4 Reasons to Shop Local This Holiday Season

Woman wearing red face mask hangs an open sign on her business's front door.

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

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

What Is Rent Abatement?

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

"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

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

6 Steps for a Successful Office Relocation

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?

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

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

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 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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