» commercial real estate

How Has the Search for Office Space Changed?

admin — Wed, 20 Jan 2010 21:02:16 +0000

While the current economic climate might not make many run to the real estate market for their top career choice, for some, it can be a lucrative business. If you’ve decided to enter the real estate business consider the varying specialties that might help you to succeed. You may want to start as a commercial real estate agent, someone who specializes in selling commercial real estate. You may also consider becoming an appraiser, the person who determines the value of the home being bought or sold; a broker, who assists buyers with the actual transaction; developer, a person who improves land by adding or replacing or fixing up buildings; property management, someone who manages the property for an owner. With all these choices when becoming a real estate agent you are bound to find something that will be the perfect fit.

When deciding whether or not you’d like to do commercial or residential real estate consider these major differences. Obviously, commercial real estate agent will focus around office space or other types of commercial properties that are mostly income producing. Most homes will simply be by their owners. Commercial real estate can encompass leasing office space, owning an apartment complex or selling real property to name a few of the areas that you might be working in.
It’s also important to note that the paperwork involved is very different between the two areas of real estate. Residential deals are given much more consumer protection than commercial deals. Disclosures common to residential are not necessarily required. Commercial real estate buyers are going to need to ask about zoning laws, whether or not the area is suitable for their business, among other business decisions. As a real estate agent you’re going to need to have the skills necessary to meet different needs for the consumer.
No matter the type of real estate you decide to specialize in, each requires a different level of skill and a different level of knowledge. The type of person you are going to be dealing with in residential real estate is going to be quite different than the person you might deal with in a commercial transaction. Consider the types of customers you would most like to work with when comparing the two. Consider the types of goals you have and the types of needs you like to meet for others. It can be exciting helping the first time homebuyer discover and purchase the home of their dreams. Does this get you more passionate than helping the savvy business owner find the perfect space for leasing, a space that can help them meet their business needs. While there are two different goals, helping people meet those goals can be very rewarding.
Committing to becoming a residential real estate agent or a commercial real estate agent can be a big step. Determining that you want to go into real estate can be a difficult decision, especially when the current real estate climate is shaky. However, in the end, it can be a very rewarding career choice and a very lucrative one, depending on the type of real estate agent you become and the area in which you live. If you don’t think commercial or residential real estate is the right move then consider the other types of specialties that might be just the right fit. You have to spend a lot of time in your career so make sure that you are making a choice that is going to be in your best interest for the long term.
About the author: Jason Ausmus is a web content producer for Innuity. For more information regarding commercial real estate agent or commercial real estate go to Royal Commercial

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How Much Space Do You Need for Your Business to Function Efficiently?

admin — Wed, 25 Nov 2009 17:21:53 +0000

Product is in your store, but the presentation, organization and clutter are getting in the way of consumers finding what they need. They suffer from visual overload and shut down as a shopper. What can you, as a space-challenged retailer, do to remedy this type of situation? Read on for some tips with retail space and commercial real estate.
EVALUATE YOUR INVENTORY
A visual floor audit of your products and a ledger pad will be a good start. Walk each department and take a survey of what products are in each department that are actually current. Identify by the fact that if the customer cannot self-shop an item without staff help, then it doesn’t need to be on the showroom floor and can go to a space in the backroom or behind the counter. You can also make a list of parts and accessories that are out of season. Remember, you are trying to free up space and rid your store of clutter for items that need to sell right now.
Your floor space fills up quickly in the ATV department. If ATV is a year-round hot pick for you but if you are still working to find space for the summer riding season (which you need to stock and sell in about 120 days), my suggestion is to cut the ATV area down in size by displaying one of each item. You might load up a unit with lots of goodies and show the items that way. That will save space and be a great selling aid. If you happen to sell that one, accessorize another one. I am sure the vendors will be happy to sell you more ATV stuff. When ATV is in-season (fall in most parts of the U.S.) expand the department again to offer multiples and self-shopping of accessories.
SCRUTINIZE YOUR FIXTURES
Most of the time, space is not the only issue. It is the fixture choice which is not the most efficient for the product type. For example, every store needs staple goods like oils, lubes, chemicals and cleaners. Are they placed where they need to be, or are they housed on some fixture that cannot be relocated? Consider moving them onto one of my favorite fixtures in the industry: the “LiL Joe” by Rock Eagle. This little workhorse not only holds 1,200 lbs. of weight, but its retail footprint is only 36″ and it is round and low. You can see over this fixture, and it offers 360 degrees of self-shopping. Fill the shelves and back stock the rest. You can restock as needed. Your consumers do not have to see that you house 1,000 bottles of oil; they just need to find one.
Another space saver is to acquire small “H-Unit” fixtures for apparel and parts and accessories. This type of fixture allows four-sided shopping in a footprint that generally is about 5′ long and 3′ wide. By incorporating shelves along with your slat pegs for packaged items, you can display some of the boxed items that may look awkward on your walls. For apparel, using hangrails and straight outs, and adding topper shelves on each side, gives a home to add on sale accessories like folded casual wear, ball caps, and other small items. You can show a helmet to match the riding gear in the same color way presentation being shown. This helps package related items and offer “good product adjacency.” This is a consumer desired expectation.
LIMIT YOUR SELECTIONS
One game plan in a small retail floor plan is to exercise some restraint in your product offerings. No one has enough space to carry all vendor and label brands, in all styles. Buyers have to make choices on the number of style selections, colors and sizes they can purchase. Another consideration is, will the product be open for reoccurring orders, or is it a special or limited run? You certainly need to offer today’s savvy consumers some choices. Even the motorcycle riding community entails many personalities and body types. To better use your space, clean house on your style offerings. Decide what is core and what stays, and select the styles that you need to get rid of through creative marketing, markdowns, clearance, Internet sales, etc.
You can accomplish a clean, organized, uncluttered and professional retail image and by doing so, increase your inventory turns at the same time — even in a smaller retail environment.
About the author: Jason Ausmus is a web content producer for Innuity. For more information regarding commercial real estateor retail space, visit Royal Commercial

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Find Out Where You Need to Setup Your Retail Store

admin — Thu, 12 Nov 2009 18:25:53 +0000

You have designed a great product, you have a business license and all your ducks are in a row. Besides your online store, you need to get a retail space to store inventory as well as sell your product. Before you make that move to rent a retail space, there is a lot to know. Commercial real estate will help you find the location that will best sell your products and make you a greater profit.

Before You Open up Your Retail Space- Do Your Homework
Before you sign the dotted line on just any retail space, make sure you do your homework or better yet, hire someone to do the homework for you! Think realistically, if you over-commit, you could be in over your head before you even open the doors.

• Make a list. What size space do you think you will need to start with currently?
• How much space will you need in the future? What is your business’s projected growth?

Think About Retail Space Location
Many people say that location is everything. Before you settle on one particular location make sure you research each retail space you are thinking about. Here are a few things to look for:

• What is amount of car and foot traffic in front of each retail space?
• Find out who the previous renter was, did they do any unseen damage to the place? Why did they leave?
• Does the rent match up with other retail spaces in the area?
• Where is your closest competitor? If they are going to be a neighbor, perhaps it’s not the ideal location

Think About Your Audience- Where are They Located?
• Does your location get local area traffic or just tourists or both? Depending on your product, you may want to be in a neighborhood or near a busy tourist destination.

Depending on Your Product, Could Your Share Space?
• If you have large furniture to sell, you won’t likely want to share your space with anyone else, but if you are looking to sell your handmade scarves, you may want to look into a smaller retail space, like a kiosk or a shared space with someone else who is looking to share.

Research Restrictions Before it’s Too Late
Some retail spaces say what you can and cannot do in regards to signs, flower boxes and other décor. Be sure and find out what types of restrictions come with the retail space. Other things to consider:

• Is there ample parking? Or bus service near your business?
• Are you allowed to have a large sign above your business?
• What is the maximum occupancy?

If all this seems like way to much to think about, while you are trying to work on other aspects of your business, you can hire a commercial real estate agent who helps small businesses find what they are looking for in regards to retail space. Hiring a professional to help you find a retail space could save you money in the long run- they know where to look, what to avoid and how to talk terms. Plus, with someone who knows about commercial property, once you have decided on a place, you’ll have a connection to painters, movers and handy men once you close on a deal- and what is not to like about that?

About the author: Jason Ausmus is a web content producer for Innuity. For more information regardingretail space or commercial real estatego to Royal Commercial

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A Look Into the World of Commercial Real Estate

admin — Mon, 02 Nov 2009 19:39:08 +0000

While the current economic climate might not make many run to the real estate market for their top career choice, for some, it can be a lucrative business. If you’ve decided to enter the real estate business consider the varying specialties that might help you to succeed. You may want to start as a comemrcial real estate agent, someone who specializes in selling commercial real estate. You may also consider becoming an appraiser, the person who determines the value of the home being bought or sold; a broker, who assists buyers with the actual transaction; developer, a person who improves land by adding or replacing or fixing up buildings; property management, someone who manages the property for an owner. With all these choices when becoming a real estate agent you are bound to find something that will be the perfect fit.

When deciding whether or not you’d like to do commercial or residential real estate consider these major differences. Obviously, commercial real estate agent will focus around office space or other types of commercial properties that are mostly income producing. Most homes will simply be by their owners. Commercial real estate can encompass leasing office space, owning an apartment complex or selling real property to name a few of the areas that you might be working in.
It’s also important to note that the paperwork involved is very different between the two areas of real estate. Residential deals are given much more consumer protection than commercial deals. Disclosures common to residential are not necessarily required. Commercial real estate buyers are going to need to ask about zoning laws, whether or not the area is suitable for their business, among other business decisions. As a real estate agent you’re going to need to have the skills necessary to meet different needs for the consumer.
No matter the type of real estate you decide to specialize in, each requires a different level of skill and a different level of knowledge. The type of person you are going to be dealing with in residential real estate is going to be quite different than the person you might deal with in a commercial transaction. Consider the types of customers you would most like to work with when comparing the two. Consider the types of goals you have and the types of needs you like to meet for others. It can be exciting helping the first time homebuyer discover and purchase the home of their dreams. Does this get you more passionate than helping the savvy business owner find the perfect space for leasing, a space that can help them meet their business needs. While there are two different goals, helping people meet those goals can be very rewarding.
Committing to becoming a residential real estate agent or a commercial real estate agent can be a big step. Determining that you want to go into real estate can be a difficult decision, especially when the current real estate climate is shaky. However, in the end, it can be a very rewarding career choice and a very lucrative one, depending on the type of real estate agent you become and the area in which you live. If you don’t think commercial or residential real estate is the right move then consider the other types of specialties that might be just the right fit. You have to spend a lot of time in your career so make sure that you are making a choice that is going to be in your best interest for the long term.
About the author: Jason Ausmus is a web content producer for Innuity. For more information regardingcomemrcial real estate agent or comemrcial real estate go to Royal Commercial

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Relieving the Stress of Commercial Real Estate

admin — Tue, 26 May 2009 16:30:18 +0000

It is essential to your business to find the right commercial real estate for the location of your business, so your product can be presented to the prime of your target audience. Commercial as well as corporate real estate are slowly expanding as the economy bounces back from its recent down turn. Depending on your business, more space may be needed as demand becomes more prolific as the economy stabilizes.
We’ve all felt the hole in our wallets as the bottom of our economy fell out. As that hole begins to close, the physical presentation of your business is crucial for potential consumers and investors. Finding commercial real estate can be a determining factor as our business location is the cover to the book that we have put the success of our lives in. Would you read a book where the graphic to catch your eye is cast in the distance of the surrounding world? The busyness that takes up more of our lives to need leave much time to admire symbolism, and our images must be brought forward or they may be overlooked.
The most important part of moving your business is handling the stress. If we let the stress overwhelm us, it can hurt you emotionally, and hurt your business financially. There are companies that recognize this importance, and are there to help you. The survival of your business depends on you being able to handle the ups and downs of the economy. When there is an opportunity for relief, you cannot pass it off. A common stress is finding a location that is not only in the eye of the consumer, but also matches your budget. There are companies built around the sole purpose of helping you manage these problems while you stay in touch with your customers.
Moving your business is more stressful than one might think. You are trying to manage your business the same time that it’s moving. If your full attention is not on the client at hand, important documents may become lost in the move. There are companies that can take some of this burden so you can keep your attention on the customer and not only move the company, but keep a stream your stream of revenue flowing and never skip a beat. Managing the expense of a move is also a burden that can be lightened with the right people managing the expenses. The cost of a move can hurt your business if the expenses, as well as time, are not managed properly.
All of these stresses can be easily managed with a company that is qualified to manage them. Corporate real estate and commercial real estate do not need to be added stresses to the already stressful movement of your business. It is important for the well being of yourself and the family that you care for that you take the necessary steps to ensure that we can balance the pressures so we’re not overloaded.

About the author: Jason Ausmus is a web content specialist for Innuity For more information regarding, commercial real estate and corporate real estate go to Royal Commercial.

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Breaking into the Real Estate Market – Commercial or Residential?

admin — Mon, 20 Apr 2009 15:55:21 +0000

It’s also important to note that the paperwork involved is very different between the two areas of real estate. Residential deals are given much more consumer protection than commercial deals. Disclosures common to residential are not necessarily required. Commercial real estate buyers are going to need to ask about zoning laws, whether or not the area is suitable for their business, among other business decisions. As a real estate agent you’re going to need to have the skills necessary to meet different needs for the consumer.

No matter the type of real estate you decide to specialize in, each requires a different level of skill and a different level of knowledge. The type of person you are going to be dealing with in residential real estate is going to be quite different than the person you might deal with in a commercial transaction. Consider the types of customers you would most like to work with when comparing the two. Consider the types of goals you have and the types of needs you like to meet for others. It can be exciting helping the first time homebuyer discover and purchase the home of their dreams. Does this get you more passionate than helping the savvy business owner find the perfect space for leasing, a space that can help them meet their business needs. While there are two different goals, helping people meet those goals can be very rewarding.

Committing to becoming a residential real estate agent or a commercial real estate agent can be a big step. Determining that you want to go into real estate can be a difficult decision, especially when the current real estate climate is shaky. However, in the end, it can be a very rewarding career choice and a very lucrative one, depending on the type of real estate agent you become and the area in which you live. If you don’t think commercial or residential real estate is the right move then consider the other types of specialties that might be just the right fit. You have to spend a lot of time in your career so make sure that you are making a choice that is going to be in your best interest for the long term.

About the Author: Rebecca Beckett is a freelance writer for Innuity. If you would like more information about commercial real estate agent or commercial real estate go to Royal Commercial

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Commercial Movers Still Busy in This Down Turn

admin — Mon, 16 Mar 2009 18:24:38 +0000

They say there are a few things that are recession proof, and one of them that does not usually come to mind are moving companies. In good times and bad, people are either moving in or out of houses, offices and storage units. Today, companies are not extending leases; they are downsizing or moving out into a storage unit while they re-organize and they use commercial movers to help.

Vacant commercial real estate is way up. As companies downsize or go under, movers are being called on to clear out unused space, tear down cubicles and move office desks into storage. When companies want to show the most support they can during this hard time, many offices ask their white collar employees to be the paid movers instead of hiring a moving company. Businesses that are about to go under can save money by using the employees they currently have instead of hiring a moving company. But that is usually the exception. Just last year, sources say that the nationwide, office space vacancy rose to 14.5 percent, with the prediction for it to rise to approximately 17 percent. That is a lot of offices that will need moving assistance.

Commercial Movers Moving More Than Cubicles From Office Spaces

Movers are often contracted by corporations to help move employees back sometimes across the country or state, if they were hired or transferred to work for another part of the company located in another state. This type of moving is called “repatriation moves,” and this one area of the commercial moving industry that is rapidly increasing. This kind of moving, sometimes to other countries, is very expensive and can be very lucrative for moving companies.

Even though the recession has commercial movers busy, there is a slight decline in other niche moving companies. These specialty movers for example are experiencing a decrease in business:

Fine art moving
Furniture sales moving
Single family home moving

Companies in the future will be more careful about the wording in their contracts for new hires and likely limit the amount of funds for relocation, temporary housing and the length of time movers are expected to get a job completed. Commercial movers looking to get an edge over the competition will want to advertise their efficiency to get the job done fast, meaning cheaper, in order to get contracts.

It’s often the case people who still need movers, (not the commercial type) will look to more economical ways to move. Due to the economy, people are renting trucks and doing the hard labor themselves. If you are a company needing cheap labor, it’s likely that people are advertising for small jobs like moving or hauling and on the upside, if you need a job you might want to look into the commercial moving industry.

About the author: Melissa Peterman is a web content specialist for Innuity. For more information regarding commercial real estate or office space Go to Royal Commercial!.

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