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Read more on How Do Tenant Improvement Allowances Work?

How Do Tenant Improvement Allowances Work?

Subscription services like Amazon Prime offer a free month trial and internet providers offer two years on a lower fixed rate to get new customers—it’s clear that business incentives work. One of the main incentives that many companies look for in a commercial location is a tenant improvement allowance.  A tenant improvement allowance is the total sum of money or per-square-foot…

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Read more on What Are the Duties of a Property Manager?    

What Are the Duties of a Property Manager?    

A property manager definitely puts in the work to ensure all aspects of running a residential or commercial location are going smoothly. If you’re curious about becoming a property manager yourself you might be wondering, “What are the duties of a property manager?”   Below we answer just that.  What Are the Duties of a Property Manager?—Finding New Tenants  One of the major responsibilities a property…

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Read more on Commercial Lease Renewal Options to Inform Your Negotiations

Commercial Lease Renewal Options to Inform Your Negotiations

Once a lease ends you typically have two choices: find somewhere else to set up shop or look into lease renewal options. If you’re in an especially good location as a business, we recommend choosing the latter option.   However, lease renewal is not without its own set of choices. We break down how to help you through the process below.  Lease Renewal Options:…

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Read more on Are Commercial Rental Property Repairs Made by a Property Management Company?

Are Commercial Rental Property Repairs Made by a Property Management Company?

Whether your thermostat isn’t working or your shower isn’t running hot water, commercial rental property repairs often aren’t affordable. However, rental properties work differently than other types of property to get repairs done.   If you own your home, then it’s up to you to pay for all the necessary repairs and either do them yourself or hire someone to fix them. The same isn’t…

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Read more on What Is a Build Out?

What Is a Build Out?

The construction industry has its own set of terms that help communication flow smoothly between architects and contractors, although it's often complete gibberish to most people. That being said, it can often be helpful to know what some of those terms are and what they refer to. For instance, a common question in commercial real estate is “What is a build out?”   We…

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Read more on What Is Commercial Property Management? 

What Is Commercial Property Management? 

While similar to residential property management, in that certain duties are shared in both jobs, commercial property management differs in a number of respects. Commercial property management companies manage a wide array of commercial businesses to name one key difference.   Offices, retail spaces, storage facilities, shopping centers, and industrial buildings across a number of fields and industries are all managed and leased…

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Read more on The Ultimate Office Moving Checklist

The Ultimate Office Moving Checklist

Office moves can be time-consuming and are usually much more complicated than moving into a new house. Communication and proper preparation are important to have the move go smoothly and efficiently. We detail the most important steps for your office moving checklist below.   First Item on Your Office Moving Checklist: Set Up a Schedule  You’ll need…

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Read more on Top Tips for Finding the Best Commercial Real Estate Broker

Top Tips for Finding the Best Commercial Real Estate Broker

Your search for a commercial real estate broker should be similar to how you approach looking for a good dentist, doctor, or even lawyer. Get references from friends and professional connections, do your due diligence on researching as much as possible, and use a hefty amount of common sense.   With that being said, there is still plenty of inside information that’s handy to…

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