Commercial Real Estate News

Despite its generally negative connotations, procrastinating can be beneficial in certain situations. It can focus your mind in the waning moments before a deadline, “encouraging” – some may say “forcing” – you to do your best work.

Your company’s lease expiring is not one of these “certain situations,” however. Putting off considerations on if you’ll renew, relocate or build your own space will only cost you money and stress in the long run.

Any business owner should determine its physical location plans for the next lease earlier rather than later – the longer you wait, the lower your chances of finding a suitable place to house your business.

If you own commercial property, you may or may not have considered purchasing commercial property insurance.

If you’re in the latter camp, it would not hurt to explore your options in the hopes of protecting yourself and your business in the event of an unforeseen catastrophic event – such as a fire – on your property. Here are some things to consider in the hunt for commercial property insurance:

Once you purchase an investment property, the real work begins.

You now have to manage it.

There are several aspects of the management process you’ll want to have a good grasp on to help ensure success as a property manager.

No longer are office buildings the boring, fluorescently illuminated spaces filled with rows of impersonal cubicles.

Ok, so some offices are still like that, but the trend in today’s corporate environment is to create workspaces that reflect the changing tastes and values of the companies and younger employees working in them. Here are some trends you’re likely to see in office buildings in 2018 and beyond:

DRK's Property Management team has been very active as fall and cold weather are quickly approaching. Please find below a list of repairs that have been completed, in addition to repairs we have on our list to be completed over the next few weeks.

Green Meadows Commerce Center: Paving will resume today, weather permitting. We have also been working on various housekeeping items such as cleaning up behind the units, painting, fixing dumpsters and helping overall cleanliness of the area. You will notice our fountain is back up and working as well!

A lot more goes into managing rental properties that most people realize – as any experienced investor can tell you, it’s not just collecting rent checks.
Determining whether or not you want to hire a property manager or go the DIY route depends on a number of factors. A significant amount of time, money and energy is required for the process, which can add up quickly. Consider these matters before you decide which route is best for you.