Right-sizing commercial real estate space is essential for tenants to optimize their operational efficiencyand cost-effectiveness. Here are some steps and considerations to help determine the right-sized spacefor your needs: 1. Assess Current and Future Needs: Begin by evaluating your current and future business requirements, taking into account factors likethe size of your team, expected growth,...
Commercial Real Estate Consulting
In the past several years there has been unprecedented demand for industrial and warehouse space in the Twin Cities real estate market. With lower land and labor costs and strong growth in areas surrounding urban centers, there has also been movement on the part of industry the past couple decades to relocate from cities to the suburbs. The result has been the establishment of industrial and office parks....
2022 wasn't a great year for investing. With a weakend economy in recent months the stock market fell 16% year over year and took several dips into bear market territory. The real estate market didn't do much better. Median home prices reached their highest point in history, then started to decline as home buying slowed and inflation and mortgage rates rose. Due to high prices, the rising cost of...
Owners and property managers must watch their operating budgets and the dollars spent on the property. Save one dollar in operating costs and (assuming a 10% cap rate) value of the property increases by $10. That is why owners are always looking for new ways to economize. In addition to saving money, we are always looking for a way to invest a little in the property for a good return. A well-planned...
The pandemic has triggered plenty of speculation about the future of office space, including the possibility that a long-term shift to remote work for some employees, for at least part of the time, could shrink the need for office space increasing vacancies and pulling down rents. Even as increasingly optimistic news about vaccines improves the possibility that many office workers could resume their...
One of the looming questions real estate investors are facing during the Covid-19 pandemic is what the effect will be on the demand for office space. How long will the remote working trend continue after the pandemic ends? What effect will this trend have on the demand for office space? There are many financial and psychological considerations to the question of if lower density requirements and employees...
Around 25% to 35% of the value of commercial properties are single-tenant properties (STPs). This large percentage means that large investors such as pension funds, as well as smaller investment groups must consider this type of investment. There are many uses ranging from office to industrial to retail. They can include office buildings, warehouses, department stores, supermarkets and other retail use....
When representing a seller of commercial real estate, we determine what type of buyer is most likely to be interested in a particular property as soon as possible in the marketing process. We then focus the appeal of the property on those features that are most important to that type of buyer. Normally there are three types of buyers for commercial property: Investors, who seek an income-producing...
Commercial Real Estate Investing featuring Jon Whitcomb on Cover Your Assets ESPN (1500 a.m. radio) Saturday Mornings from 8-9 a.m.CST Jon Whitcomb, President and Owner of Metro East Commercial Real Estate, joins Todd Rooker to discuss best strategies and practices for commercial real estate. Listen to the podcast - 2/29/20 Cover Your Assets: Commercial Real Estate...
When partnerships, investment companies and their participants look at investments in commercial real estate, many tend to look at properties that have charm and glamour in marketing materials. An attractive office building, shopping center or condo project tends to have a more acceptable “status” as an investment property. One would be proud to drive by these properties and point them out as “their...