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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Commercial Space Rental: Evolution of Retail Neighborhoods

Lively neighborhoods are a real estate dream. Apartment residents love the short walk to restaurants, shops and other services. Businesses love the steady stream of shoppers and clients that populate the streets. And building developers are so keen on the concept that they’re consistently erecting new apartment buildings in urban and semi-urban neighborhoods with retail ...

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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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Beware of the Commercial Lease’s ‘Escalation Clause

Unless your company is getting a short-term lease, your commercial lease is most likely going to include what is known as an escalation clause. This clause automatically increases the amount of your base rent over the years, with the premise of paying for increases in the costs related to the building. While such clauses are common and totally valid, they can also be a kee ...

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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 to Compare and Analyze Your Top Prospective Commercial Properties

Let’s say you’ve found a handful of really hot prospective commercial properties, each of which would be ideal for your business – or so you think. One way to really hone in on the winners is to quickly eliminate the losers, something you can do with a comparative analysis. Using an electronic spreadsheet, you can set up a thorough and systematic analysis that p ...

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First Step in Corporate Leasing: Planning for Your Office Needs

When it comes to leasing the ideal office space, corporate tenants aren’t most often foiled by lack of budget or available properties. Perhaps surprisingly, what gets many of them down is lack of planning. Planning is crucial to ensure your new space meets your specific business needs, both now and down the line. And it can be a success with help from a solid spac ...

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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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Best Place to Hold Business Meetings?

Offices are the traditional place to hold business meetings, but that doesn’t mean they’re the prime place to get things done. In fact, a FlexJobs survey found only 24 percent of employees said they were most productive in the office, with the other 76 percent saying they avoid the office like the plague when they’re trying to complete important tasks. That sa ...

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Home Office vs. Renting a Space: Which Way to Go?

Starting your own business comes with a big, eternal question: should you work from home or rent out an office space? While there is no right or wrong answer that applies to everyone, there are a number of points to consider for determining the right option for you. Think about Your Environment Whether at home or away, your workspace should be quiet, comfortable and ...

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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 to Ensure Your Small Biz Has a Healthy Financial Year

The new year can often kick off with a cash flow hangover after the holidays, with small and medium businesses getting off to a shaky start. The final weeks of the year typically continue to see a flurry of expenses, although employees are often taking time off and business activities are generally slowing down. The weeks before and after the holidays are prime time ...

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5 Signs You’ve Found a Top-Notch Commercial Real Estate Agent

Leasing a business space can be a breeze with a top-notch real estate agent by your side. How do you know you’ve found one? They’re a whiz in commercial real estate. If you’ve found a great agent, but they’re usually showing off houses, condos or apartments, then they may not be the greatest agent for your needs. You want an agent who has solid experience and ...

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3 Tips to Improve Your Life-Work Balance

That thing called a work-life balance is quickly going extinct. Always-on technology and the ongoing fear of job loss ensure today’s employees are working harder and longer than ever before. A Harvard Business School survey found 94 percent of professional business folk work more than 50 hours per week, and nearly half of them clock in more than 65 hours each week. ...

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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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