Investing in commercial real estate deals offers some significant benefits over the residential type but it is not quite as simple. Here are some basics to help you make smarter investments in your commercial real estate dealings:
For more info on the South Florida commercial real estate market in general, or if you need some help finding the perfect office space in particular,B please contact the real estate pros at Morris Southeast. You can find us online at morrissoutheastgroup.dsherpa.com or reach us by phone at 866-930-1426.
Commercial office space can be classified into a number of different classes depending on their use. It is important to understand the differences and what they mean to you as a renter. Here is a quick rundown of the various building classes:
There are many challenges that face a company looking to move into new offices and a good realtor can save them time and aggravation as well as money. For more info on building classes or if you need some help finding the perfect office space,B please contact us at Morris Southeast. You can find us online at morrissoutheastgroup.dsherpa.com or reach us by phone at 866-930-1426.
For the first time in over two years, the commercial real estate market has seen a significant uptick in prices. In fact, the most recent results show a quarterly increase of almost 6 percent, which is better than any other quarter since June of 2011.
The results are compiled and reported by the Costar Group in the CoStar Commercial Repeat-Sale Indices (CCRSI). These metrics areB widely considered the most exhaustive and complete statistics on the commercial real estate market in the United States. This quarterb s results included numbers from almost 1200 commercial real estate transactions.
Of particular note are the results in the South Composite Index that includes the Tampa, Orlando and South Florida markets. Though lagging somewhat in investor interest, these markets still produced pricing gains of over 14 percent. It will be interesting to see the results when investors finally realize that the South Florida commercial real estate market is truly heating up.
For more on South Florida commercial real estate, or if you need some help finding the perfect office space,B please contact us at Morris Southeast. You can find us online at morrissoutheastgroup.dsherpa.com or reach us by phone at 866-930-1426.
Everyone from architects to team managers and human resource professionals has an interest in office design. The office design is an integral part of office culture. Though many praise the trendy open offices as a solution to common work problems, in actuality, the open office trend is plagued with problems.
Open office plans became popular under the assumption that placing people in close proximity without doors and walls in between them would lead to collaboration. This is not always the case.B Unfortunately, open office space does not recognize multiple work styles and situations, a time to collaborate, and a time when one must focus and work alone. Successful office spaces have solutions for various work situations.
Another problem is that an open floor plan enhances noise as acoustic levels are magnified throughout the room. You should focus on developing spaces for individuals who need to collaborate and others for those who prefer to work alone. If someone has to go to another floor or across the building to find privacy, it’s likely they won’t and the productivity and work qualityB may suffer.
If you are looking for office space fitted with collaborative and traditional work solutions contact Morris Southeast in Miami.
While South Florida was hit particularly hard by the b Great Recession,b B it is firmly on the rebound. In fact, the evidence for a recovering real estate market in South Florida is becoming ever clearer.
In particular, it is no longer completely a renterb s market. While the last few years had seen some remarkable deals on office leases, pent-up demand is finally moving rates in a more landlord-friendly way.
Still, there are significant deals to be had on office space. In particular,B leases can be negotiated that include free rent, build-out costs and other concessions for the renter and the right rent, escalations and rental term for the landlord.
Though rental rates are rising somewhat, they are nowhere near their peak. In addition to older spaces coming back on the market, there are also several new, upscale projects coming online that are helping to moderate the per square foot increases.
For more information on the South Florida commercial real estate market, or if you are looking for new office space,B please contact us online at MorrisSEGroup.com. You can also call 866-930-1426 to speak with us directly.
The move into new offices can be a daunting, time-consuming and aggravating task if you do not take time to properly plan. Here are five things to consider before actually building out your new office space:
For more information about planning a new office space, or if you are ready move into new offices,B please contact us at the Morris Southeast Group. We can beB found online at MorrisSEGroup.com, or call usB directlyB at 866-930-1426.