The cost of materials for commercial construction projects has been changing rapidly in recent months. REjournals recently published an article on the current materials pricing. Pricing and availability issues extend beyond lumber and steel to other products like windows and paint. Unfortunately, these higher prices will likely continue for a while yet. You may be… Continue reading Commercial Construction Costs in 2021
Are you thinking about purchasing a commercial property as an investment? Investing in commercial real estate can be a great tool for building wealth, especially if you know what questions to ask. This Investor’s Guide to Commercial Real Estate will give you an overview of the process of buying commercial investment property. Ready to learn… Continue reading Investor’s Guide to Commercial Real Estate
May 16, 2021 marks Guiderock Commercial Realty’s fifth anniversary. It’s been a tremendous journey so far, but in some ways still feels like just the beginning. We have been so fortunate to have amazing clients, without whom we couldn’t still be here. We have had incredible support from family, friends, and colleagues — support that… Continue reading Here’s to Another 5!
When you get to the end of the term of your commercial lease, imagine being at the foot of the bridge in the image above. You know you will cross and transition into another chapter of your business life, but will you go to the right or left when you get across? Particularly now, tenants… Continue reading Tips for Your Commercial Lease Renewal
Have you ever wondered how to find the right space for your business or how to even get started looking for one? Don’t worry – you’re not alone! Whether our clients are starting a new business from scratch or have been in business for years, we often hear the same concerns. We created the Tenant’s… Continue reading Tenant’s Guide to Commercial Leasing
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