J.P. Weigand & Sons, Inc. - Commercial’s Post

Demand is outstripping supply in a complex market that's coming back with a vengeance. Max LaVictoire, Principal and Head of GP Advisory Services contributed to this article in Commercial Property Executive. Read here: https://lnkd.in/e6yBVmdA #realestate #retailspace #office

Explore this week's #TrendingTuesday listings! Whether you need an industrial space or a retail storefront, our experienced, client-focused agents are ready to help you find the perfect fit for your business. To browse these and other available listings, visit WeigandCommercial.com. #WichitaKS #kansasrealestate #businessopportunity #commercialrealestate

Wondering about the difference between commercial and retail spaces? Commercial properties are for business operations like offices and warehouses, while retail spaces are for selling goods directly to consumers. Let us help you choose the right space for your business. #commercial #retail #business #capitalregionny

I've had many retail or office owners ask about converting their properties. Here's a quick way to see if it's worth it: Check Zoning: Make sure the zoning allows for the conversion. If not, it's a tough process. Compare Rates: Look up rates for 10x10 climate-controlled units at nearby self-storage facilities. Average the discounted web rate and in-store rate for the Market Rent. Use this formula: Market Rent per SF×Gross SF×80% (for net rentable SF)×90% (occupancy)×65% (income after expenses)×12 months=Best Case NOI For example, with $1.30 per SF rent and 100,000 GSF: 1.30 x 100,000 x 80% x 90% x 65% x 12 = $730,000 NOI (as NNN) Compare Alternatives: If the retail space can get $1 per SF NNN (or $1.2M NOI), is it worth spending millions to convert to storage for $0.60 per SF?

May OFFICE Trends for Metro Louisville - Office Sales and Leasing reported on KCREA remained relatively stable relative to April. Likewise inventories of properties listed for Sale and Lease varied slightly but were within a couple percentage points of April levels. Current inventory turnover levels are at 15.4 months for properties listed for Sale and 33.6 months for properties listed for lease. Compared to May of 2023 though, is a different story. Both Sales and Leasing of Office is down significantly as are inventories. #CommercialRealEstate #RealEstate #CommercialRealEstateTrends #OfficeProperty #LouisvilleKY #CommercialBroker #OtimoProperties

As expected, we saw muted investment sales activity and rising cap rates during Q2’24. Download our MarketSnapshot reports for all the latest metrics and a second half outlook on the commercial real estate market.

What should a GM or Property Manager do to attract prominent tenants to lease in our building? Well, to get top tenants interested in leasing a space at our shopping center, there are a few things we can try. First, we need to fully understand who our target tenants are. Then, we should create an appealing proposal backed by market data that shows why our location is strategic. Also, don't forget to highlight the building’s strengths, like modern facilities and Instagramable design. Next, invite the tenants for an onsite visit so they can feel the vibe of the place. We could even host a small event or gathering where they can network with other tenants, or maybe offer some incentives. Most importantly, build good relationships follow up after meetings and be ready to assist with anything they need. In the end, the key is to be a cool partner who helps them succeed in our location. Good Luck , and Have a Great Day #GM #Propertymanagement #buildingmanagement

I tell people all the time: The art of negotiating a retail lease means you could (and typically, should) spend just as much time talking about the build-out that happens prior to lease commencement, as the lease itself. Case in point: According to a national survey of contractors, the average build-out on an 1800 SF space was found to be $147/SF. (That's not new construction, that's build-out within the existing box.) This is in line with what I've seen and for many use categories (restaurant and medical in particular), the costs are much higher. A 10-year lease at $15/SF rent equates to $150/SF in value. So, easy to see how the cost of construction could be just as much as the value of the lease! Tenants and landlords both need trusted advisors - not just brokers but qualified architects, contractors, attorneys, etc. - to advise them properly through the construction aspects of a deal. #cre #retailrealestate #retailleasing

Did you know? The commercial real estate market has been growing steadily, with industrial and office spaces leading the charge! According to recent data, the demand for office space in growing cities like Prescott is increasing as businesses expand their operations. Here's why: •Higher return on investment (ROI) compared to residential real estate •Businesses sign longer leases, providing greater stability •The rise of e-commerce has increased demand for warehouse and industrial spaces Interested in the numbers behind the success? Prescott Commercial Real Estate specializes in finding the right investment properties for your needs. Browse our featured listings and let us help you make a smart investment decision: https://lnkd.in/gEmwvhU4 🌟 #InvestInCRE #PrescottCommercialRealEstate #ROI #DidYouKnow #CommercialRealEstate

🏬 Let's talk about one of the foundational elements of commercial leases: PERMITTED USE! 🛍️ Permitted use clauses outline how tenants can use the leased space. Whether it's retail, office, or industrial, defining permitted use is crucial for ensuring harmony among tenants and complying with zoning regulations. For tenants, understanding permitted use restrictions is essential to avoid breaching the lease agreement. Meanwhile, landlords must carefully draft these clauses to protect the property's value and prevent activities that could disrupt other tenants or violate laws. So, whether you're dreaming of opening a cozy café ☕ or launching a trendy boutique 🛍️, make sure your lease's permitted use aligns with your business vision. Reach out to us today to help you navigate your permitted use and variety of other items for your commercial real estate. #oakstreetcre #CommercialLeasing101 #TenantTips #LandlordAdvice #BusinessGoals #CREInsights 📝🏬