News & Articles

Business – and commercial real estate (CRE) – moves at the speed of light. In 2018, it seemed to have pushed the gas pedal down just a bit farther.

During the first half of the year, CRE transactions were up 13% year over year, all the way up to $341 billion. Whoa. In America, that volume went up by 11%, all the way up to $122 billion. The U.S. remains the most popular CRE market in the world, with Hong Kong and China behind it.

This upward trend is expected to continue to start off 2019, although some experts believe the CRE market is nearing its top and expect the growth to slow considerably.

Once you purchase an investment property, the real work begins.

You now have to manage it.

There are several aspects of the management process you’ll want to have a good grasp on to help ensure success as a property manager.

In case you hadn’t heard: Winter is coming.

Assuming you don’t have any Game of Thrones-style fire-breathing dragons to help with snow removal on your commercial property, you’re going to have to have a plan – and before the snow starts falling from those seemingly endless grey skies.

DRK's Property Management team has been very active as fall and cold weather are quickly approaching. Please find below a list of repairs that have been completed, in addition to repairs we have on our list to be completed over the next few weeks.

Green Meadows Commerce Center: Paving will resume today, weather permitting. We have also been working on various housekeeping items such as cleaning up behind the units, painting, fixing dumpsters and helping overall cleanliness of the area. You will notice our fountain is back up and working as well!

Despite its generally negative connotations, procrastinating can be beneficial in certain situations. It can focus your mind in the waning moments before a deadline, “encouraging” – some may say “forcing” – you to do your best work.

Your company’s lease expiring is not one of these “certain situations,” however. Putting off considerations on if you’ll renew, relocate or build your own space will only cost you money and stress in the long run.

Any business owner should determine its physical location plans for the next lease earlier rather than later – the longer you wait, the lower your chances of finding a suitable place to house your business.

If you own commercial property, you may or may not have considered purchasing commercial property insurance.

If you’re in the latter camp, it would not hurt to explore your options in the hopes of protecting yourself and your business in the event of an unforeseen catastrophic event – such as a fire – on your property. Here are some things to consider in the hunt for commercial property insurance: