In the midst of an improving South Florida business climate the reality remains that landlords continue to offer concessions when negotiating real estate transactions. The state of the local business economy indicates that tenants wield more power and often fare better in negotiations. New or expanded leases for 2013 only include 88,000 square feet in an area that boasts 29.6 million square feet of commercial office space.
This doesn’t mean, however, that there isn’t good news for building owners. A slight uptick in average lease rates, from $17.90 per square foot to $18.18, is the largest gain since the beginning of the recession. When negotiating new lease agreements it is important for both tenants and building owners to understand how market conditions will likely change over the life of the lease. Spend some time researching economic projections before signing the lease to ensure beneficial terms throughout the duration of the lease.
Contact the professionals with Morris Southeast Group to learn more about the South Florida commercial real estate market. If you’re in need of new office space we can help you found the ideal location for your business.
The advent of the digital age has given rise to a boom in telecommuting. More professionals are working remotely and using their computers and mobile devices to stay in touch with coworkers and supervisors. Even though telecommuting is increasing, there is still a definite need for efficient and productive office spaces.
The office is great for:
If you are in search of office space for your business contact the professionals at Morris Southeast to learn more about the South Florida commercial real estate market and properties that are currently available.
The past year has been tremendous for the South Florida business economy. During this time there has been an increase of 7,230 local businesses, far outpacing the commercial growth experienced across the country. This surge in the South Florida business economy is helping to erase the losses experienced during the Great Recession of the last decade.
This growth has a positive impact on the commercial real estate market. Demand is up and the market has stabilized during the growth of local businesses. This is an excellent opportunity to invest in commercial real estate, and South Florida boasts a variety of properties to fit every business’s needs. The professionals at Morris Group Southeast have a wealth of experience helping clients find the perfect spaces for their growing businesses. We understand the changes theB South Florida commercial real estate market has undergone and the growth it is currently experiencing.
Contact one of our real estate professionals to begin the search for your new business property.
One of your primary goals for your business is certainly maintaining a high level of productivity. Even with the most efficient and hardworking employees your productivity may be suffering simply because of your office’s design. Take a look at your office space and search for elements that may be hampering your business’ productivity, such as:
Work is work, but it doesn’t have to be boring and tedious. Current workspace trends find employers searching for ways to make the office more productive, creative, and fun. There are some simple changes that can make a huge difference, including:
Forbes Magazine, a preeminent business publication, recently featured a list of unique offices that are sure to inspire your workspace. Offices are no longer just about function! You should approach your business’ office space as a place to reflect current style trends, the business’ mission, and your employee’s hard work and creativity.
All of the featured offices are amazing but our favorites include:
If you’re ready to move into new offices,B contact the professionals with the Morris Southeast Group for help finding the perfect space.