Commercial Real Estate 101 

5 Things to Know About Opportunity Zones Right Now

The coronavirus pandemic has undoubtedly shaken up every market in the country. While all eyes are on Class A cities to see how the very best in the game are faring during these times, other locations aren’t getting much consideration. In the middle of all of this market-madness, how are opportunity zones doing right now? Opportunity Zones 101 Opportunity zones are officially defined as “economically-distressed communities where new investments, under certain conditions, may be eligible for preferential tax treatment.” This system was introduced with the 2018 Tax Cuts and Jobs…

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Commercial Real Estate 101 

4 Unique Ways Small Businesses Have Pivoted

Small businesses have put up quite a fight over these past few months. While the pandemic acted as a major disruptor for every industry, small and local businesses took an especially hard hit. The pandemic threatened all things ‘business as usual’, making it imperative for small businesses to rethink their operational strategies from top to bottom. In the midst of these ‘new normals’ for small businesses, the industry has seen some truly ingenious survival tactics take form. Here are some of the most unique ways that we’ve seen businesses stay…

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Commercial Real Estate 101 

What Does Office Lease Renewal Look Like Right Now?

As WFH continues to dominate today’s business scene, offices are facing many unprecedented challenges. Teams are teleworking, the office space is snoozing, and even after two months, there’s no official word yet on when things will be back to ‘normal’. With uncertainty on the radar and no clear end to COVID-19 in sight, office lease renewals will definitely pose a challenge for many landlords and property owners. Let’s take a deeper look at the details to gauge exactly what the industry is dealing with: Tenant Troubles A real estate field…

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Commercial Real Estate 101 

How is Supply Chain Disruption Impacting Industrial CRE?

What hasn’t COVID disrupted? At this point, the shocking headlines exploring the ways the coronavirus is impacting the world has become the ‘new normal.’ It’s clear that the virus has made waves everywhere, but the one thing everyone is keeping an eye on is the industrial sector. The warehousing business has been actualizing all of e-commerce’s promises, adapting to every new trend, and being increasingly flexible along the way. But, the already busy world of industrial kicked up yet again when COVID-19 cropped up. The virus immediately caused discrepancies in…

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Commercial Real Estate 101 

Looking to Invest? Terminology 101

Are you new to Commercial Real Estate, or have you never known what any of the following terms mean? Here we give you a quick breakdown of common terminology found in the world of CRE (commercial real estate): Build Out: The construction or improvements of the interior space, including flooring, walls, finished plumbing, electrical work, etc. Capitalization Rate (Cap Rate): The value given to the property when the Net Operating Income (NOI) is divided by the current market value or sales price. A cap rate can be used as a…

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Commercial Real Estate 101 

4 Ways Multifamily Property Owners Can Keep Tenants Informed and Safe

As the COVID-19 pandemic sweeps across the nation, CRE’s multifamily sector is put in a unique position. Being the space where the home-life of residents merges with the commercial arena, multifamily communities are in a bracket in and of itself. Multifamily property owners have a responsibility to keep their tenants safe and prevent the contagion from spreading throughout the community’s population. Fortunately, there are some simple steps that property owners can take that can help bend the curve and keep your residents safe, healthy, and informed. Here are 4 highly…

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Commercial Real Estate 101 

Ten Properties with Video Tours

Looking for commercial real estate, but don’t have the time to visit the properties in person? Our agents identified 10 properties that are the highest in demand and created walk-through videos. Looking for a walk-through video of a property not identified below? Let us know! We can create a custom video for you. 383 N. Front Street, The Acock Building, Columbus, Ohio: The Acock Building is located next to Nationwide Arena in the Arena District. The building has 3,900 SF of office space available. The space has a creative style…

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Commercial Real Estate 101 

2 Reasons Why Information Technology is Changing CRE Leasing/Sales

The commercial real estate business is not what it used to be. Today, the modern CRE industry is being shaped by advances in cutting-edge technologies. While nearly all of today’s top tech innovations are making their way into the commercial real estate module, information technology is making the biggest impact. Information technology is changing the way that business gets done. It’s transforming the entire leasing and sales process and therefore the entire commercial real estate business altogether. Here’s what you need to know about information technology and why it’s having…

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Commercial Real Estate 101 

Here’s How the Smart City Has Changed in the Last Year

The Smart revolution is upon us. Smartphones, Smart Devices, Smart Houses, Smart Buildings; the list continues. We’re in a seemingly never-ending progression towards all things Smart – and the development reaches its peak capacity with Smart Cities. These tech-powered metropolitan locations represent the height of contemporary technologies. All things digital come together to create a seamless net of information, innovation, and evolution. In the last year alone, Smart Cities have undergone progress at an inconceivable rate. What was once impossible is now the norm in the globe’s biggest Smart Cities…

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Commercial Real Estate 101 

4 Things to Think About Before Your Office Lease Renews

Is it that time of year, again? Office lease renewal periods are a great time to reconsider your current terms as it provides tenants with the opportunity to think about some important points. In any commercial deal, lease renewals should be handled with winning strategies. If you’re ready to renew your office lease, make sure to consider these 4 points first: Always Read Between the Lines Tenants should never get too comfortable. Carefully reviewing the exact terms of each lease will help office tenants avoid big problems down the line.…

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