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What’s in store for the Commercial Real Estate Market in 2017?
Equity markets typically disdain uncertainty yet, as of this writing, the S&P is up about 6% since the US election even with the anticipated uncertainty that a President Trump administration brings. The S&P increased over 13% in 2016 (including dividends). One thing that does appear to be certain is rising interest rates. US Treasuries are…
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Reflections on the Current Market: Summer 2016
In my November blog post, I described the how the commercial real estate industry is in sync with the economy. Good economic times are good for the commercial real estate market while recessions are definitely not. But what do current signals in the economy portend for the future for the commercial real estate market? Following…
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Selecting a Full Service Commercial Real Estate Brokerage Firm
The most effective commercial real estate brokerage firm provides a full spectrum of services to its clients. Companies that require assistance with leasing or purchasing of properties and relocation can benefit from working with a firm that will assist with its search for property, i.e. tenant representation, and provide guidance throughout the relocation process. A…
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Long Term Client Relationships Matter
Over the course of my 29 year career as professional in the commercial real estate industry, I have found that the role of a successful commercial real estate broker has evolved from serving in a rudimentary brokerage capacity facilitating transactions to the role as strategic and trusted advisor to my clients. This role involves diligence,…
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Finding Real Solutions To Real Estate Requirements
A role I have found that I thoroughly enjoy is assisting business owners with finding solutions to their real estate requirements. I often find that my work with entrepreneurial ownership involves not only addressing space needs but also involves advice with financial goals as well. I identify my role as a real estate professional advisor, confidante and consultant to…
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Boutique Commercial Real Estate Firm Thrives Beneath The Titans
A mega-merger between two commercial real estate titans Cushman & Wakefield and DTZ has recently been completed. While this merger will have some impact within the Greater Boston commercial real estate brokerage industry, commercial real estate firms that operate out of the spotlight will continue to thrive. My firm, Boston Commercial Properties, has provided…
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Financing Owner Occupied Commercial Real Estate
The current economic climate has enabled strong demand for business owners to seek commercial properties to acquire to accommodate their real estate requirements. Interest rates continue at historic lows, banks have cleaned up their balance sheets since the last recession and there is a lot of capital available. While finding the right property for our clients…
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Modified Gross and Absolute Net Leases, Part II
As described in Part I: “What does Triple Net and Gross Mean?,” a triple net lease means that the tenant is responsible for payment of real estate taxes and operating expenses and the Landlord essentially keeps all of the rent proceeds. However, as is typically the case with industrial leases, the Landlord may take on…
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What Does Triple Net and Gross Mean? Part I
One of the most popular questions I receive pertains to the difference between “triple net” and Gross lease rates. Most retail and industrial spaces are leased on a “triple net basis.” This basically means that the tenant is responsible for payment of real estate taxes and operating expenses. The Landlord essentially gets all of…