Choosing the right commercial real estate for your business involves several key steps: Choosing the right commercial real estate is a critical decision for your business, requiring careful consideration of your needs, budget, and the property’s potential to support your business goals.
Commercial real estate is commonly categorized into classes based on the quality, location, and condition of the buildings. These classes help investors and businesses assess the potential risks and rewards associated with each property. The main classes are: These classifications can vary by market and are subject to change over time as buildings age or … Read more
The percentage of all available units in a rental property that are vacant or unoccupied at a particular time.
Building a robust set of references in commercial real estate is crucial for establishing credibility and trust with prospective clients. Here are strategies to help you expand your reference base: Remember, building a strong reference base takes time and consistency. Focus on creating value for your clients and maintaining strong professional relationships, and the references … Read more
The most common types of commercial leases include: Each lease type has its own set of responsibilities for both tenants and landlords, affecting costs, maintenance, and operational expenses differently. For any commercial lease you’re considering, it’s recommended to consult with a real estate attorney to review the agreement. These sources provide a comprehensive overview of … Read more
Floor Area Ratio, the ratio of a buildings total floor area to the size of the piece of land upon which it is built.