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There are so many types of leases. Examples of these are gross lease vs. net lease vs. triple net lease, which all sound very technical and full of jargon. As dedicated property managers in Baltimore and surrounding areas, we deal with a lot of leases. Table of Contents What is a Gross Lease? Good question.
The continued expansion of quick-service restaurants, eatertainment venues and discount retailers is likely to drive higher occupancy rates, boost rental yields and increase property valuations.
Finding the perfect commercial property for your business is an exciting milestone, but lease negotiations can sometimes feel overwhelming. Negotiating commercial property leases requires careful market research and attention to key terms like rent, lease duration, and maintenance responsibilities. What is a Commercial Lease?
Triple net NNN leases seem to be all the rage for real estate investors. Real estate investors exhibit significant interest in triple net leases for several reasons. The reality is clear: triple net leases are seldom as unequivocal as they first seem. What is a Triple Net Lease and Why are they Desirable?
While the retail market appears slightly weaker than last year, the ongoing shortage of quality available space continues to underpin fundamentals. Nearly a third of the chains 695 leases were […] Nearly a third of the chains 695 leases were […]
Sublease Market 2025: Increased Competition and Pressure on Rental Rates The increase in sublease availability presents additional opportunities for prospective tenants, thereby heightening competition among property owners, landlords and property managers managing leasing.
retail market continues to demonstrate impressive resilience, with vacancy rates holding steady and fueling confidence in the sector’s performance. Retailers are eager to grow, but leasing activity […] As we enter the year’s final quarter, the U.S.
Common types include: Retail : Shopping malls, big box stores, and outlets. Marketing Coordinator Salary Range : $37,000 $97,000 Designs and implements campaigns to attract tenants or investors, working closely with leasing teams and brokers. Hybrid REITs : Combine strategies of both equity and mortgage REITs.
2022 Year-in-Review The retail industry remained in expansion mode in 2022 as consumers and retailers remained resilient despite concerns over inflation, interest rates, and a potential recession.
Retail space management is the art and science of using physical space effectively to maximize efficiency, enhance customer satisfaction, and drive profitability. Its what helps retailers organize their stores in a way that attracts shoppers, boosts sales, and makes the best use of every square foot.
In our next episode of Retail Recorded, Anjee Solanki interviews Dimitri LaLagos, SVP of Leasing and Retail Development, at Triple Five, the holding company that owns and operates American Dream in New Jersey.
In this month’s episode of Retail Recorded, Anjee Solanki chats with Michael Lirtzman, Colliers’ Head of Office Agency Leasing, on how retail supports office environments.
Commercial Property Management Commercial property management focuses on properties intended for business use, including office buildings, retail establishments, and industrial sites. Commercial property managers must juggle tasks like lease negotiations, property maintenance, and ensuring compliance with zoning laws.
Including Microsoft Excel in your lease accounting workflow may seem like the simplest or most practical way to manage simple accounting tasks. While Excel can be a great starting point, it can’t keep up with the real estate market – especially for retailers. Leasing commercial space is a cornerstone of the retail business model.
retail market continues to exhibit resilience in the face of varied economic headwinds. The second quarter has provided both challenges and opportunities for retailers, with the landscape marked by constrained leasing activity due to limited space availability and rising operating costs.
The convenience store sector has emerged as a retail powerhouse, achieving $860 billion in sales in 2023. Following a record 534,262 square feet leased in 2021, store leasing activity remains robust, with over 500,000 square feet leased last year. now boasts over 152,000 convenience stores, marking a 1.5%
Retailing has undergone enormous transformation in recent years. However, in-store purchases still account for most retail sales. of total retail sales. of total retail sales. These data-driven actions help you create the great experiences that your retailers and their customers demand. But thats not all.
A triple net lease (NNN) is one of the most popular types of commercial real estate leases in the U.S. It’s especially common for retail spaces, restaurants, and other franchise businesses. This lease structure offers tenants greater control over the property, allowing them to manage aspects like repairs and upkeep.
Footfall counting is an essential tool for modern retail. They provide the insights your tenants need to thrive, increasing the value and appeal of your retail spaces. Lets dive into what footfall counters are, how they work, and why theyre a must-have for todays retail industry.
Navigating the complexities of commercial real estate leases is essential for both property managers and tenants. In this article from MRI Software, we’ll explore the different types of commercial leases, providing valuable insights to help you navigate lease agreements with confidence. What defines a commercial lease?
The new lease accounting standards— ASC 842 lease accounting for U.S. The new lease accounting standards: what’s changed? The new lease accounting standard introduces major shifts in how leases are reflected on financial statements. Previously, companies could keep operating leases off their balance sheets.
This new law mandates that landlords and their representatives—across all commercial sectors, including office, industrial, and retail—adapt their leasing practices when engaging with a newly classified category of tenants known as “qualified commercial tenants.”
These services provide a positive experience for new residents upon move-in and a VIP lifestyle that encourages lease renewals. Need a Lease Agreement? Access 150+ state-specific legal landlord forms, including a lease. and moving services. This also increases the retention of on-site staff!
Office space, retailers, restaurants, hotels and resorts, and even healthcare facilities all fall under the category of commercial real estate. Leases on industrial properties can be very financially beneficial and have a tendency to be very long-term holdings. Contact us today to learn more.
If you’re looking for retail, industrial, or office space you’ve likely come across variations of lease structures from which you can choose. More often than not these lease structures are drafted in commercial real estate terms alien to you. Keep in mind that a triple net lease is different from a full-service lease structure.
Entering a lease agreement without understanding the basics at the very least can be detrimental to you in the long run. Before you get into the negotiation phase of a residential or commercial lease, you should acquaint yourself with new vocabulary. A good example is a gross lease. Why should you consider a gross lease?
Leasing remains concentrated in smaller spaces of under 2,500 SF, where activity is overwhelmingly driven by growth from quick-service restaurants and personal services.
Lease term: minimum 3 months stay. The Opsal is a 24-storey steel tower located on the southeast side of False Creek featuring 165 condo units as well as commercial retail space. Pets: sorry not this one. Absolutely no smoking please. Building amenities include a bike room, a fitness centre, a sauna, a steam room and a hot tub.
Lease term: minimum one year lease. Save-On-Foods, Joey Burnaby, Winners, Sushi Yoi, Tendon Kokahu, and Kokoro Tokyo Mazesoba are at the ground floor retail level. Move-in/out fees: as per strata bylaws. Pets: sorry not this one. Absolutely no smoking please.
Lastly, commercial properties office complexes, retail establishments, and commercial warehouses are examples. Some commercial properties require onsite workers to oversee operations or may need additional permissions or licenses that need to be managed, depending on the size of the property and leasing arrangements.
Meanwhile, healthcare facilities and grocery-anchored retail spaces cater to essential services that remain in-demand regardless of economic conditions. To enhance tenant stability, focus on screening tenants thoroughly and offering incentives for lease renewals.
From office buildings and retail spaces to industrial complexes and leisure facilities, effective commercial property management is crucial for maximizing value, ensuring tenant satisfaction, and maintaining profitability. The primary role of commercial property management is facilitating leasing and tenant management.
Understanding the operational intricacies of a commercial retail space requires comprehensive knowledge of various aspects, including Common Area Maintenance (CAM). But what is common area maintenance, and why is it so vital for commercial retail managers? What is Common Area Maintenance (CAM)? How does Common Area Maintenance work?
These versatile properties combine residential, commercial, and retail spaces, meeting modern tenant demands for convenience and sustainability. Mixed use properties are developments that combine two or more types of real estate, residential, commercial, retail, or industrial, into a single location. What is mixed use property?
That equates to 70 deed-in-lieu transactions spanning office, industrial, multifamily, hotel and retail properties in the first quarter, following 93 properties handed to lenders in the last three months of 2023. Despite years left on the lease, the tenant exercised an opt-out clause and vacated the property shortly after it traded hands.
Commercial asset class Commercial properties encompass spaces for business operations, such as office buildings, retail spaces, hotels, and multifamily buildings. These properties often feature long-term leases, providing stable income streams that appeal to investors who prioritize predictable returns.
They earn money by leasing space, collecting rent, and distributing dividends to shareholders. Retail REITs Retail REITs invest in properties like shopping malls and retail centers. They generate income from leasing space to businesses. They earn income through long-term leases with businesses.
Contract Rents: Actual contract rents, which are the rents agreed upon in lease agreements, have also risen, averaging about $3,000 per month. Economic Drivers: Broward's diverse economy, which includes strong retail, entertainment, and professional services sectors, supports a stable rental market.
These properties include offices, retail spaces, multifamily housing, and industrial facilities, each serving tenants with unique needs. For instance, a well-managed retail plaza with popular stores can generate consistent rental income while gaining value in a growing market. What are CRE investments?
Lease term: minimum one year lease. FEATURES: The Hudson residential component sits on top of a host of new exciting commercial retail outlets. Move-in/out fees: as per strata bylaws. Pets: sorry not this one. Absolutely no smoking please. Live, work, shop and play in most vibrant part of Downtown.
Footfall measurement is an essential tool for property managers and retail owners alike. In fact, retail sales in the U.S. Whether you manage multifamily properties or retail spaces, understanding footfall is crucial for optimizing performance and driving profitability. increased by 2.3% What is footfall and why is it important?
For Group 1: Age: 60-64 Household income: $75-100k Household size: 2 people Common leisure activities: Pets, mall shopping, music, sports, retail. EXAMPLE STATS There were two groups of empty nesters that we explored for these statistics, and while they have some items in common, their age, hobbies, and values varied a little.
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