The Importance of Being “Shovel Ready”

April 20, 2023

The groundbreaking ceremony for a new building signifies the physical start of a construction project. In most cases, however, months or even years have already been spent preparing the land for future growth, as planners and developers work behind the scenes to make the property “shovel ready.” Attempting to market a property that is not shovel ready can be a significant barrier to making a commercial property sale. But what does it mean to have a shovel-ready property, and why is it so important?

Three Real Estate Trends to Watch in 2023

February 22, 2023

Where will we see growth in 2023 for commercial real estate? Three trends to watch include initiatives to provide affordable housing, the reimagining of office and record demand for industrial real estate.

What Smart Buildings Could Mean for the Future

August 29, 2022

A decade ago, it was hard to imagine the concept of a smart building or how it would transform the commercial real estate landscape. Today, smart building technology has gained popularity in a variety of commercial spaces. Some advantages of smart building development include: Reduced costs related to maintenance and energy consumption. Reduced amount of […]

How Inflation Could Influence the Workplace

February 1, 2022

Part one of this series began with a discussion on inflation and interest rates, and how we anticipate these factors will influence leasing and development in our market. As we continue the new year with the expectation of slowing economic growth and continued high inflation, we want to take a closer look at how the […]

How Will Inflation Impact Commercial Real Estate?

January 13, 2022

We’ve all noticed the change — at the supermarket, gas pumps, and nearly everywhere else. Whether it was the cost of your Christmas tree or your New Year’s Eve champagne, prices are significantly higher today than they were just one year ago. In fact, the Consumer Price Index has climbed 6.8% in just the last […]

Medical Retail: When Convenience is the Cure

December 21, 2021

Nationwide, commercial property is experiencing a significant shift in the makeup of the brick-and-mortar retail market. The COVID-19 pandemic has repeatedly taught us that convenience is king, and although we have somewhat returned to our pre-pandemic routines, online ordering, delivery services, and omnichannel distribution are all continuing to thrive. While some traditional retail shops are […]

Preparing Your Commercial Property for the Market

September 20, 2021

Property values are soaring, and interest rates are at near-record lows. It’s no wonder many commercial property owners are considering selling their assets to take advantage of one of the strongest sellers’ markets in recent history. Much like preparing to sell a home, commercial properties need to be appealing to potential buyers. But unlike your […]

The Evolution of Facilities Management

August 13, 2021

Review the financial statements of nearly any location-based business and you’ll see a similarity. In most cases, the company’s most significant investment will be its real estate. Whether that business leases a small office or owns a 500,000-square-foot warehouse, its land, buildings and improvements will account for some of the largest numbers in its operating budgets. […]

Your Commercial Lease Clauses and COVID-19

August 10, 2021

The COVID-19 pandemic has forced us all to re-evaluate the ways we conduct business, including remote work opportunities, surface sanitization, social distancing, human resources policies and indoor air quality. For those in the commercial leasing business, the concept of force majeure and how it applies to the pandemic is also being evaluated. Current litigation related […]

Why Southwest Florida’s Office Market Reveals Reasons for Optimism

June 4, 2021

We will all remember the year 2020 for innumerable reasons. The coronavirus pandemic, historic unemployment levels, a highly divisive election, and civil unrest all shared the headlines in a year none of us will soon forget. 2020 was also the year that many office employees and their employers discovered that they could complete their responsibilities […]

Author:

Gary Tasman