The Commercial Minute
If you’re buying commercial real estate in Colorado or thinking about selling your commercial building, hiring a commercial real estate broker is likely the first professional that came to mind. But have you put much thought into how to identify a reputable real estate attorney? Selecting an experienced real estate attorney to represent the acquisition of commercial space or the sale of your commercial property will give you the upper hand during the transaction process. In the following article, we will outline some questions to keep top of mind so you can feel confident when identifying a good commercial real estate attorney.
In the words of Andrew Carnegie, the business magnate who led the expansion of the American steel industry in the late 19th century, “Ninety percent of all millionaires become so through owning [commercial] real estate. More money has been made in [commercial] real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in [commercial] real estate.”
While the economy may have evolved since the late 19th century, Carnegie’s sentiment still holds true today, because in answer to the question, “Is commercial real estate a good investment?” – we say yes! There are a number of advantages to owning commercial real estate, especially in active markets like Colorado. In the following article we will outline some of the pros and cons to a commercial real estate investment.
Chris Lindgren Has the Pulse on Metro Denver Development You don’t have to be a
If it is time for your lease renewal or you are embarking on the exciting journey of finding commercial space for your small business, arming yourself with knowledge about the negotiation process is a great way to prepare. Keeping your eyes open to all lease terms will make sure you position you and your business positively for the future.
How Can I Maximize the Value of my Commercial Property?
This is a great question, and we love to hear that your invested in improving the value of your commercial property. It is always a good idea to keep up with regular maintenance and janitorial concerns, and to fix any broken items in your building. But any major remodeling of your building may not be necessary, especially for hot markets like Denver, Colorado. The best way to identify opportunities to grow the value of your commercial building is to discuss your capital goals with your commercial broker. They will be able to develop a pricing strategy for your property and have a pulse on the commercial market, so they can make suggestions if there is a large gap in your goals and the fair market value of your property.
When a business owner decides to purchase office space for their small business, considering their employees should be a key part of the process to ensure limited disruption to the business. In the following article, Phil Kubat, Principal & Managing Broker of Transworld Commercial Real Estate, answers key questions to help guide business owners in their office space search.
If you’re thinking about selling commercial real property, Transworld Commercial Real Estate can help. There
Selecting Your Professional Team to Support a Commercial Purchase Purchasing commercial real estate for your