Minding Business

4 Steps to Fill Vacancies in Your Building

Increase your odds of attracting quality tenants to your commercial building with these tips.
Posted by Anna Jotham on July 12, 2019 in No Category
When you own a commercial building, you know that empty space is wasted opportunity. And the longer that tenant space remains vacant, the more your losses accrue. Yet it’s a competitive commercial property landscape out there, and finding quality tenants can be tough. So what’s a commercial real estate owner to do? Here are four steps to filing vacancies in your building.   Follow these steps to fill CRE vacancies with quality tenants. Conduct market research Knowing what your building needs to at... read more
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Are SBA 504 loans right for your project? As a business or commercial property owner, securing financing to build or build out is no small matter. It’s good to know that SBA 504 loans can provide the financial support small businesses need. But what are SBA 504 loans, and how can they help you?   What are SBA 504 Loans? SBA 504 loans are loans guaranteed by the United States Small Business Administration. The 504 loan allows small businesses to utilize fixed-rate financing, long-term, for an average of... read more
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Commercial building valuation best practices

Whether buying, selling, borrowing or leasing, knowing the value of the property is key
Posted by Anna Jotham on June 12, 2019 in No Category
Whether buying, selling, borrowing or leasing, knowing the value of the property is key Determining the value of a commercial property is complex. Yet when it’s time to buy, sell or lease a property, valuation is a necessary step. It’s also important to have your property reviewed if you’ve owned it for some length of time to determine whether your insurance is keeping pace. The problem is commercial appraisals can be far more subjective than a residential appraisal. That’s because the value... read more
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3 Things You Need to Know About Buildouts

Building out a space comes with important considerations
Posted by Anna Jotham on May 29, 2019 in No Category
Building out a space comes with important considerations Considering building out a commercial property? It’s an attractive option to many tenants, allowing them to create a space that’s perfect for their business without needing to go all in and break ground on their own building. But there’s a lot to think about when a buildout is on the horizon. To help you work through it, here are three things you need to know about buildouts.   1. You’ll need to decided who will take responsibili... read more
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How long should my commercial space lease term be?

When signing a commercial lease, it’s important to consider the lease length
Posted by Anna Jotham on May 23, 2019 in No Category
When signing a commercial lease, it’s important to consider the lease length. When you’re ready to lease commercial space, and you find exactly what you’ve wished for, you may want to hurry to sign on the dotted line. But not so fast! Before you get out the pen, you’ll want to carefully consider the length of the lease term. After all, signing a lease is a major commitment, so you want to make sure your interests are protected. Get locked into a lengthy lease term, and you could be stuck in ... read more
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