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As Natural Disasters Drive Commercial Property Insurance Higher, What Can Commercial Property Owners Do to Mitigate Risk?

Catastrophic events have always been a component of the risk equation for property owners and insurers, but since 2017, there has been a dramatic increase in natural disasters of all types, ranging from hurricanes and tornadoes to earthquakes to severe storms to floods and wildfires. According to the NOAA National Centers for Environmental Information (NCEI), … Continued
aerial view of empty Industrial business park

Despite Increase in Industrial Vacancy, It’s Still Not a Tenant’s Market

Even with the massive year-over-year (YOY) increase in vacancy rates in the Southern California industrial markets — up from 100 to nearly 300 basis points, depending on the market — tenants still aren’t seeing much rent relief. Average asking lease rates continue to set new all-time highs for the Inland Empire, Greater Los Angeles, Orange … Continued
Tenant Improvement sketch of workspace and lobby transitioning to completion.

Tenant Improvement Costs Compound Challenges for Landlords

As if the slower-than-hoped-for return to the office, the emergence of hybrid work models, and the looming commercial mortgage crisis weren’t enough to contend with, landlords that have been fortunate enough to ink tenants to new deals or renew existing ones have another headwind to battle – persistently high tenant improvement costs. The 2023 Fit-Out … Continued
cold storage facility image with fruit vegetables and fish

Demand for Cold Storage Shows No Signs of Cooling

The impact of COVID-19 sent shock waves through the entirety of the commercial real estate industry, and its aftershocks are still being felt today. The work-from-home strategy that was so vital to keeping businesses open during the pandemic has devastated the office-using market. Conversely, the rise of e-commerce has been one of the primary drivers … Continued
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How Will AI Impact Commercial Real Estate?

At the closing session of the Society of Industrial Realtors (SIOR) Spring Conference in Montreal this year, self-described economic futurist Andrew Busch delivered a talk on “The Future Economy: Growth Opportunities.” Toward the end of his session, Busch delivered this bold statement on the impact that artificial intelligence will have on business to an audience … Continued
man sitting in chair looking at two rows of doors, buy vs lease

Lease or Buy Decisions Complicated by Market Uncertainty

When seeking out a commercial property to either start or grow their company, business owners are often faced with the question: Should I lease or buy? There is no one-size-fits-all solution, and the best strategy for any company depends on many factors, including the property type and the market in which the business is located. … Continued
Happy motivated male employee cheering with excitement after receiving a reward

Innovative Ways to Reward and Motivate Your Employees

Today, there are more ways to work than ever before. Whether your employees are working remotely, juggling hybrid, or navigating new workplace technology, finding ways to reward and appreciate their efforts is important. When employees feel acknowledged, they are more likely to be engaged in their roles, be motivated to succeed, and have a higher … Continued
Nicely landscaped industrial distribution center

What Can Landlords Do to Improve Their Properties to Gain/Keep Tenants?

As a landlord, your ultimate goal is to attract quality tenants who will not only pay their rent on time but also take care of the property. In a competitive leasing market with numerous options available to potential tenants, standing out from the crowd can be a challenging task. The secondary goal, retaining the tenant, … Continued
Casual group discussion between boss and employees - strong company culture

Key to Success: Build a Strong Company Culture

Establishing a strong company culture is vital for a positive and productive work environment. A company’s culture is built on shared beliefs, values, and practices and guides its employees’ interactions with each other and its customers. The outcome is increased employee satisfaction, higher retention rates, enhanced productivity and a higher level of customer satisfaction and … Continued
Woman packing her office for a business relocation

How to Ensure a Smooth Transition to Your New Commercial Space

Congratulations on finding a great new space that fits your business’s needs! Relocating or expanding your business to a fresh or new commercial space can ignite a whirlwind of emotions – a mix of excitement, anxiety, and a feeling of being overwhelmed. The demands of the moving process are undeniably complex, but amidst the chaos … Continued