Yearly Archives: 2016

What Percentage of Your Sales Can You Expect to Go for Rent?

If your business makes $1 million per year, that’s terrific. But if your annual rental costs for your prime commercial real estate is $999K, your profits are suddenly not all that great. While our example may be a bit far-fetched, it’s not unusual for businesses to end up with leases that constantly gobble up a large portion of their profits. Calculating Rent Based on ...

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How Long Does It Take to Lease a Commercial Space?

Even if you’re itching to get out of your existing office space tomorrow, your actual move to a new space will take a shade more time. In fact, the commercial leasing process can last anywhere from several weeks to a full year, depending on the length of each of the multiple steps you’ll need to take. Figuring out your office space needs: One to three weeks Here you ...

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How to Investigate Your Prospective Commercial Landlord

When it comes to renting commercial space, landlords are always investigating prospective tenants to help ensure there will be no unpleasant surprises. And nothing says tenants can’t do the same before signing a lease and moving in. Landlord Credit Check A building owner’s creditworthiness is extremely important, especially in an economy where major real estate holde ...

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Commercial Leasing: Usable Areas vs. Rentable Areas

When it comes to evaluating your new office space, one of the first things you determine is the total rentable square feet. If you’re looking at a 2,000-square-foot office space, you should expect to pay rent for 2,000 square feet of space, right? Not so fast. The 2,000 square feet may indeed be the size of the office you’re looking at, but commercial leases gen ...

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Commercial Real Estate: Getting the Right Lease Type

Getting a supreme deal on your next commercial real estate lease can largely depend on the type of lease you get. Commercial real estate leases come in three basic types: gross, net and modified gross lease. Gross and net refer to two different ways your rent can be calculated. Gross Lease This lease typically involves the tenant paying one large sum for his rent, wi ...

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How Open Office Environments Can Kill Productivity

The trend of open office environments is quickly killing off the traditional cubicle, but they could also kill employee productivity unless they’re set up right. Noise, nearby activity and other interruptions make employees lose an average of 2.1 hours of worktime per day, according to a Basex Research report. That adds up to more than $588 billion in lost work time ...

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How to Save Money with Your Office Space

Renting office space is a solid investment, but it doesn’t have to be one that breaks your budget every month. A few savvy strategies can help you save money with your office space. Take Advantage of Economic Realities Companies seem to be continuously downsizing, rightsizing or closing up shop altogether, leaving plenty of empty office space. Even those who are no ...

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4 Easy Ways to Instantly Enhance Office Space

A good office starts with a prime location, efficient layout and ample space for your crew and other business needs. But the buck doesn’t stop there. Your company can make a few easy improvements that instantly transform an office from good to great. Refresh the Air Ever hear of occupational allergies? These sensitivities are not uncommon, and they can erupt from t ...

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Red Flags to Avoid When Renting Commercial Space

Just as an experienced agent, solid property management company and good location are recipes for commercial leasing success, a few others can be a recipe for disaster. These red flags include inexperience, emotion and an inflexible landlord. Inexperience When it comes to commercial leases, just any old lawyer won’t do. You want a real estate pro experienced at han ...

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How a Sunlit Office Improves Employee Health

Corner offices provide much more than a spectacular view. They can actually be good for your health. Two different studies examined the effects of natural sunlight on two different sets of employees, finding consistent exposure to natural light can do wonders for productivity, sleep, mood and a person’s physical and mental health.  Workers and Windows A study pub ...

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Tips For a Great Grand Opening

Whether you have been dreaming about this day for weeks, months, or even years, opening your own business is very exciting. It can also be scary. Many businesses dream about big grand openings. You may not think that you should have a grand opening but why not? Don’t you want to jump start your business? Here are some ways to have a great grand opening! Plan ...

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