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"I planned to accept the commercial space as-is to expedite our move. I thought negotiating tenant improvement allowances (“TIAs”) would be too complex and might delay our lease signing." 1.) Customization: TIAs provide a budget that can be used to customize or upgrade the leased space, making it more suitable for your business operations. This can include anything from simple cosmetic changes to more extensive buildouts. 2.) Cost Savings: By securing a TIA, you can offset the often-substantial expense of fitting out a new space, preserving your capital for other critical business needs. 3.) Increased Property Value: For landlords, agreeing to TIAs can increase the value of their property by ensuring the space is fully leased and by enhancing the interior improvements, which can make the property more attractive to future tenants. 4.) Attractiveness to Tenants: Landlords who offer TIAs can attract a broader range of tenants. For businesses, the allowance can make a lease more appealing, as it reduces initial out-of-pocket expenses. 5.) Lease Term Flexibility: The negotiation of TIAs can sometimes lead to more favorable lease terms. Landlords might be willing to offer more substantial allowances for longer lease terms, benefiting both parties.

Moorebank Intermodal Precinct welcomes Signify as LOGOS new tenant - Colliers Colliers successfully pre-leased 14,569 sqm warehouse available Q4 2024 to the world’s leading lighting company, Signify leased by Colliers Industrial and Logistics national Director Adrian Balderston. Adrian Balderston Colliers Industrial and Logistics National Director, comments: “Colliers are proud to see this new relationship between LOGOS and Signify coming to fruition. While LOGOS secures another like-minded entity helping shape Australia’s sustainable future, Signify establishes its new home with the 14,569 sqm warehouse at Moorebank Intermodal Precinct to expand its network in Australia,” “Sydney Face rental growth over Q1 2024 across both prime and secondary assets is now more aligned to historical quarterly averages at 1.5% and 1.0% respectively, than the massive increases seen in 2022 and 2023,” Mr Balderston adds. Taylor Bass Jessica Evans Gavin Bishop Nick Evans Martijn Douven Andrew Smyth David Gardner Rohan Liyanage Sean Singh Mark Linfoot Stephen Hawkins Eden Taylorwood-Roe David Timso Troy Bryant Justin Sherlock Darren Searle Michael Hooley Peter Dale David Brisk Matthew Meynell James Cowan Sean Thomson Paul McGlynn #colliers #LOGOS #signify #warehouse #industrialleasing #industrialrealestate #sustainability #logisticsrealestate #industrialnews #industrialdevelopment

MAG submits planning application for East Midlands logistics park MAG (Airports Group), owners of East Midlands Airport (EMA), has submitted a planning application detailing proposals for a logistics and manufacturing park on land south of the A453, adjacent to the airport. The proposed park, designated as a tax site within the East Midlands Freeport, aims to attract investment and employment opportunities to the region. EMA's managing director, Steve Griffiths, describes the location as a prime site for a development of this kind. “We are confident that if approved, we will have little difficulty in attracting businesses, bringing much-needed jobs to the region during its construction and operation”. If approved, the development could generate over 2,000 new jobs once fully operational and employ nearly 200 people during its two-year construction phase. Strategically located within the UK's logistics 'Golden Triangle', near the M1 and other major road networks, EMA's cargo facilities, and the East Midlands Gateway rail freight hub, the site would offer great connectivity. The outline plans include several units up to 25m tall, providing up to 135,000 square metres of floorspace for industrial, storage, distribution, and office purposes. The largest units would be situated closest to the A453, with smaller units towards the southern end, addressing North West Leicestershire District Council's identified need for 2.5m square metres of additional warehousing by 2041... Find out more 👉 https://buff.ly/3XNe8kG #airtravel #airports #aviation

Take-up of UK logistics space hit 11.1m sq ft in Q3 – up 12% on Q2 take-up, but around 25% lower than a year ago, according to the latest figures from Gerald Eve. The availability rate increased to 5.9% in Q3 – up from 5.4% in Q2 – due to additional speculatively built stock rather than an increase in unwanted secondhand space. Sub-lets accounted for 14% of all Q3 availability.

Seaboard Marine Renews Industrial Lease in Medley, Florida 🚢🏗️ ㅤㅤㅤ Seaboard Marine has renewed its lease for its industrial base in Medley, Fla., solidifying its commitment to the area. The location’s proximity to key transportation hubs makes it a strategic choice for the company’s operations. 🌐🚚 ㅤㅤㅤ This deal marks one of South Florida’s largest industrial lease agreements in 2024, signaling the region’s growing commercial real estate sector. The transaction ensures positive absorption of leasable space for Miami-Dade’s industrial market, setting a positive trend for future investments. 💼💰 ㅤㅤㅤ As the real estate market in Florida continues to thrive, opportunities for industrial and commercial space leasing are on the rise. Stay tuned to our updates for the latest news and trends in the Florida real estate market. 🌴🏢 ㅤㅤㅤ Stay tuned for more exciting updates on the Florida real estate market! Don’t miss out on the latest trends and opportunities. #Florida #RealEstateMarket #CommercialLeasing ㅤㅤㅤ —————– ➡️For more information: https://lnkd.in/dsebChP5. ➡️This content has been created and posted by a fine-tuned ChatGPT model.

Boeing is expanding its presence in the Frederickson area by submitting tenant improvement building permit applications for approximately 845,000 square feet of space in the Frederickson ONE industrial complex. This move comes after Boeing divested a significant portion of property in the same area in 2021. The company's new location within the 3 million-square-foot Frederickson ONE development will be a short walk from its existing facility. The applications filed with Pierce County are for modifications to buildings 4 and 7, totaling 845,000 square feet. The development is owned by Logistics Property Co., and it appears that Boeing's expansion is filling up the complex, which already includes tenants like Amazon, Holman Logistics, Ikea, and Ace Hardware. This marks Boeing's second recent lease in the Puget Sound region, showing continued growth in the area. #smartcap #redmond #kirkland #bellevue #boeing #frederickson #tenantimprovement #industrial #development #commercialrealestate

Resetting the marketplace for Class AA rents. Rising tide is lifting all boats. Going to be some sticker shocks for industrial tenants deferring renewals. For the record, Snowball Developments is very long on Hartford industrial warehousing and flex properties. #creinvesting #industrialrealestate

Are you considering purchasing or renting your commercial premises? Making an informed decision is crucial this article explores the key considerations to help you make the right choice. Click the link to learn more » https://lnkd.in/g8rAuMkA #marketvalue #commercialbuilding #commercialproperty #constructioncompany #Investmentopportunities

In the market for a shipping container? If you’re not sure what you’re looking for, it can be stressful! Shipping containers can be a major investment, so it’s important to consider your specific needs in the decision-making process.  Here at Moon Trailer Leasing, we talk customers through the logistics of buying and renting containers every day. We have decades of experience helping businesses and individuals make informed choices for their needs.  That’s why we’ve compiled some of the most important questions you should consider when buying or renting a container. By the time you read through these, you should have a much clearer idea of what you’re looking for! Let’s dive right in. Check out our blog to learn more! https://lnkd.in/ePX7VBeY

3 firms eligible to bid on state land for high-tech hub next to chip plant There’s a bidding war for 2,300 acres of state land around the Taiwan Manufacturing Semiconductor facility in North Phoenix, The Real Deal reports. The Arizona State Land Department approved New York-based Mack Real Estate Group, Tempe-based W Holdings and Phoenix-based ViaWest Group. There will be a minimum bid of $56.28 million. The winner will build a high-tech hub on the u-shaped parcel. The winning bidder will be required to invest heavily in the hub's infrastructure; the estimated cost is $1.7 billion. The City of Phoenix has zoned the site for industrial, office, retail space, hotel rooms and apartments. Read more: reptn.co/QA5BPAd8Aju   #ThomasTitleandEscrow #CommercialRealEstate #TitleTrove #PhoenixMetro #StateLand #LandDevelopment