Archive for 10 Things You Need to Know About Commercial Real Estate
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#1. Size Does Matter: Understanding the Loss Factor
Posted by Sep 30th 2009, 17:51
(picture provided by asplanned.co.uk) Now that you are in the market for a new office how do you figure out how much space you actually need? If your looking at larger offices, think over 25 employees, hiring an architect to help map out and plan your needs is generally a wise investment. However, for smaller offices you can save some money by doing it yourself. The first step is understandin… Keep reading
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#2. Class A, B, or C?
Posted by Oct 6th 2009, 16:15
Manhattan commercial real estate is divided into three classes; class A, class B and class C buildings. There is no objective formula for determining which class a building falls into, rather some judgment is required and classifications are somewhat subjective. That said, there are still a few rules that generally determine what class a building will be. Class A office space is the best availa… Keep reading
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#3. Location Location Location
Posted by Oct 13th 2009, 14:32
(aszym.blogspot.com & ajc) When choosing your new office, location often defers to price or size when making the final decision. In the end you need to be able to afford your rent and you need enough space to work, but location is really what employees care about most. Think about being near a transportation hub, or maybe even a single train line that suits the needs of your employees. If your… Keep reading
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#4. How Long Will It Take?
Posted by Oct 20th 2009, 14:59
(easyart.com) So when should you start looking for office space after all? Different brokers will tell you different times ranging from a few months to up to a year. In reality, like many aspects of finding commercial space, it all depends on how much space you are looking for. We’re going to break it down into three categories, small (less than 3,000 square feet), medium (3,000-10,000 square… Keep reading
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#5. Electricity
Posted by Oct 27th 2009, 13:50
(allgreen.com) Electricity is one of those extra charges tenants don’t always understand before moving into a new office. However, it is important that you understand how it is billed so that you can accurately compare the true cost of different spaces. There are four primary ways electricity can be billed and you should know how you will be charged before signing your lease. Be prepared, a… Keep reading
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#6. Understanding Price Per Square Foot
Posted by Nov 3rd 2009, 15:15
(howstuffworks.com) Most commercial brokers quote their spaces in terms of price per square foot, for example $30 per square foot. The first step towards understanding this number is to know that they are talking about a price per square foot per year, not per month. That $30 figure means each square foot of space costs $30 per year, or really $2.5 per month. Once given a price per square foo… Keep reading
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#7. Why Commercial Real Estate and Craig's List Don't Mix
Posted by Nov 17th 2009, 14:11
Most people searching for real estate on the internet start at Craig’s List. It’s free, it’s easy to search and everybody assumes everybody else is using it. It always returns tons of results and has made searching for real estate much more convenient. All that said, Craig’s List is not the best place for you to be looking for commercial office space. It is great for a lot of things, bu… Keep reading
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