Can Rent Concessions Help You During COVID-19?

Portrait of young small business man owner with face mask at checkout.

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 Can Rent Concessions Help You During COVID-19?

Stephen Critchfield Talks The State of Commercial Real Estate During Covid

"Temporarily Closed, Stay Safe" Sign

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 Stephen Critchfield Talks The State of Commercial Real Estate During Covid

How Tenants & Landlords Can Try to Navigate COVID-19

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 How Tenants & Landlords Can Try to Navigate COVID-19

Commercial Lease Agreements 101

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 Commercial Lease Agreements 101

How to Apply for a Small Business Loan

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 to Apply for a Small Business Loan

How Much Rent Can I Afford?

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.

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Choosing A Location Based on Your Target Market

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. 

Read moreChoosing A Location Based on Your Target Market