Balloons are necessary for an ‘Open House’; not for selling or leasing a commercial space.
Here is Part III of the low cost suggestions from the CBC® organization to help prepare your property for sale / lease. Many of the suggestions will seem like common sense, but you would be surprised at how many of these are often overlooked:
A fresh coat of paint can drastically increase the presentation value of your property. A neutral color scheme is the way to go for selling / l... read more
Here is Part II of the low cost suggestions from the CBC® organization to help prepare your property for sale / lease. Many of the suggestions will seem like common sense, but you would be surprised at how many of these are often overlooked:
The Building Interior
Keep the common areas neat, clean and free of clutter. Make sure everything is in good working order; check the elevators, restrooms, etc.
If the space is currently under construction, keep these areas clean.&nb... read more
There might be several reasons for refinancing your commercial mortgage. It might be outrageously high interest rates or inability to bear the monthly payments or even a job loss. You might want to avoid an upcoming balloon payment to lower the long term interest rate of the loan. The present condition in the real estate market has always meant a landscape change for the business organizations which were interested to work with the lenders. It is worth knowing that there are ways in which you can refinance your c... read more
Looking at the big four property types within commercial real estate (Office, Retail, Industrial, Multi-Family); there are a few trends that are causing a major shift in the way these properties are transacted.
Office: Average Square Foot per employee is going down; Corporations are looking for “Productivity and Profitability” in space. (Coldwell Banker Commercial’s parent company REALOGY is an excellent example. The company moved out of 370,000 SF and moved into 290,000 SF, with the exac... read more