Monthly Archives: September 2012

Making Strategic Market Decisions

Whether client interactions or online transactions are the crux of your company, knowing and understanding your market can help to optimize and expand your business. If you are looking for a larger commercial property or entering a new market for the first time, enlist an experienced commercial real estate broker to help you make a sound and strategic real estate decision. In addition to helping you find and secure the right commercial property, your broker can also provide valuable insight into market-specific initiatives and opportunities that could positively impact your own company.

With the economy in flux, the commercial real estate market is also changing with constancy. With the guide of an experienced broker who understands the current commercial real estate outlook, you can make a strategic commercial real estate decision that benefits your company now and into the future.
Whether you choose to relocate your business because of expansion or to follow new opportunities, finding the right property can impact the success of your business, particularly if you are entering a new market. Read more about office relocations, what to consider, and how to make a seamless transition with this guide from Entrepreneur Magazine.
Eco-friendly commercial properties and initiatives can help companies to conserve both valuable environmental resources and long-term expenses on energy and utilities. One such program is ResourceSmart, a partnership between Denver utilities providers and the National Association of Industrial and Office Properties that invites the commercial real estate community to conserve and smartly use resources.

For more information about commercial real estate, please contact Tom Pappas. As managing director at Studley, Inc., Tom specializes in strategic planning within the Denver market and develops real estate strategies to help his clients make sound commercial real estate decisions. Visit us online or call Tom today at (720) 259-1809.

Posted in TENANT REPRESENTATION

Denver Business Journal: Designing Office Space for Flexibility and Maximum Revenue

Sep 19

Posted by Tom Pappas

With a shift in work styles occurring in the office—driven, in part, by changes in virtual communications, the trend towards off-site meetings, and less demand for private workspace from Millennials—developers, landlords and tenants are beginning to rethink the design and function of the traditional office. In their article for the Denver Business Journal published on September 14, 2012, Jeff Hohensee and Phillip Saieg write that “The work style of the 21st-century workforce, with its focus on sustainability, mobility, connectivity and collaboration, is changing. In turn, the space we occupy must transform to keep up with these new demands.”

Tenants are finding that, as more employees conduct business outside the office or in collaborative spaces, the amount of square footage required for each employee has lessened. And in an effort to maximize rented space, some developers and property owners are building out more flexible office spaces, complete with multiple meeting spaces and natural light, to attract tenants and appeal to employee work styles. And the potential outcome of these shifts in style and attitude? Building owners may be better able to maximize rented space and revenue while tenants can reduce overhead and operating costs. And with both parties benefiting, say Hohensee and Saieg, we may see a move towards integrated design and split incentives among owners and tenants:

“By marrying space design with productivity, floor plan layout with revenue generation, and building systems with comfort and sustainability, building owners are able to drive down vacancy rates, boost productivity of their tenants’ employees, and enhance profitability for both themselves and their tenants.”

To read the full article, visit the Denver Business Journal online: http://www.bizjournals.com/denver/print-edition/2012/09/14/denver-real-estate-experts-ways-for.html.

For more information about commercial real estate in Denver, contact Tom Pappas online or call today at (720) 259-1809.

Posted in TENANT REPRESENTATION

Call on a Broker in Your Commercial Property Search

Sep 7

Posted by Tom Pappas

Just as using a real estate broker can make your residential search less stressful, working with a tenant representative can make your commercial property search more strategic and targeted to your business needs. With experience and expertise in the industry, a commercial real estate broker can help you make a decision that considers your company’s growth, employee productivity, and investor demands. A tenant representative is not only an advocate for you but also brings valuable market knowledge and skills to the negotiation table.

Business Insight: After analyzing your business model, goals, and company culture, an experienced commercial broker can help you find the space that best fits your current and future needs. Moving or relocating your office can impact finances, business operations, and employee and client satisfaction, but working with a professional can help you make the transition more seamless and strategic.
Extensive Market Knowledge: Particularly if you are not from the area, a thorough understanding of your target market is critical to finding the right space at the right value and with the right opportunities. With his or her detailed understanding of the market, an established broker can help you target the right area for your business, analyze properties and demographics, and answer your questions about future growth or development activity.
Negotiation Skills: Finding a suitable office is often easier than securing one. A commercial real estate broker brings extensive and insider knowledge of commercial lease negotiations that can help you secure the most favorable terms. When hiring a broker, look for a tenant representative; he or she advocates solely for clients and their best interests, not the landlord’s.