and of course, monsoon season. The Arizona monsoon season typically lasts from mid-June to late-September. While these rain storms…
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 investing in commercial real estate. The danger in this belief is that online articles are written daily which fail to dispel, or oftentimes even acknowledge,…