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Managing commercial properties is not an easy task. You must communicate with tenants and be ready for the inevitable, late-night, emergency maintenance call. If you recently purchased commercial real estate, you may not want to take on the duties of commercial property management. You may not wish to be the main point of contact for … Read more
Branson, Mo., January 4, 2021 — Steve Critchfield and Robert Huels announced the addition of Sales Associate, Rich Crowell, formerly of The Golden Corral, to their sales group. Rich Crowell joins the Commercial One Brokers Group after years of bottom-line responsibility in the restaurant business. “His expertise in restaurant management, cost analysis and control, restaurant … Read more
Companies with open offices and shared workspaces were significantly affected in 2020. The pandemic caused many to close and establish temporary remote work policies. As health risks remain, large companies and small businesses continue to reconsider their work environments. Employees Enjoy Remote Work Many employees have appreciated—and even thrived—under work-from-home arrangements. Will remote work be … Read more
The holiday season is around the corner. It’s time for good cheer, hot chocolate, twinkling lights, family and giving the perfect gift. Your holiday shopping may look different this year due to the pandemic, but local businesses can help you find Christmas, Hanukkah or Kwanzaa gifts for everyone on your list. New Holiday Shopping Habits … Read more
Retail shopping expectations are shifting as consumer habits change. Lockdowns, stay-at-home orders, and general worry across the country have created a “new normal.” According to a survey from McKinsey & Company, four out of five Americans have not returned to pre-COVID activity levels. Consumers are spending more time online—working, shopping, and connecting with others. Many … Read more
What is a concession in a lease agreement? Good question. One-time rent concessions are usually offered to attract new commercial tenants or entice current tenants to renew their lease. Concessions can come in many forms from offering decreased rent for a period to reducing service fees. In commercial real estate’s current landscape, concessions on rent … Read more
Searching for rent relief or considering rent deferral? If your company or small business needs rent relief now or will in the coming months, it’s time to consider your options and have a conversation about rent concessions with your landlord. The state of commercial real estate has changed since the coronavirus pandemic began, but many … Read more
Stephen Critchfield of Commercial One Brokers gives his insight on local commercial real estate trends during the COVID-19 pandemic. Read more about Stephen’s background, his insights on Missouri’s commercial real estate market this year, and his predictions for trends moving forward. This interview was originally published on COMMERCIALCafé and has been reposted to our blog with … Read more
As the COVID-19 pandemic continues, numerous businesses have shut their doors for good. Yelp’s Local Economic Impact Report from June 25, 2020, states that there have been nearly 140,000 business closures recorded on Yelp since March 1, 2020. Unfortunately, 41 percent of those businesses have permanently closed. The highest closure rates come from retail, restaurant, … Read more
Your business has outgrown its current office space, or you want something smaller. It’s time to move. Whether you’re cutting back, rolling out new services, hiring additional employees, or want to be closer to your talent pool, moving to a new location is a chance to solve operational challenges and signal success to your customers. … Read more
