Commercial Real Estate News

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Times and trends are changing, and it’s important to keep up.

2023 has seen the commercial real estate industry face new challenges and fresh paradigms. From pandemic-era shifts to the emergence of new technology, the landscape is evolving in new directions. Knowing where the proverbial winds are blowing will help you stay on track as currently emerging trends continue to gain steam.

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You’re probably familiar with the title of “commercial property manager,” but what exactly does a commercial property manager do?

The short answer is that a commercial property manager oversees the day-to-day operations of a property you’ve invested in. This includes budgeting, managing maintenance, collecting rent and filling vacancies, among other duties.

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Sharing is caring, even in the realm of office space.

Owning and/or using the entirety of a space for your business is certainly beneficial, but the associated costs might make it a bit outside your current price range. Sharing office space with another business (or multiple businesses) is a solid way to keep those costs down while still providing your employees with a place to work and meet.

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A strong lease agreement will mean a lot for your business.

An ideal lease will keep you and your venture protected and set up for future success. Securing a lease with best-case-scenario benefits means rolling up your sleeves, reading and re-reading your lease, and being prepared to negotiate.

Here are five tips to keep in mind when negotiating a commercial lease for your office space.

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If you own or are developing real estate, loans can be lifesavers. And nine times out of 10, they’re a must.

A commercial real estate loan is a borrowed sum of cash used to help finance a commercial property. This can include buying, remodeling, building or rebuilding said property, and covers non-residential real estate such as offices, hotels, warehouses, hospitals and more. It also includes vacant property or land where you can construct your buildings.

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It might be time to put some pep into your office’s step.

As the concept of what a “workplace” is evolves, it’s important to keep up with trends and expectations of what an office environment should provide. An upgraded, modern office design can foster employee loyalty and productivity by creating an environment your workers want to work in. And those are just a few of the benefits of a workplace facelift.

Here are six office space design trends to consider for 2023: