The 7 Rivers region has a pretty good handle on housing occupancy, with vacancy rates hovering around 5 percent for the past few years. But most landlords and property managers would be prefer to get it to zero—and keep it there.
To achieve and maintain high occupancy rates, whether multi-tenant housing or business space, you need to keep your eyes open to what’s happening inside and outside your buildings. Following are five steps to help you achieve that goal.
#1 Maintain positive relationships ... read more
As the year draws to a close, a lot of business owners will be meeting with their accountants and financial advisors to assess their tax situation for the year. And, upon seeing Uncle Sam’s projected take, will scurry to make last-minute investments to reduce their tax burden. One investment that could significantly lighten their load is commercial real estate, and the savings can go well beyond property depreciation.
Most savvy investors are already familiar with the tax benefits that come with ... read more
When buying, selling or leasing commercial real estate, you have a lot on the line. Oftentimes, the decisions you reach will make or break your business, so it’s critical to have a solid commercial real estate agent on your side.
But what makes for a solid commercial real estate agent? A lot of it comes down to personality and character as well as skill and experience. Most vetting today begins with a recommendation from a friend or colleague. Whatever way you find the agent you’ll still ne... read more
When the right opportunity presents itself, interest rates are still attractive, and you’re ready to make the leap, buying commercial real estate may seem an attractive option, whether you’re looking at retail or office buildings, industrial properties, multi-family housing or perhaps a warehouse. As with any business decision, it requires careful thought and consideration. To be frank, buying commercial real estate can be complex. So while you may feel ready, it’s important to press pau... read more
When you’re ready to seek out a property where your organization can house its myriad needs including manufacturing functions, warehouse capability and industrial purposes under one roof, you’re looking for flex space. And while no two businesses are exactly alike, there are several aspects of flex space which you should take into consideration when you’re ready to begin your search, no matter what your industry.
According to cbcworldwide.com, here are essentials to consider when ... read more