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Percentage rent is additional rent that a retail tenant pays a landlord based on a percentage of the tenant’s gross sales. In many commercial retail leases, percentage rent becomes payable only when annual sales exceed a negotiated threshold, known as the breakpoint. For example, a retail tenant might agree to pay $60,000 in annual base
What is Percentage Rent in a Commercial Retail Lease? Read More »
Leasing office space for an imaging center—especially one with MRI and CT scan machines—comes with specialized considerations beyond a typical medical office or office lease. Here are the most important things to be aware of: Building Infrastructure Requirements Pro Tip: Choose Ground Floor or Freestanding if Possible Lease Terms & Landlord Considerations Regulatory & Zoning
Considerations When Leasing Commercial Property For Use as an Imaging Center Read More »
Knowing when to send a Letter of Intent (LOI) versus a Request for Proposal (RFP) can help you lease commercial space more strategically and avoid wasting time. What is a Request for Proposal? A Request for Proposal (RFP) is a non-binding document that is commonly used when leasing commercial property that tenants use to solicit
When To Send an RFP Versus an LOI for Leasing Commercial Space Read More »
If you are leasing commercial space landlords will want to see some sort of financials to ensure that you have the money to afford the rent. What Financials Will Commercial Landlords Want to See? Corporation If you are an existing business and have an S-Corp, LLC or other entity then the landlord will typically want to
What Financials Do I Need to Show When Leasing Commercial Space? Read More »
When diving into the commercial real estate market, one of the most crucial steps is understanding property valuations through “comps” or comparable properties. Comps help investors, buyers, and brokers determine what properties in a given market are worth, based on recent sales or lease transactions of similar properties. This knowledge can lead to more informed
Where to Find Commercial Real Estate Comps: A Comprehensive Guide Read More »
When healthcare providers consider leasing medical office space, one of the key questions that arises is, What is the typical lease term? Lease terms can vary significantly depending on a number of factors, including the property type, location, tenant needs, and the landlord’s preferences. However, medical offices often have unique needs that distinguish them from
What is the Typical Lease Term Requirement for Medical Office Space? Read More »
A Local Commercial Real Estate Broker Can Help Your Business Find the Best Spaces, Avoid Mistakes, and Get the Best Deal Possible A local commercial real estate broker provides invaluable expertise for businesses entering a new market. With in-depth knowledge of neighborhood dynamics, average lease rates, and off-market opportunities, they help companies find the best
One of the common misconceptions is that by choosing to work with a national commercial real estate company you are also choosing a bigger better company vs a smaller one. National companies often do have large offices however they don’t necessarily have a large office or strong presence in every city. Also the overall size
Benefits of Working With a Local Commercial Real Estate Company Read More »
Commercial space rents can remain high despite high vacancy rates and lower demand for several interconnected reasons, many of which are tied to the economic structure of the real estate market. Here’s why rents may stay elevated: 1. Fixed Landlord Costs 2. Impact on Property Valuation 3. Lease Structure and Long-Term Contracts 4. Inflation and
Why Commercial Property Rents Are So High Even With High Vacancy and Low Demand Read More »
A shadow anchor store is a large, well-known retail entity located near but not within a shopping center, driving traffic to and indirectly supporting the smaller stores nearby.
What is a Shadow Anchor Store in Retail Read More »
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