Why You Need a Tenant Rep
The Landlord Broker ALWAYS works for the Landlord
The goal of any landlord is to maximize the income that they make from renting their units. When you get to the negotiating table, you need someone who knows the Minnesota commercial real estate market inside and out looking after your interests. Otherwise, you can’t be certain that you’re receiving a fair deal.
Common Area Factor:
Rentable vs Usable
The common area factor, also referred to as “load factor” or “add-on factor,” is the increase in the rentable square footage above the usable square footage. The equation that can help you figure out the load factor is as follows:
Should I Use a Commercial Real Estate Broker
Everyone wants to save a dollar. If you work hard, you can knock a few thousand off the cost of a real estate deal and many of us are inclined to go it alone. But is it worth your time to sift through many online listings and try to negotiate without using a Minneapolis commercial real estate broker? This article examines the pros and cons of finding your own office space versus using a commercial agent’s guidance.
Commercial Real Estate Market Update Q4 2017
The industrial market as a whole finished the year strong with just over 2.1M SF of net absorption. Though the twin cities metro is not a hub for national distribution, the growing need for last-mile delivery brought about by the rise of e-commerce has spurred most of the activity.