Commercial Property

Today we see tenant and occupancy pressures on most commercial and retail properties as well as the tenant mix in each. When levels of business and economic sentiment shift as they are right now, the planning for an investment property becomes more important.Making Ends Meet?Some tenants are struggling to make all the ends meet when it comes to the costs of occupying investment property in balance with their business operational costs. Similarly some landlords are struggling to keep income up and expenditure under control in the properties that they own. Now more than ever before, specialised commercial property management is of great importance for landlords.Things will get better for landlords, businesses and tenants, but right now it is wise for you as the property manager to have a ten...

Industrial and commercial properties constantly come to market, but don't get the highlighted attention or preferential treatment that residential homes do. Use what you learn from this article in order to understand what you should be doing as you need to learn about the market and how to properly navigate it.Ensure that you have reviewed your contracts before negotiating leases so that you minimize the chances of default. This will decrease the probability of the tenant defaulting on the lease. You, of course, would not desire this to occur.You should examine the surrounding neighborhood of any commercial real estate you may be interested in. Buying property in an affluent neighborhood is likely to mean that any business which opens there will be successful thanks to having a clientele w...

Virtual offices are excellent alternatives to traditional office space, where people will try to save on the costs and overheads of running an office while still maintaining the professionalism and decorum of a brick and mortar office.Virtual offices are often mistakenly called "business centers". These are two completely different concepts; however, as business centers require owners to pay rent, whereas virtual offices are rent free.It is a combination of working from home and working from the office. Virtual offices have grown in demand parallel to the explosion of the virtual world, with online media racing ahead of conventional media in terms of information, entertainment, and product sales. However, the services offered by a virtual office go much further back, their roots being trac...

Gaining competence in lease negotiations is something very few business executives will ever achieve, since they will probably never negotiate more than a small number leases throughout their business career. Choosing to negotiate alone is risky, given that an uninformed decision has the potential to be extremely costly. This is why executives often choose to hire advisors such as real estate attorneys and brokers, to aid them in the decision-making process when it's time to lease an office.Seeking out the advice of a professional is invaluable. However, as a tenant, you should also gain a solid understanding of the process so that you can be an active participant in the negotiating process. After all, not all attorneys are created equal and the last thing you want is to be at the merc...