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Many people dream of opening their own restaurant. But for most restaurateurs, dreams give way to harsh reality. Studies have found that 60 percent of restaurants don’t make it past the first year, with 80 out of business in five years.While there are several factors that contribute to the success or failure of a restaurant business, many of them can be traced back to the commercial space owners have chosen to open their restaurant. Here are some tips for choosing the right restaurant space. (more…)
Commercial real estate is commonly divided into six categories:
1. Office Buildings – This category includes single‐tenant properties, small professional office buildings, downtown skyscrapers, and everything in between.
2. Industrial – This category ranges from smaller properties, often called “Flex” or “R&D” properties, to larger office service or office warehouse properties to the very large “big box” industrial properties. (more…)
Commercial real estate customers often ask, “How do I get a commercial loan?”. There are many individuals involved in the decision to approve or deny a commercial real estate loan. Here is a brief breakdown of the parties and loan process for How to get a commercial loan.
The sales manager is the individual who manages a team of commercial relationship managers. (more…)
Recently we read a very informative article authored by Dennis Papa, principal engineer with dpSTUDIO Environmental Consulting & Design, regarding having environmental studies done as a proactive strategy when listing your property for sale. Getting ahead of any issues that may come up in the course of a buyer’s due diligence will make any sale process go smoother.
We thought it would be valuable to our clientele, and have reposted with permission of the author. Please let us know if you should have any questions, and as usual, let us know if you found this helpful. (more…)
• How do you know what a commercial income property is worth?
• How do you know that you can get your desired return on your investment?
• Is there a way to calculate the maximum you can pay for an investment and still achieve your investment goals?
This article will answer these questions and more about valuing income property. (more…)
The US Commercial Real Estate Index (“CREI”) was created in 2014 by CRE Demographics, LLC and is designed to demonstrate the relative strength of the US Commercial Real Estate market. The index is composed of eight economic drivers and is calculated weekly. Updated values of the index are available at CRE Demographics, LLC.
The economic drivers behind the CREI are isolated into sub-indices that include the Employment Index, Commercial Real Estate Price Index, Credit Index, Consumer Confidence Index, Housing Index, Inflation Index, Income Index and the Retail Index. (more…)
Often asked, “what is a triple net lease”,the NNN Lease, often just called the triple net lease, is a common lease structure used in commercial real estate. Despite the popularity of the NNN lease, the triple net lease structure is still commonly misunderstood by many commercial real estate professionals. In this article we’ll take a deep dive into the NNN lease, dispel some common misconceptions about the triple net lease, and then finally we’ll tie it all together with a clear and concise example.
First of all, what exactly is a triple net, or NNN, lease? (more…)
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