5 Key issues to consider when negotiating a lease for your business

 

By James A. Schnur, CCIM
President and Designated Managing Broker
Integrated Real Estate Solutions

After scoping out the perfect location, it’s time to saddle up to the table and hammer out the fine details for your relocation. Taking the plunge and signing a lease on a commercial property is no small feat; requiring a multitude of considerations. Ideally, the lease will strike a fair balance of responsibility and risk between the owner and tenant, but it can be easy to overlook important details within a lease that will shift this balance of costs in an unfavorable direction. To help you navigate through this process without becoming overwhelmed, here are 5 important issues to consider when negotiating a lease for your business.
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Repurposing retail space: How e-commerce has created brick-and-mortar opportunities

By James A. Schnur, CCIM
President and Designated Managing Broker
Integrated Real Estate Solutions

From the time that Amazon expanded beyond selling books and Zappos’ free returns gave shoppers a reason not to go into a store, the face of retail began an evolution. In the past ten years, major retailers like Blockbuster, Kmart, Toys R Us, Circuit City, Borders, and Sports Authority have become just a few of the high-profile big box stores that fell victim to e-commerce. As their customers shifted loyalty to the online alternative, the stores closed, leaving vacant retail space in shopping centers around the country. Continue reading “Repurposing retail space: How e-commerce has created brick-and-mortar opportunities”

Sprinting for the last mile in retail: How e-commerce creates opportunities for commercial real estate

By James A. Schnur, CCIM
President and Designated Managing Broker
Integrated Real Estate Solutions

It’s no secret that online shopping has transformed the retail landscape. As consumers demand more convenience, retailers are struggling to deliver—literally and figuratively. While express shipping used to be a bonus, shoppers now seek even faster delivery, whether that’s same-day delivery or shopping online and picking up in the store (click-and-collect). As so many online and offline businesses are sprinting for the last mile in retail transactions, we should be looking at how e-commerce creates opportunities for commercial real estate. Continue reading “Sprinting for the last mile in retail: How e-commerce creates opportunities for commercial real estate”

Home again: America’s reshoring initiative is bringing manufacturing back to the U.S.

By James A. Schnur, CCIM
President and Designated Managing Broker
Integrated Real Estate Solutions

For decades, American manufacturers were sending their production overseas, with all the jobs and revenue that went with it, like the cost to maintain factories. Meanwhile, unemployment increased here, along with vacancies of production facilities. Continue reading “Home again: America’s reshoring initiative is bringing manufacturing back to the U.S.”

The corporate relocation decision: Fiscal factor

By James A. Schnur, CCIM
President and Designated Managing Broker
Integrated Real Estate Solutions

Choosing the next location for your business takes many considerations into account. In the previous two articles in this series, I looked at the human factor —size and availability of the labor pool and quality of life issues—and the influence of an area’s infrastructure of transportation accessibility, technology, and economic development support. Continue reading “The corporate relocation decision: Fiscal factor”

The corporate relocation decision: Consider the human factor

By James A. Schnur, CCIM
President and Designated Managing Broker
Integrated Real Estate Solutions

Companies relocate for many reasons. They’re expanding and need the space, or seek closer proximity or easier access to their suppliers and customers. The goal could be to cut overhead costs—short- and/or long-term. The company might be in need of more resources than the current location readily provides. Continue reading “The corporate relocation decision: Consider the human factor”

The Benefits of Using a Tenant Representative Broker for your Business Relocation or Lease Renewal.

By James A. Schnur, CCIM
President and Designated Managing Broker
Integrated Real Estate Solutions

The process of finding and leasing the right space for your business presents a variety of complex challenges. Understanding your options for managing costs, enhancing the property, and ensuring the property is going to meet both your present and future needs is the job of a commercial real estate tenant representative. Continue reading “The Benefits of Using a Tenant Representative Broker for your Business Relocation or Lease Renewal.”