The Effects of Technology on Commercial Real Estate While office, retail, and industrial space used to be essential, 2020 taught us that the digital space makes it possible to do business without physical locations. More people work from home, shop online, and import their goods from overseas. That, combined with the economic toll of the … The Effects of Technology on Commercial Real Estate
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The real estate market in 2020 was pandemonium for many cities. At first, it seemed that Omaha would be no different. In the second quarter of the year, as the world coped with the initial shock and significant adjustments from the pandemic, commercial real estate sales in Omaha plummeted by 87 percent compared with 2019. Things were … The Omaha Real Estate Market in 2020
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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
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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?
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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
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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
READ MORESpace 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
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