by Shawna | Oct 17, 2023 | Blog
When all of the negotiations have been completed, the broker and tenant have agreed to the terms of the lease. Now all that is left is the lease closing. Often there are so many back-up papers that must be produced, examined, and approved the closing can be held up...
by Shawna | Aug 21, 2023 | Blog
What happens to nearby property values when a new hospital is built? Usually, the surrounding area feels a ripple effect. No matter how old the buildings that surround a new hospital complex are, land values increase. Developers are quick to provide new space for...
by Shawna | Aug 21, 2023 | Blog
When a buyer makes an offer on an investment property, it is usually only after a thorough inspection of all of the data that is available on the financial records of the building. The physical inspection of the property could be as important or more important than...
by Shawna | Aug 21, 2023 | Blog
Statistics show business and professional firms are buying offices rather than leasing. While buying or constructing an entire building is an option for major corporations or smaller firms outside metropolitan areas, owning commercial space generally means being part...
by Shawna | Aug 21, 2023 | Blog
At all times, good or bad, we must aggressively search for replacement tenants. A month’s rent from a vacant unit can never be recovered. Just running expensive advertising for this space can be nonproductive. A better way might be to have a professional management...
by Shawna | Aug 21, 2023 | Blog
The following is a useful list of items that should be clarified between the parties in the lease of a commercial building: What is the amount of usable space? Since the rent may be based on a square foot rate, the rate may be quoted on a rentable or a usable area....
