Particularly in the current operating environment, tenants are thinking more about their current leases and what they expect for themselves going forward. If your lease is due for renewal in the next few months, here are some tips for putting yourself in the best place possible. Be proactive. Make sure you have plenty of time… Continue reading Commercial Lease Renewal Tips
This Thanksgiving, we have to give a huge shout out to support our local small business community. We of course would not be here without our small business clients and partners. We recognize the importance of these ventures in improving our community and supporting us. Small businesses are vital to communities around the country. According to the U.S. Small Business Administration’s 2020 FAQ, small businesses are responsible for nearly two-thirds of… Continue reading Supporting Local Small Business
You may have previously made the decision to buy a property for your business rather than lease. Over time, though, your business needs can change. If you find yourself needing cash but don’t want to move your business, a sale-leaseback transaction might be the right solution for you. What is a Sale-Leaseback? You already own… Continue reading Is a Sale-Leaseback Transaction Right for Your Business?
Oftentimes, the space you select for your business needs some work to make it exactly the way you want. There are generally three ways that these tenant improvements can be handled: Turnkey Buildout. With a turnkey buildout, the landlord will complete all modifications to the space to meet the tenant’s requirements. Improvement Allowance. In this… Continue reading Three Approaches to Tenant Improvements
Back when our last blog post went up (yes, it has been a while!), we lived in a very different world. For Guiderock Commercial Realty, that time was a period of growth and evolution. As a company, we went through a lot of changes but also had a lot of forward momentum. And then came… Continue reading It’s Always Time for Change
As an investor in commercial real estate, you may have heard the term 1031 exchange tossed around. But what is it, and what does it mean for you? The most important thing to remember here is that a sale under Section 1031 allows for capital gains to be deferred, meaning taxes are still owed but… Continue reading The Basics of 1031 Exchanges
One of the common issues with negotiating a commercial real estate lease is balancing the perspectives of both the tenant and the landlord. Understanding net effective rent and how it relates to each party in the transaction can help build a foundation for coming to a reasonable compromise on lease terms. What Does “Net Effective… Continue reading Understanding Net Effective Rent
As your business grows, one of the most exciting (and nerve-wracking) situations is when you start to think about buying commercial real estate for your business. So how do you know whether it’s best to buy or lease? In addition to considering where your business is in terms of age, growth stage, and cash needs,… Continue reading To Buy or Not to Buy?
If your business has a triple net (NNN) lease, you will receive a reconciliation letter from your landlord usually by the end of the first quarter after the calendar year ends. The purpose of this letter is to reconcile the estimated monthly payments made during the prior year with the actual expenses incurred for common… Continue reading Are you ready for your NNN reconciliation?
Time management is as much an issue in commercial real estate transactions as it is for any other part of business. If you don’t move fast enough, you may miss the boat. Conversely, if you don’t leave enough time, you may not be able to get the right fit. Here are a few tips to… Continue reading Is Time Your Friend or Foe?