Tag: Lease

The Right Price: The Other Costs in Commercial Lease Terms Tenants Should Keep in Mind

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

Once the perfect relocation spot is scouted and secured, and the paperwork is drawn up and presented, there is a strong temptation to rush through lease clauses and sign off without scrutiny to just tie a bow on the deal and be done with it. But rushing into signing a commercial lease without giving the terms a thorough read can have detrimental consequences, particularly financially.  Having a tenant representation broker as well as a competent real estate attorney provide their services in looking over a lease before it’s signed is critical in this respect. By doing the due diligence and bringing in expert help, commercial renters and buyers are able to address many easily overlooked lease terms — such as the following — and avoid any costly oversights in the process.  Continue reading “The Right Price: The Other Costs in Commercial Lease Terms Tenants Should Keep in Mind”

Keeping An Eye Out: What To Look For While Touring Commercial Spaces

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

During the buying, leasing, or relocation process, touring the prospective locations is one of the most thrilling times. Actually being within the space, walking around, taking in the possibility and potential, is both exciting and overwhelming. It’s one of those times when it makes the entire process feel real, and gives it actual weight, which is why it can also be easy to be so caught up in the tour that one forgets or overlooks several key opportunities. Taking some time, and knowing what to look for, before setting out on the tour can help minimize distractions and keep the focus on securing the best space possible for future business growth. Before setting foot inside a potential space, keep these tips in mind to prepare and to take full advantage of the office space tour. Continue reading “Keeping An Eye Out: What To Look For While Touring Commercial Spaces”

Repurposing with Purpose: Advantages in the Redevelopment of Older Buildings for New Uses

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

Driven by a shift in the demographics dominating today’s workforce — from older generations looking to capitalize on their disposable income as they transition into retirement to millennials continuing to occupy greater space within the working world — businesses have adapted by relocating into urban areas to better target the rising population of workers and consumers shunning suburban lifestyles for city-living. With the increased interest in urban land and business space comes a spike in prices for newer, modern real-estate developments, which in turn can be cost-prohibitive for some business owners looking to capitalize by making the move into a city. Fortunately, alternatives exist to counter-balance these obstacles, in the form of “adaptive reuse” properties — i.e. the redevelopment of existing, older commercial properties within the city for modern business uses, drawing from the established architectural foundation of the urban centers. Continue reading “Repurposing with Purpose: Advantages in the Redevelopment of Older Buildings for New Uses”

Real Estate Dilemma – To Lease or to Buy? When That Is the Question

Unlike Hamlet, you don’t have go mad trying to find the answer. But you do have to begin with the end in mind.

By Jim Schnur, CCIM
President and Designated Managing Broker
Integrated Real Estate Solutions

Poor Hamlet struggled with “to be or not to be?” and seemed to drive himself crazy. Fortunately, “lease or buy” isn’t quite that challenging, but business owners too often struggle more than they have to. Seeing the decision as part of a company’s broader business strategy, as we do, can help. Continue reading “Real Estate Dilemma – To Lease or to Buy? When That Is the Question”

When Real Estate Won’t Wait

Getting the right space on the right terms means getting started at the right time.
By Jim Schnur, CCIM
President and Designated Managing Broker
Integrated Real Estate Solutions

Perhaps the biggest mistake companies make in leasing, buying, or building is not allowing enough time for the search process. Simply put: Finding the right space for the right terms takes time. Continue reading “When Real Estate Won’t Wait”