Commercial Construction Costs in 2021

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

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Here’s to Another 5!

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!

Supporting Local Small Business

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

Is a Sale-Leaseback Transaction Right for Your 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?

Three Approaches to Tenant Improvements

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

Understanding Net Effective Rent

money puzzle

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