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.

Searching Solo: 5 Common Commercial Real Estate Mistakes

An essential component of your commercial property search can be working with a professional commercial real estate broker. From the initial research to the final negotiations, the commercial market can be fraught with uncertainty and complex choices if navigated without the right guidance. A tenant representative can provide you with expert analysis of market conditions, available properties, and deceptive lease agreements, working to get you the best results at the best value. Those who undertake the commercial property search themselves often make a few key errors, like those below, that can be more costly in the long run.

1. Strategic Errors: Does this property have potential for expansion? Is it in a location that will continue to grow and thrive? These considerations should influence commercial real estate decisions but can be often overlooked by those without the knowledge to answer. An experienced commercial real estate broker can help you locate the property that is most advantageous to your short-term goals and long-term success.
2. Lease Mistakes: Most tenants have little experience negotiating and signing a commercial lease agreement. Without knowledge of landlord practices and reasonable requests, tenants can end up signing expensive and restrictive leases. A tenant representative can work with you to identify your needs and wants, negotiate effectively with landlords, and advocate for the most beneficial lease terms. He or she can also perform a lease review to help you better understand the terms of your agreement.
3. Paperwork Oversights: Leasing or purchasing commercial property requires a great deal of the necessary paperwork, some of which may be overlooked or little understood. With the assistance of an expert on the commercial market and legal guidelines, tenants can file the right paperwork more efficiently and move into their new space in less time.
4. Landlord Conflicts: Dealing directly with a landlord can be problematic for tenants, particularly when it comes to lease agreements. Some landlords can be difficult to work with, refusing to negotiate, and tenants do not always have the experience or knowledge to challenge them.
5. Conflicts of Interest: Many commercial real estate firms represent landlords and developers, which means they benefit most when their clients benefit. To avoid a situation in which your interests are subordinate to those of landlords whose business a firm covets, work with a tenant representative. A tenant representative works exclusively with tenants, aligning his or her goals with your own and advocating for your interests over the landlord’s or interested firms’.

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.

Market Metrics: What Drives Commercial Real Estate?

While the current state of the economy has affected both homeowners and investors, the commercial real estate market faces unique challenges and metrics of its own. With extended vacancies not uncommon and tenants looking for new property less frequently, slow economic growth can make commercial real estate an unpredictable industry. Working with a commercial real estate broker can help you better understand and capitalize on the current market. Learn more about what drives the commercial real estate market to help you make a sound decision for your own business, company, or office.

• Industry Growth: As new industries form, startups launch, and jobs are created, the demand for commercial real estate rises. Entrepreneurs will need space to execute new ideas, manufacture products, and transact their services. As industries like oil and gas boom in Denver, for example, the demand for new office space grows. Even as older business struggle or fail, the emergence of new businesses and industry sectors contributes to an active commercial market.
• Increase in Employment: Employment is another key factor of the commercial real estate market. As companies grow, they need more or larger space to accommodate expanded employee ranks. In return, the commercial real estate market often contributes to job growth and increased employment itself. From the hiring of custodial and security staff to the employment of building and asset managers, the economic impact of real estate can be reciprocal.
• Social Demand: As demographics and individual needs shift, so do social needs. When families move to new subdivisions or towns, the demand increases for places to eat, shop, educate, and work. Community expansions and the desire to live near convenient resources like school, shops, and offices can also drive the commercial real estate market.

For more information about working with a commercial real estate broker, 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.

Generation Y and the Workplace: What Does the Future Office Look Like?

What do young people seek in a workplace? Is the office of the Baby Boomer different from the one that belongs to Generation Y? How do generational preferences influence workplace environment and capabilities? 

Dr. Michael O’Neill, Senior Director of Workplace Research at Knoll, Inc., asks and offers insight into these questions about generational preferences and the workplace in his white paper, “Generational Preferences: A Glimpse into the Future Office”. In the paper, Dr. O’Neill explores the workplace preferences of four distinct generations in different categories, including physical comfort, acoustic privacy, meeting spaces, and engaging workplace. He finds that, as workplaces transition from Baby Boomer preferences to those of Generation Y, four central themes have emerged as guiding principles for how the future office will look and function.

Read the entire white paper by downloading the PDF or viewing it on our Facebook page.

For more information about locating commercial office space, 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.