Even though snow has returned, now is the time to look forward to spring and summer as an ideal time to list your property to potential tenants or buyers. Listing commercial real estateduring the spring season can have several advantages for property owners and sellers. Hereare some reasons why spring is considered a favorable time for listing commercial real estate: Better Weather: Spring...

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,...

Interest rates are affecting current and future real estate deals. Here are tips to help real estate investors and developers navigate this challenging market. The global economy has been greatly impacted by volatile interest rates. Record-high inflation has taken its toll on businesses and consumers worldwide and to combat these extreme circumstances, central banks have swiftly tightened their...

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...

In a market with uncertainty in stocks, cash and other alternatives, real estate may be the safer investment. Interest rates have rapidly increased over the last few months and investors are carefully watching as they are a critical factor in leveraging returns. At the start of this year, rates for real estate investment were between 3.5% and 4%. As we move toward the end of the year, we are seeing...

A real estate option agreement is a legal agreement between a seller and a buyer or investor that allows the buyer the right to purchase a property. It usually defines a specific timeframe for the buyer to make their decision to purchase the property or not. If the option is exercised, a closing is held and the property is purchased at the price previously agreed upon. There is no legal...

Absorption, or absorption rate, is a measurement used in Commercial Real Estate (CRE) to indicate the difference between the amount of space vacated by tenants over a period of time and the commercial space tenants have moved into within a geographic area and time frame. To put it simply, absorption is the rate at which commercial space is “absorbed” (sold or leased) over a specific period of time in...

Leases exist to form a legal agreement between a landlord and a tenant regarding who will pay various expenses and the rules related to renting that property. Because commercial properties are used differently than residences, commercial leases tend to have more components that are specific to each tenant. While there is no standard format for a commercial lease, most cover basic elements in order to...

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...