Understanding How to Calculate Commercial Real Estate Value
Regarding cost allocation, commercial real estate is a complex landscape. There are many factors to consider, from lease terms within commercial leases to building classifications and even the different methods of measuring a cost per square meter. Whether you're a new business or a seasoned ...
Read MoreWhat is Tenant Improvement? The Basic Steps
Tenant and property owner relationships can get complex—especially when it comes to customizing a leased space. One of the most important aspects of a commercial lease is the tenant improvement (TI) process, which allows businesses to tailor a space to meet their needs.
Read More7 Questions to Ask When Searching for a Commercial Rental Space
While a commercial space can look great in photos and hit all your aesthetic requirements, digging a little deeper to ensure details such as financing and legal obligations are met is essential. You don't want to be two weeks into opening your new bar and realizing there are noise restrictions in ...
Read MoreHow to Avoid Losing a Lease for Commercial Rental Space
Having your heart set on a commercial rental space and then missing out is not only a frustrating experience — it can also throw a serious glitch in the works regarding your planning, finances, and business momentum. Planning and preparation are excellent, but moving quickly on a great deal is ...
Read More7 Types of Retail Business Insurance to Consider
Although thinking about the worst-case scenario is unpleasant, retail store owners must plan effectively for the future to mitigate risks. While there are essential steps such as security measures and fireproofing, taking out retail business insurance will protect your hard work from mishaps and ...
Read MoreRentable vs Usable Square Footage Space for Commercial Properties
Is a square foot really a square foot? When it comes to commercial real estate, there are different classifications for the space and area of your building, falling under the headings rentable vs. usable space. While it might not seem like much, knowing the difference between these figures is ...
Read MoreHow Kenwood Supports Its Community as a Commercial Property Manager
It's easy to cast off property managers as detached or faceless mediators in real estate dealings driven only by profit. However, at Kenwood Management, we believe property management can be more than just collecting rent and number crunching. When it comes to commercial real estate, when our ...
Read MoreHow To Choose the Right Commercial Space for Your Small Business
Moving into a commercial space is a big step for small businesses. It’s a coming-of-age sign that your products or services are growing in demand. As exciting as it may be to have an official office or retail location, choosing the right commercial space requires a lot of forethought. After all, ...
Read MoreReconfiguring Your Existing Real Estate for A Hybrid Workplace
The shift toward remote work has changed the way businesses think about their office space. While remote work offers flexibility, there are numerous benefits to having a physical workspace, including easier collaboration, fewer technical issues, and a stronger sense of teamwork and company culture. ...
Read MoreWhat is a Letter of Intent For a Lease?
When prospective commercial tenants are looking for a commercial property lease, there are many questions to answer and unknowns to contemplate. How much space is needed? How many offices, workstations, and conference rooms are desirable? What is the monthly rent? When will it be ready and how long ...
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