The market for commercial real estate is cutthroat and aggressive. It takes more than just hanging a shingle to make a name for yourself as a broker or agent and draw in quality leads. Your online presence is essential for developing connections, showcasing your knowledge, and eventually completing sales in the modern digital world. Never fear, daring negotiators! With the help of social media and digital marketing, you can navigate the digital jungle and generate quality leads by using the strategies and resources provided in this blog post. 1. Recognize Your Target and Niche: Commercial r ..read more

Accounting is often seen as a profession focused on the past, meticulously recording and reporting financial activities that have already occurred. While finance predicts the future and operations manage the present, accountants diligently keep the financial records. Generally, this role suits them well, serving as the recordkeepers of financial transactions. However, challenges arise when documents like invoices or contracts are delayed, arriving after the financial period has closed, leaving accountants to grapple with how to accurately report past transactions. Imagine the convenience of ..read more

 Create Property Overviews and Descriptions in SECONDS using TheAnalyst PRO‘s ChatGPT! In March of 2023, TheAnalyst PRO integrated ChatGPT functionality and vastly improved your ability to generate an array of marketing materials!  Over a year later, and we have upgraded to the latest ChatGPT 4 language model, allowing you to generate up-to-date property descriptions and overviews in mere seconds! With an incredibly simple single-step process, you can generate perfectly written property overviews, descriptions, or even informative content.  Answer questions like: Why should I ..read more

In commercial real estate, Rentable Square Footage (RSF) plays a crucial role in determining the amount of space available for lease within a building or property. Let’s break down what RSF means and how it impacts cost of occupancy for office tenants: Usable Square Feet (USF): USF represents the actual space occupied by a specific tenant. It includes offices, conference rooms, and other areas directly used for business operations. Excluded from USF are common areas shared by all tenants, such as lobbies, restrooms, stairwells, and storage rooms. Rentable Square Feet (RSF): RSF ..read more

There is a quote by American businessman and former FBI hostage negotiator, Christopher Voss, which perfectly sums up negotiation. He says, “Successful negotiation is not about getting to ‘yes’; it’s about mastering ‘no’ and understanding what the path to an agreement is.” When entering into an agreement in commercial real estate it’s imperative to do your homework before taking the lease agreement to your attorney for review.  There are many factors at play that can impact lease negotiations, and they can vary based on the market sector and location. Being specific about non-negotiables ..read more

Renting space in a commercial building isn’t as simple as it seems. It’s more than signing an agreement and moving in. It requires attention to details within the lease, like negotiating property tax payments, utilities, maintenance, and more. This all depends on the type of commercial lease agreement that the lessor and lessee are entering. In addition, the new lease accounting standards have made a significant impact on lessees by changing the accounting treatment of operating leases. This article breaks down everything you need to know about commercial lease agreements, lease management, a ..read more

From SIOR.com – “For more than 80 years, the Society of Industrial and Office Realtors® (SIOR) has been the leading global professional office and industrial real estate association, and continues to move the industry and our members’ business forward as we drive the future of Commercial Real Estate. With 3,900 members in over 50 countries, SIOR represents today’s most knowledgeable, experienced, ethical, and successful commercial real estate brokerage specialists.”    I’ve been a proud member of this organization since 2018. The semi-annual conferences are epic, the destinat ..read more

The business world loves to talk about digital transitions. For most companies, this transition is rather easy. Technology exists to put almost any business process online. Even old, paper files can be quickly converted to a digital format with the help of a document scanning service. But for the real estate and construction industry making a digital transformation is not as easy as switching over to a new app. Buildings exist in the real world, to put one through a digital transformation means replicating every part of it on a computer. Please access full article by By FRANCO FARAUDO as ..read more

Sublease Space is Now Four Times Greater Than During the Great Recession 1-Million Square Foot Warehouse Built in 2022 Available for Sublease in the East Inland Empire   May 2024 | J.C. Casillas, Managing Director, Research and Public Relations at NAI Capital Commercial   MARKET OVERVIEW The Inland Empire’s industrial market started 2024 by slowing construction momentum. Approximately 7.4 million square feet of completed construction in the first quarter were added to the market, marking a 45.4% decrease from the previous quarter, which saw the largest amount delivered in a single ..read more

Guest Blog by Kelsey Higgins In the fast-paced world of real estate investing, one strategy stands out as a game-changer for savvy investors looking to build wealth and generate consistent cash flow: BRRRR, which stands for Buy, Rehab, Rent, Refinance, Repeat. This powerful approach combines the best of both worlds by enabling you to acquire distressed properties, transform them into income-generating assets, and then recycle your initial capital to repeat the process. It’s a strategy that has captured the imagination of investors across the nation, and in this article, courtesy of real esta ..read more