Leasing – Know Your Options!
Do you know what your options are when your lease is approaching expiration? “Risk comes from not knowing what you’re doing.” – Warren Buffet Leasing decisions not only can have a significant impact on operating budgets but can also have major strategic impact on a firm’s success. This is not a decision to make lightly, and I always recommend examining …
No Building Left Behind Series: Industrial Warehouse
Key Report Takeaways: “In 2018, annual ROI for industrial assets averaged 14%, doubling the ROI for office (7%) and multifamily properties (6%). Despite the tremendous rate of growth, e-commerce only make up 10% of all retail, suggesting there is room to run. However, rent growth slowed in 2018 and is on pace to dip in 2019 and 2020. With historically …
Understanding Commercial Leases
Which lease should you negotiate for? There are several types of leases commonly utilized in commercial real estate. It is important to understand these different leases in order to properly compare and contrast them when analyzing and negotiating for your company. There are modified gross leases and net leases. Most industrial facility leases are either modified gross or net. These …
The Million Dollar Mistake In Commercial Real Estate
Regardless of what you’re developing or purchasing, whether it’s a 5,000-square-foot building or a million-square-foot distribution center, you need a defined process for checks and balances to manage due diligence and ensure you’re not leaving out any steps through acquisition, design, and construction. Your process must mitigate as much risk as possible by following a known pattern for success in …
7 Strategic Questions to Consider When Space Planning
You’ve heard the saying, “don’t just work in your business, work on your business.” When it comes to industrial space, you must integrate your company’s long-range strategy into the decision making process for purchases and leases spanning five years or more. For starters, bring together your company’s key staff and advisors to work through your space requirement summary. You should …
Exclusive: Meet the Tampa Bay ‘Warehouse Veteran’ and his real estate mission
Thank you to Ashley Gurbal Kritzer of The Tampa Bay Business Journal for featuring John Jackson, Author of Warehouse Veteran in her recent blog post, Meet the Tampa Bay ‘Warehouse Veteran’ and his real estate mission! Check it out below: As a commercial real estate broker and U.S. Army veteran, John Jackson has a passion for assisting business owners and …