Campaignium, Author at Commercial 1 Brokers

What Is Rent Abatement?

August 17, 2020August 14, 2020 by Campaignium

Woman places open sign in a small business shop after Covid-19 pandemic.

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 Talks The State of Commercial Real Estate During Covid

July 21, 2020July 20, 2020 by Campaignium

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

How Tenants & Landlords Can Try to Navigate COVID-19

July 16, 2020 by Campaignium

Restaurant owner wearing a face mask stands behind counter.

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

6 Steps for a Successful Office Relocation

July 8, 2020 by Campaignium

Office staff unpack boxes after a business relocation.

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

Extending One-Year Leases: What Are My Options?

March 18, 2022June 1, 2020 by Campaignium

Person hands over pen and commercial real estate lease to another to sign.

A one-year lease could be an option for your startup. You’ll have the flexibility to scale the business up or down depending on its success. If it doesn’t work out, you won’t be stuck with a long lease or left trying to find someone to sublet the space. Although the option for a sublet in … Read more

Why Can’t I Get A Good Deal on A Vacant Space?

May 5, 2020 by Campaignium

A storefront in a shopping center sits empty.

Vacant storefronts and offices can be found in many communities. The restaurant down the street has never received a new tenant. The retail storefront around the corner has been vacant for over a year. Business owners may assume that pursuing long-vacant real estate means they’ll be able to get a better deal. If a space … Read more

Commercial Lease Agreements 101

June 30, 2020March 24, 2020 by Campaignium

With great property comes great responsibility. Commercial lease agreements spell out the responsibilities of both the tenant and landlord. Whether your lease agreement is one page or thirteen, you’ll want to understand the terms before you sign. While there’s no standard commercial lease agreement, most commercial leases address similar items. Read more about what you … Read more

How to Apply for a Small Business Loan

March 31, 2020February 28, 2020 by Campaignium

A small business owner stands smiling at the entrance of her establishment.

You may be considering a loan if you’re ready to expand your business, but you lack the capital to do so. As your small business grows, you may need to purchase inventory, equipment, supplies, or commercial real estate to keep pace with demand. Applying for a small business loan can be overwhelming. From the multitude … Read more

How Much Rent Can I Afford?

March 18, 2022January 23, 2020 by Campaignium

For lease sign on a commercial real estate building in Branson, MO.

As you browse locations, one thing may be at the forefront of your mind: rent. How much rent can your business afford? Should you pay more for a nicer location? Could you get away with a location with a lower rent cost?

Most people want to pay as little as they can for rent without scaring away their customers. You want an affordable space that’s accessible and welcoming. Your budget and operating costs, along with the location’s traffic, will affect how much you should spend on rent.

Read more about commercial rent and how to find what rent you can afford.

Choosing A Location Based on Your Target Market

March 30, 2020December 19, 2019 by Campaignium

A young couple looks into a storefront window with shopping bags and drinks in their hands.

You’ve got a great idea. You’ve got a great business plan. Now, all you need is a great location to see it all come to fruition.

The Small Business Administration cites that more than 30.7 million small businesses open each year. You may think online sales are king, but for restaurants and retail, brick and mortar stores are vital for success.

Some retail companies closed stores this year in what’s been coined a “retail apocalypse.” Yet, for every company that closed a store, 5.2 companies opened new locations.