The Start of the Pandemic As the COVID-19 pandemic began, the first places to feel the impact were restaurants, gyms, performance spaces, entertainment venues, and independent stores. However, commercial real estate hung on, largely due to lessors who preferred to let their tenants keep space at lower prices rather than have to try to rent … The Effect of COVID-19 on Commercial Real Estate
You may not usually think about taking a swim in the midst of your shopping trip, but hey, why not? It’s possible at some malls around the world, as is skiing, going to a concert, or checking out some of Andy Warhol’s finest work. Here are the five malls with the craziest amenities, sizes, and … The Five Craziest Malls In The World
Average Size of Office Buildings in the USA Offices are everywhere you look. Big, small, sometimes on the upper floor of another business, and in many other creative places. They’re used by a variety of businesses and can occupy one suite or multiple floors. As of 2012, there were an estimated 5.6 million commercial buildings … The Average United States Office Building Size
A commercial sublease agreement is an agreement between the tenant currently leasing the commercial property (sublessors), the landlord, and the person who wants to use the property (sublessee). There are several reasons this can work out well, and several factors to keep in mind. For sublessors: Subleasing can be a good option if you need … What is Commercial Subleasing?
Mall Makeover The Crossroads Mall, located at 72nd and Dodge streets in Omaha, will get an upgrade via a $500 million mixed-use development at the site of the mall. The new additions include establishments catering to family activities like laser tag and bowling, along with retail locations. The plan also includes offices, senior living, a … Crossroads Mall Getting a Makeover
The Top Five Largest Commercial Buildings in the United States Who doesn’t love an impressive, large building? They are a sight to behold as we think of the work that went into planning them and the coordination that is needed to maintain them. These are buildings in the United States with the largest square footage. … The Top Five Largest Commercial Buildings in the United States
Commercial common areas include lobbies, parking lots, sidewalks, landscaping areas, utilities, maintenance, and more. Having them is often beneficial to your business. Here are the top three benefits of paying for a commercial common area. Saving money For tenants: Common Area Maintenance Expenses (CAM Expenses) are divided amongst tenants and calculated by square feet. If … Benefits of a Commercial Common Area
Commercial lease structures are quite different from the more common residential leases that most people are familiar with. The following is a break down of what each one means. Full service or Gross lease: The tenant pays the base rent and the landlord pays all building utilities and expenses. However, there may be a load … Types of Commercial Lease Structures
Space Details Office space is available now for immediate move in. Finished Space Premium finishes and textiles Ready for immediate move in Specifications Square Footage: 4,000 to 10,000 sq ft Space size can vary, 10k max contiguous available now Rental Rate: $21.50 / SF / Year Lease Type: NNN Access: One Main Entrance from Interior … Office Space for Lease