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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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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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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Putting a value on most items is relatively easy, but when it comes to valuing commercial real estate the process isn’t quite as straightforward. When you’re buying a commercial property the most important question you want to know the answer to is usually ‘what does it cost?’. However, getting a clear understanding first of what…
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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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If you own commercial rental space, whether many units or just a few, one fact holds true; in order to maximize profits on every space, you'll need a top property management company handling all the details. Let's be honest, it used to be that any old property management company was satisfactory. just so long as…
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While you may think that landlord skills are naturally inherited, you would be wrong! Many people feel they don’t want the expense of hiring a commercial property manager and feel they will do fine on their own. It is a common misconception in our industry. The benefits will outweigh the costs. Here, we will discuss…
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Most people are familiar with residential property management and commercial property management. Understandably, we often get asked, “what is industrial property management?” as industrial property is often perceived as the same as commercial property. However, this is not the case. Commercial property is divided into several different categories, one of which is industrial property. Further,…
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As someone who has recently become a commercial property owner, you may ask yourself, is it worth having a property manager? Who will find you new tenants when yours move out? Who will handle complaints about a store's mechanical operations that need tending to right away? Who will handle tenants who do not pay rent…
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Knowing how to calculate rentable square footage is extremely important, especially when you’re looking to lease a new commercial space for your business. A proper calculation of the space can help you save money. An improper calculation can make the difference between a great or awful commercial lease; since landlords often charge based on the…
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