Recently, we covered some 'red flags' you should look for at a property viewing. In this post we wanted to detail some green flags you should look for as well. When it comes to investing in or leasing commercial real estate, finding the right property can feel like a daunting task. Beyond typical concerns, there are several subtle yet crucial indicators that can signal whether the space is a good fit. 1. Well-Maintained Infrastructure - HVAC systems, plumbing and electrical setups are operation and well-maintained. - Modern fixtures and facilities, including energy-efficient lighting and updated elevators, indicate that the property has been regularly upgraded, which can save you money on repairs and energy costs. 2. Strong Property Management - A proactive and responsive property management team is essential for addressing issues promptly, while maintaining property standards. - Lease agreements that are both reasonable and transparent. 3. Good Location and Accessibility - Signs of ongoing or planned developments in the area are a green flag! Neighborhoods on the rise likely result in appreciation in value, and benefits to your business and investment over time. - Proximity to local transportation, major roads, and essential services add convenience for clients and employees. 4. Compliance with Building Codes and Regulations - Ensuring the property adheres to current zoning and safety codes. - Certifications that indicate that properties have been built or maintained with sustainability in mind (i.e. LEED) 5. Energy Efficiency and Sustainability Features. - Energy-efficient features (windows, insulations, HVAC systems) reduce operational costs and improve comfort. - Properties with certifications for sustainability are often better maintained qualifying for tax incentives or rebates. 6. Positive Tenant and Occupancy History - Properties with a history of low vacancy rates indicate high demand which may suggest a stable investment! - Positive tenant experiences often correlate with good property management and overall quality. These are some green flags we dove into this week. Stay tuned for more of Topside's red and green flags in CRE. #TopsideRealEstate #RealEstate #CRE #CommercialRealEstate #NewportBeach #OrangeCounty #CostaMesa #Irvine #CommercialRealEstateInvesting #Investing #Investment #Finance #Financial #Business
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The small matter of a gutter and drain clearance! But when it's in the busiest city centre, in between retail premises, and with restricted and limited access, at peak Christmas shopping times, you have to be careful who you trust to get it right! See the full video here... https://shorturl.at/dDJL1 #propertymaintenance #propertymanagement #realestate #propertymanager #propertyinvestment #smallbusiness #maintenance #residential #landscapedesign #commercial #propertydevelopment #guttercleaning #propertymanagers #propertyinvesting #propertyinvestor #construction
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🌱 Key Insights from the Marcus & Millichap NorCal Multifamily Forum 🌱 Welcome to the "I Went so You Didn't Have To" series! (Though, I recommend attending next year, as it was an excellent conference.) My top takeaways: 🌱 Prefab Construction & Responsible Sourcing, Please: Prefab transforms construction, minimizing impact on surrounding neighbors and enhancing efficiency. Employing sustainable materials, like plywood from fire-prevention efforts, benefits both the environment and resource management. 🌱Sustainability Beyond Materials: It's not solely about eco-friendly building products. We must assess whether rental prices are sustainable and match market demand. Let the market dictate prices, vote no on Prop 33. 🌱 Stop Asking about Office to Residential Conversion: It doesn’t pencil anywhere in California. Aside from the high costs to retrofit, the buildings don’t support enough light to create a healthy living environment. 🌱 Remember, We're in a Customer Service Industry (Credit to Andrew Silverman): Post-COVID, you might also be venturing into social services, working with individual renters as they navirage rising costs, job loss and more. Property managers are re-training tenants on how to pay rent on time and appropriate use of amenities. Take care of your on-site teams, you need them. 🌱 The Ultimate Amenity: The best amenity you can offer is a price point that attracts renters. (Credit: Brooks Baskin) #MultifamilyForum #RealEstateDevelopment #SustainableLiving #PrefabConstruction #AffordableHousing Marcus & Millichap - Bay Area
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Our analytics for the start of 2024 show a very healthy supply of buildings between 100,000 square feet and 200,000 square feet in Greater Los Angeles. Larger buildings are slightly harder to find because large parcels are rarer in an already developed city. Small spaces are relatively scarce, especially those with power, since there has been very little new construction in that size category for several years. Since rents are greatly influenced by property taxes, we include them when we plot rents. By far the better bargains are with long-term owners, who because of Proposition 13, have significantly lower assessments. Conversely, if you need a new, modern warehouse for high capacity uses, you still need to pay up.
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Just successfully completed another transaction for a new PAD Site in Downtown Perry, GA. When buying land for commercial use deciding on the type of site can be crucial for your success. PAD Sites are much different than raw land. 1. PAD Site: A PAD site refers to a parcel of land within a larger development or shopping center that is typically prepared for immediate development or use. These sites are "pad-ready," meaning they have essential infrastructure in place such as utilities, parking, and road access. PAD sites are often highly visible and easily accessible, making them attractive for retail businesses like restaurants, banks, or small retail stores. They are ready for a specific tenant to build upon and often come with certain design and architectural guidelines to maintain cohesion within the overall development. 2. Raw Land: Raw land, on the other hand, is undeveloped land with no improvements or infrastructure. It is essentially a blank canvas, which means there is no existing groundwork for utilities, roads, or buildings. Purchasers of raw land typically have to go through a more extensive process of zoning, planning, and development, which can include everything from installing sewer systems to obtaining various permits and approvals. This type of land offers more flexibility but requires a significant investment of time and resources to develop. The choice between a PAD site and raw land depends on the investor's needs, budget, and timeline for development. PAD sites offer convenience and immediacy, while raw land offers flexibility at the cost of higher initial development efforts and longer timelines. 🏢THE SUMMIT GROUP 👨💼DerekFoster 📞(478)750-7507 📱(478)997-1024 📧 dfoster@tsgmacon.com 🌐 thesummitgroupmacon.com #padsites #rawland #commercialdevelopment #derekfostercommercialrealestatebroker #thesummitgroup #sold
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Here's what businesses you could expect to see in the 333 Water building.
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Our latest insight draws upon Lichfields’ practical experience of helping to deliver viable repurposing schemes in the real world. In doing so, it shares the lessons we have learnt and identifies a series of guiding principles to assist others in successfully promoting the repurposing of built assets. Howells, Cardiff is one of the examples covered.
'Out with the old, in with the new': Laurence Holmes and Jonathan Wallace present a new insight on the guiding principles for successfully repurposing town centre buildings. As retail demand declines, repurposing offers a cost-effective and sustainable solution, preserving heritage while meeting evolving needs. However, it's a nuanced process, often requiring extensions or linked developments for viability, alongside navigating complex building regulations. Read the full insight: https://lnkd.in/e8-hS7AT
Guiding principles for successfully repurposing town centre buildings
lichfields.uk
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How do we make best use of our town centre buildings in the face of a declining retail sector? Our newly published Insight looks at the opportunities presented by repurposing - well worth a read!
'Out with the old, in with the new': Laurence Holmes and Jonathan Wallace present a new insight on the guiding principles for successfully repurposing town centre buildings. As retail demand declines, repurposing offers a cost-effective and sustainable solution, preserving heritage while meeting evolving needs. However, it's a nuanced process, often requiring extensions or linked developments for viability, alongside navigating complex building regulations. Read the full insight: https://lnkd.in/e8-hS7AT
Guiding principles for successfully repurposing town centre buildings
lichfields.uk
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Investor Consultant, Property Manager & Business Development Manager for SOCO Realty. Perth Real Estate.
Did You Know? Well-Presented Properties Attract Quality Tenants. To ensure your property stands out and appeals to quality tenants, focus on thorough cleanliness by deep cleaning carpets, windows, and common areas. Additionally, the lawn and garden should be maintained to create a positive first impression with a well-kept exterior. Finally, address all maintenance issues, such as fixing leaks and ensuring appliances are in working order, before showing the property. These steps will help attract responsible and reliable tenants. #PropertyManagement #QualityTenants #ProfessionalRentals #PerthPropertyInvestment #RealEstatePerth #PropertyManagementPerth #InvestInPerth #InvestmentHomes #RentingInPerth #PropertyPortfolio #InvestmentOpportunityPerth #RealEstateMarket #InvestmentPropertiesWA #PerthLandlords #PerthPropertyProfits #WealthBuildingPerth #InvestSmartPerth #PerthPropertyWealth #PassiveIncomePerth #PerthInvestor
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Storage containers often leaves behind a mess that can detract from the appearance and functionality of commercial properties, especially after construction and remodeling projects. At Shopping Center Maintenance (SCM), we take a proactive approach to clean up and ensure properties entrusted to our care remain pristine. #propertymanagement #propertymaintenance
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Ever found yourself lost in a conversation about Cat A fitouts, Grade A properties or M&E systems? 🤔 Fear not, as James Davies is here to demystify some common commercial property jargon! Click the link below to read his blog in full: 'Decoding the Jargon: Simplifying Commercial Property Terms' ⬇.
Decoding the Jargon: Simplifying Commercial Property Terms | OBI
obiproperty.co.uk
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