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How important is due diligence when it comes to corporate real estate? As a prospective tenant, you have the right to gain a full understanding of the building's infrastructure and the landlord's finances before committing to a lease. In this three-minute video, I provide a list of essential questions you must ask landlords when considering new office or warehouse space. #corporaterealestate #cre #duediligence #negotiation #strategicplanning

I am meeting with 2 law firms this week in the South Jersey Market. Both of their leases do not expire for the next 12-24 months. The $/SF on their current lease has outpaced what their building's current asking rate is. We will look into a few different scenarios over this time frame: 1. Review other buildings in their market that have higher quality amenities, common areas, & better prices. 2. Current SF: Do they need to downsize, expand, or stay level with where they currently are? 3. Renewal: This can be done many months before expiration. In the current office environment, Landlords have been willing to extend lease terms to ensure they do not lose a tenant in the future. 4. Could their current suite have a facelift with updated paint, flooring, lighting, ect? The biggest take away I have seen working with these firms is this process takes time. As an office tenant, it is crucial to take action on this process 12-24 months out in order to secure the best deal for your firm/business/practice. There is no negotiating tool more effective than time. We could discuss your current situation in under 15 minutes. Why wouldn't we meet? Ty Martin, MBA McCann Commercial Real Estate #SouthJerseyOffice #OfficeLease #OfficeTenant

Check out the latest commercial real estate transactions roundup below. Coldwell Banker Commercial Atlantic Harbor Commercial Partners, LLC #commercialrealestate #realestate #CRE #charlestonrealestate #southcarolina

It's being predicted that 2024 and 2025 will be the two worst years on record for commercial office buildings in terms of the amount of floor space that tenants are giving back or vacating across the country. Some buildings are being sold at discounts as steep as 70% from prior years. 1740 Broadway in NYC just sold for $185 million, down from $600 million a decade prior. Are we going to see a turn around in the commercial real estate market or will this decline continue? https://lnkd.in/gzGpwqYQ

Missed last week's biggest real estate sales? D.C. topped the list, seeing its biggest office deal of the year so far with PRP Real Estate Investment dropping $323 million for the Market Square office complex. See more of last week's top real estate sales from across the country: https://lnkd.in/ehnQANT3 #CommercialRealEstate #CODealsoftheWeek

"Two Lease Renewals Signed for Boutique Bryant Park Offices" Read the full article below..

As someone who frequently handles Condominium Conversions and No Action Letter Application filings for clients, I found this article fascinating. I think it's an often overlooked strategy for office building landlords, especially those with potential owner-occupant tenants turning buyers. I could talk about the avenues of potential here for days. Who wants to get into a satisfyingly nerdy conversation with me about the options here? #realestateattorney #nycrealestate #condominiums Attorney Advertisement. For informational purposes, not intended for legal advice. Past performance is no guarantee of future results. https://lnkd.in/e82eBSGK? utm_source=url_sitebuttons&utm_medium=site%20buttons&utm_campaign=site%20buttons

I talked my way out of a $250k commission yesterday and it’s a good thing. I earned a listing right off Michigan Ave, downtown Chicago. Walked through twice, got floorplans, had multiple people take pictures and as I’m walking through I said to myself. This doesn’t need to be commercial office, this is a perfect mixed-use candidate for office to resi. So I called my client and said “Hey I know I’m talking myself out of a job but this is going to be good for you”, went over comps both office and residential, went over the floor plan to see how the floor plate can accommodate it, went over zoning, density and even egress. Now the listing is on hold while they research it. As a fiduciary it’s my job to do what is best for the client even when it’s not in my interest. As a person I like to see things be their best, and nothing excites me more than a great project. Lastly, and probably most importantly its about trust. Trust you have their best interests in mind and trust that you know what you are doing, that leads to more business and referrals. #CRE #realestate What would you have done ?

Converting vacant office buildings into apartments on 60 Minutes (Video) https://lnkd.in/dDaYJui #CRE #REIT #Office to #Apartments #Multifamily

Did you know that over half the commercial real estate brokers at GLD Commercial hold the distinguished Society of Industrial and Office REALTORS (SIOR) designation? The video explains why you should consider hiring an SIOR for your commercial real estate transactions. #gldcommercial #SIOR #whyhireanSIOR