Are you looking for a new tenant? Is it time to sell your property? Are you asking yourself “how do I list a commercial property?” Handling commercial real estate transactions can be tricky. Selling commercial property is more complex than you might expect, and finding the right tenant can be just as difficult. Office, retail, … 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
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
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
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
Retail has grown 3.2% average per year. Multiple retailers avg. over $450+ per sq. ft. in sales volume Daily population of more than 120,000 visitors (9M annually), market area population over 85,000, that generate over $1.2B in retail sales per year. Ranked as the 17th best US vacation destination by Trip Advisor. Exposure to a … Read more
Year-round market that produces 12-month results in 10. Over 9 million annual buyers who eat out at least twice a day with shopping as the #1 visitor activity. 85,000 market area population. A top rated trip advisor US Vacation destination. See all available properties, not just our listings. We provide all the visitor, resident demographics … Read more
