The ABC’s of Office Building Classes
A combination of factors come together to determine office building classes and what buildings meet the criteria for Class A, Class B, or Class C. Sometimes referred to as “Metropolitan Base Definitions,” building class definitions are used as a tool for standardized comparison to determine the types of tenants or building buyers who may be attracted to a particular office building.
The Process of Buying Commercial Real Estate
Transworld suggests working with a quality commercial real estate attorney, your financial planner or tax accountant, and a commercial broker. These professionals will be able to help you consider the full picture and repercussions of buying property and will help manage the transaction process on your behalf. If you’re unsure where to begin, ask for recommendations for experienced professionals from your commercial broker.
4 Reasons To Buy Commercial Property in the New Year
The start of a new year is a hopeful time and an opportunity to set goals and build a growth strategy for the new year. Transworld wants to help you make good on your business goals and clue you in to some of the benefits of buying commercial real estate for your business. The timing of the market is great for real estate ownership – see why we think so in our top four reasons to buy commercial property in the new year.
Why Business Owners Should Buy Commercial Property
For many business owners, owning the building you operate from is a dream. In Transworld’s experience, buying commercial real estate after working from a coworking space gave us access to plentiful parking, a central place the team could call home, and the advantage of our own conference rooms for client meetings. This was the best decision for our business and customers and has helped us reach growth milestones we’ve been working to achieve.
Considerations for Property Buying in a Tight Market
As a small business owner, buying commercial property offers a number of benefits that a commercial lease simply can’t measure up to. These benefits including acting as your own landlord (think you call the shots and customizations), tax benefits, equity building opportunities, and even options for better market power through building advertising. But how can you take advantage of a commercial real estate purchase in a tight commercial market like Denver’s where there is limited inventory for sale? There are a couple ways you can position yourself for a commercial property investment, to make the best use of the active market and they are as follows.
How to Identify a Reputable Commercial Real Estate Attorney
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.
Is Commercial Real Estate a Good Investment?
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.
A Brief Guide to Purchasing Commercial Real Estate for a Small Business
Let’s dive in to purchasing commercial real estate for your small business with these top tips. In the following discussion we will share a brief guide to purchasing commercial real estate including tips and key topics to consider before taking the plunge into ownership. Assemble a Team of Experts. Having a team of professional, advisors […]
Why Should You Purchase Commercial Property for Your Business?
The term commercial property or commercial real estate refers to buildings or land that are intended to generate profit. There are a number of reasons the purchase of commercial property can be beneficial to a small business owner. These benefits range from tax advantages to building long term equity. In the following discussion we will […]
A Brief Guide to Purchasing the Right Commercial Space for Your Small Business
What to Consider When Choosing Commercial Space When beginning the process of purchasing commercial real estate for your business, it is important to consider a number of variables to ensure the purchased space is optimal for you. Location The first consideration is, of course, location. Consider your business model and who accesses it on a […]
