Survey Says “Yes” — 5 Tips to Use When Scouting a New Office Space

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

There is a tremendous amount of pressure on business owners and operators going into the office relocation process. For many, the hunt for that ideal building or office, the itch to be out of the space they are in, and they want to move through the relocation process quickly leads to overlooking or ignoring critical considerations while rushing into a space that ultimately isn’t the right fit for their business. And in committing to a less-than-perfect fit, the business and its future potential suffer. It is understandable why business owners just entering the relocation process would be hesitant or overwhelmed while vetting locations and scouting new office spaces.

Continue reading “Survey Says “Yes” — 5 Tips to Use When Scouting a New Office Space”

Work Smarter: Key Expenses to Consider for Operating an Industrial Space

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

The rental rate for a commercial or industrial space typically includes more than the base cost of rent and the company’s share of the utilities. Often, this concept catches business owners off-guard, especially when they have worked hard to prepare a budget for a new space ahead of time without considering what other expenses play a factor in their lease.  

Continue reading “Work Smarter: Key Expenses to Consider for Operating an Industrial Space”

Head of the Class — Choosing Between Class A, B, or C Buildings for Your Business

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

Choosing an office space that aligns with a company’s goals, growth, and continued success requires balancing a number of factors. And with enough time and an endless budget, decision-makers could tour and thoroughly research every possible potential space available before whittling their choices down to a handful of top candidates for their new space. But for most business owners, this approach is unfeasible. 

Continue reading “Head of the Class — Choosing Between Class A, B, or C Buildings for Your Business”

Words Matter: Terms to Know in Industrial Lease Proposals

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

A key aspect of negotiation is balance. Striking an equitable balance with landlords during lease proposal negotiations is what allows tenants to ensure the lease they’re signing includes the provisions and terms they need to use the space as intended and to continue operating successfully. But leases are structured using highly specific terminology and phrasing that is difficult to parse by those without expertise in real estate. And being unable to fully understand what is written into the lease can put a lion’s share of the power at the negotiating table in the hands of the landlords. 

Continue reading “Words Matter: Terms to Know in Industrial Lease Proposals”

Choose the Right Warehouse Type for Your Distribution Needs

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

Every space a business owns or leases should have a precise purpose in supporting or furthering the growth, profitability, and goals of the business. This is a simple concept for most business owners to grasp, but it can quickly become lost in the midst of other details while searching for the right property to fulfill the company’s needs.  Continue reading “Choose the Right Warehouse Type for Your Distribution Needs”

When To Re-Negotiate Office Rent and What to Ask For

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

With the mass return to in-office work remaining in flux, business owners and office tenants are increasingly seeking out solutions for ways to retain the spaces that are so central to their hard-built brand and culture, but without sinking under the weight of paying for a space that is only used sparingly. We’ve explored the prospects of sub-leasing some of the current space or switching to a shorter-term lease, but another opportunity to explore is in re-negotiating the current commercial lease terms with the landlord. Continue reading “When To Re-Negotiate Office Rent and What to Ask For”

Unlocking Shareholder Value: A New Approach For Banks

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

Introduction

Outsourcing real estate ownership and management through partial and full sale-leasebacks is now a proven business strategy for banks to increase Shareholder Value by:

1) Reduce operating expenses, thereby increasing EBITDA and stock price.

2) Increase non–dilutive capital 

3) Redeploy capital tied up in operational real estate to the next generation banking model which primarily utilizes large investments in technology for remote/virtual banking customer experiences. Continue reading “Unlocking Shareholder Value: A New Approach For Banks”

Strengths and Weaknesses of Short-Term Leases

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

Between the fluctuations in the employment market and the increased demand for flexible work requirements from employees, business owners are searching to retain an edge against increased expenses and unknown factors. For many, this means re-evaluating the needs and terms of their physical office spaces.  Continue reading “Strengths and Weaknesses of Short-Term Leases”

Tips to Create Flexibility in Lease Terms

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

The past year has undoubtedly created a series of unique challenges for business owners. But weathering the storm has provided an opportunity for those same challenges to act as pertinent teachable moments to help business owners strengthen their resolve, and understand how to be more agile in the face of adversity.  Continue reading “Tips to Create Flexibility in Lease Terms”

Permanent Changes to Offices in a Post-COVID World

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

With social distancing restrictions and mask mandates lifting across the country, companies are turning their sights on ways to bring their employees back together in a physical space. Remote work has increased substantially, and with a large portion of workers finding similar or greater success working from home — and with lingering fears from COVID-19 still casting a shadow over the idea of interacting in public places — employers are quickly finding that they need to make serious changes to their offices if they want their employees to return to the physical office space.  Continue reading “Permanent Changes to Offices in a Post-COVID World”