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A letter of credit (LOC) is a document that guarantees rent payments up to a negotiated amount to a landlord in the event you (tenant) do not pay your commercial lease payments. It’s typically used in lieu of cash for the security deposit required when renting commercial real estate. Rather than write a check for Read More…

As consumer demand shifts towards faster and more convenient medical services many healthcare providers are taking a closer look at leasing retail space for medical office use. This can be a great strategy for medical office users however as they evaluate retail locations it’s important that they consider a few things. Retail Properties Infrastructure May Read More…

If you have ever renovated a home you know that things almost never go as planned. Before you start your next house remodel consider the advice below from many homeowners that have been through the process. If you want to increase your chances of a successful remodel follow these guidelines! Have an excellent eye for Read More…

Commercial real estate market analysis is important to anyone involved in property markets: developers, users, investors, brokers, financial analysts, and government officials. Each has their own perspective and it’s important that you understand who the players are and what’s important to them. If you want to get deals done you have to listen to everyone’s Read More…

I am often asked how much a commercial real estate property is worth from clients interested in buying commercial property. My answer is it depends on your investment objectives, property type, and local market conditions. There are 3 basic approaches to estimating the market value of a commercial property: sales comparison, cost approach, and income Read More…

Third party logistics also known as 3PL  or TPL is when a company uses a third party business to outsource parts of the company’s fulfillment & distribution services, rather than secure their own industrial space for rent. Third party logistics service providers commonly specialize integrated operations, transportation, and warehousing services that can be customized and Read More…

From time to time a commercial real estate property with tenants will be sold or refinanced. During the due diligence phase of the acquisition or during loan underwriting the landlord or lender will send a written request to all the tenants asking for written verification that their lease is in full force and effect and Read More…

When buying or leasing commercial real estate you will often come across a space that is in plain vanilla shell condition. Other terms you may have heard are cold dark shell, warm shell space, grey shell, etc. As you can see it can get kind of confusing and to make it more interesting the definitions Read More…

When you are in the retail sales business you typically have a main service or product that you sell that may comprise of 50% or more of your total sales. Ancillary retail services are either different from, enhance, or support the main services/products of a company. They are essentially revenue generated from the sale of Read More…

Flex space will never compare to the look and feel of traditional office space however across the country renting flex space is on the rise. And they are attracting companies in all types of industries including software and technology companies. For example in Austin Tx flex space is half the cost of traditional Class B Read More…