Commercial Real Estate News for Tuesday June 12

In Tuesday’s commercial real estate news – we’ll give you a look at Aetna Inks’ Office deal, the Seattle leaders that are poised to scrap head tax, how the cloud technology will help run the CRE industry, and so much more. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Commercial Real Estate News for Wednesday May 30

In Wednesday’s commercial real estate news – we’ll give you a look at the $107 Billion Commercial Real Estate Deal, why credit unions are overlooked when it comes to CRE loans, the NOI growth in senior housing, and so much more. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

A Look at the Commercial Real Estate Bubble That is About to POP!

Since the imploding of the Financial Crisis back in 2009, banks and other financial lending institutions have been weary when it comes to lending money to Commercial Real Estate investors. And to be honest…. we don’t blame them, since “CRE loans were in part responsible for the near-collapse of the financial system during the Financial Crisis,” according to Business Insider.

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MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Commercial Real Estate News for Wednesday May 23

In Wednesday’s commercial real estate news – we’ll give you a look at the 10 must reads in CRE, the 6 takeaways from this years RECon and so much more. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Commercial Real Estate News for Monday May 21

In Monday’s commercial real estate news – we’ll give you a look at the effort to bring real estate out of the Dark Ages, the winner of the LaSalle Hotel bidding war, and so much more. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Commercial Real Estate News for Friday May 18

In Friday’s commercial real estate news – we’ll give you a look at the tired office block that has become hot property, how Marriott is expanding its partnership with Simon, an inside look at what real estate pros have to say about the future of CRE , and so much more. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Commercial Real Estate News for Wednesday May 8

In Wednesday’s commercial real estate news – we’ll give you a look at the state of commercial property companies that need to prepare for the EU’s data privacy overhaul, the U.S. banks that loosened commercial real estate lending, the 5 ways technology is shaping CRE property management, and so much more. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Commercial Real Estate News for Wednesday April 18

In Wednesday’s commercial real estate news – we’ll give you a look at how to empower women working in commercial real estate, the 10 must reads in CRE, South Korea’s move into U.S. commercial real estate, and so much more. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Commercial Real Estate News for Monday, April 9

In Monday’s commercial real estate news – we’ll give you a look at the state of the office sector, industrial real estate and the trade warfare, and so much more. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Commercial Real Estate News for Wednesday, April 4

In Wednesday’s commercial real estate news – we’ll give you a look at the 5 workplace trends that are changing the commercial real estate industry, the 3 keys to successful passive investing, the state of bonds in Illinois, and so much more. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Eco-Friendly Wooden Skyscrapers

Lever Architecture’s founder, Thomas Robinson is revolutionizing the way developers build some of today’s tallest and most influential buildings. A pioneer in his industry, Robinson has been able to design and develop structures using only wood, no concrete or steel is needed to help bear the weight of the infrastructure. Not only is this method allowing a more affordable way for construction, but is also benefiting the environment in which they are built in.

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Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.

She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.

Commercial Real Estate News for Monday, March 19

In Monday’s commercial real estate news – we’ll give you a look at the UK commercial market, the #1 commercial market in the US, Institutional Commercial’s new development, and so much more. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Commercial Real Estate News for Friday, March 16

In Friday’s commercial real estate news – we’ll give you a look at the state of Toys ‘R’ Us stores, the 10 must read CRE articles today, the confidence investors have in Apollo Commercial Real Estate Finance,Inc., and so much more. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Commercial Real Estate News for Tuesday, Feb. 27

In Tuesday’s commercial real estate news – we’ll give you a look at the REIT known as ACRE, an exclusive with Bisnow’s Collette English Dixon, garden style apartments, and so much more. Read More

Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.

She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.

Technology Saves the Office Sector

Investing in office buildings tenants

The new year brought with it the lowest level of unemployment seen in nearly 17 years. Over 200,000 new jobs were added to the market leaving unemployment at an unchanged rate of  4.1%, adding the largest gain in wages since the end of the Great Recession. Read More

Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.

She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.

How Data is Changing the Way We Design

We are constantly surrounded by information and data, but not many of us, especially in the commercial real estate industry know how to make use of all the data out there. Especially because there is a ton of data that we’re failing to collect right within our own properties. Read More

Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.

She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.

Charlotte Office Property – 2017 Market Review

Charlotte’s Office market this past year has shown to be reliably stable with office sales in the fourth quarter of 2017 exceeding $294.1 million and totaling over 1.2 million sq ft. According to a report done by Colliers, Charlotte’s commercial real estate market continues to drive a strong demand for office spaces, especially those that are Class A properties with prices reaching up to $32.46 per square foot. Read More

Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.

She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.

Silicon Valley Office Property – 2017 Market Review

The Silicon Valley’s office market has shown to have a strong demand this year with gross absorption totaling over 9.3 million square feet. According to a report done by Colliers, “Silicon Valley’s Office market has recorded its twenty-first consecutive quarterly occupancy gain during the third quarter in 2017.” Showing even more promise this coming year with anywhere from 70.0 million square feet in future development. Read More

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Elk Grove, California | Office Cap Rates

As you may know, Cap Rates are essential in any commercial real estate investment and having an accurate cap rate helps investors determine whether or not a property is worth the risk. We here at myNOI calculate local cap rates for all commercial property types on a daily basis, using our Local Cap Rate tool.

We’ve recently calculated office property cap rates in the Elk Grove, California area and here is what we’ve found:

After comparing the cap rates of office properties in the surrounding Elk Grove, California area that have sold in the last six months, we found that the cap rates ranged from 3.6% – 7.65%, with an average of 5.93%.

For a cap rate in your area, use our easy to use Local Cap Rate tool and we’ll help you determine the average cap rate in any particular area.

NOTE: The information provided is not an appraisal or valuation from a certified appraiser or broker.

Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.

She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.

Milwaukee, Wisconsin | Office Cap Rates

As you may know, Cap Rates are essential in any commercial real estate investment and having an accurate cap rate helps investors determine whether or not a property is worth the risk. We here at myNOI calculate local cap rates for all commercial property types on a daily basis, using our Local Cap Rate tool.

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Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.

She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.

Pittsburgh, Pennsylvania | Office Cap Rates

As you may know, Cap Rates are essential in any commercial real estate investment and having an accurate cap rate helps investors determine whether or not a property is worth the risk. We here at myNOI calculate local cap rates for all commercial property types on a daily basis, using our Local Cap Rate tool.

We’ve recently calculated office property cap rates in the Pittsburgh, Pennsylvania area and here is what we’ve found:

After comparing the cap rates of office properties in the surrounding Pittsburgh, Pennsylvania area that have sold in the last six months, we found that the cap rates ranged from 8% – 10.53%, with an average of 9.48%.

For a cap rate in your area, use our easy to use Local Cap Rate tool and we’ll help you determine the average cap rate in any particular area.

NOTE: The information provided is not an appraisal or valuation from a certified appraiser or broker.

Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.

She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.

Charleston, North Carolina | Office Cap Rates

As you may know, Cap Rates are essential in any commercial real estate investment and having an accurate cap rate helps investors determine whether or not a property is worth the risk. We here at myNOI calculate local cap rates for all commercial property types on a daily basis, using our Local Cap Rate tool.

We’ve recently calculated office property cap rates in the Charleston, North Carolina area and here is what we’ve found:

After comparing the cap rates of 10 office properties in the surrounding Charleston, North Carolina area         that have sold in the last six months, we found that the cap rates ranged from 4% – 11.45%, with an average of 7.88%.

For a cap rate in your area, use our easy to use Local Cap Rate tool and we’ll help you determine the average cap rate in any particular area.

Or fill out the form below and we’ll help you determine the average cap rate in any particular area. 

NOTE: The information provided is not an appraisal or valuation from a certified appraiser or broker.

Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.

She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.

Top 5 Office Space Rental Websites

Finding an office space that is suited for both your needs and your price range can be a challenge at times, but it shouldn’t have to be. We’ve taken a look at Whista’s “25 Best Websites to Find Office Space for Rent” and picked our favorite top 5 office space rental websites.

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MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.

Choosing an Office Space

choosing an office space

As a business owner, choosing an office space is one of the most important things you’re tasked with. A building must not only service all your company’s needs, but also serve as a reflection of you to potential clients. Below, myNOi has collected five questions to ask yourself before you lease an office space:

Is There Room for My Company to Expand?

When choosing an office space, make sure there’s room for even more growth in your future.
You’re likely looking at new office buildings because your business is growing in some capacity. That’s exciting! But when choosing an office space, make sure there’s room for even more growth in your future. You don’t want to repeat this whole process a year from now when you begin to feel crowded in your new building. Study your growth rate, and strike a sure-footed balance between your current, realistic needs and what your requirements for the future may be.

Is This the Right Location for My Clients?

choosing an office space - heavy foot traffic

This is obviously important for any business to consider. You, and your new office building, should be where your clients are! Moving to the metropolitan hub can be expensive, but if it brings you more work, it may be worth it. Alternatively, transferring out of the city can save you rent money every month, but that won’t help much if your clients don’t follow. Play with the numbers and look at the demographics to decide the best location for your business.

Is This the Right Location for my Employees?

Customers aren’t the only ones you’re trying to keep happy! Consider the needs of your employees too when choosing a new office space. You may have found the perfect location for yourself. But if it’s an hour-long commute for your employees everyday, you risk the chance of them walking out for a job closer to home. Find a location that makes your employees feel respected.

How’s the Parking Situation?

choosing an office space - parking

This is one that can slip by unnoticed when you’re looking at new buildings. A poor parking situation will make every morning at your office miserable, so spend time making sure there’s plenty of room for both clients and employees! If there’s a parking garage attached, negotiate with the landlord to see if they’ll lower the rate for you.

What are the First Impressions this Building with Give People About My Business?

Finally, you want your new office space to be an accurate representation of your company and your culture. How the building looks on the outside is important. But also consider what the interior layout says about your company. Do you want lots of unused space that conveys a sense of wanton luxury? A cramped cubicle farm that denotes razor sharp efficiency? An in-between?

Always consider what your office building says about you before signing the lease!

 

Use these tips when choosing an office space and you’re sure to find a good fit!

Learn more about investing in office buildings.

Download this myNOI article.

 

Dalesmy Gonzalez is a graduate of Western Washington University where she studied Business Administration with an emphasis in Marketing.

She specializes in optimizing digital marketing websites for commercial real estate brokers and connecting buyers, sellers, and investors across the US.

Investing in Office Buildings

investing in office buildings

Savvy investors can make a lucrative return by investing in office buildings. Each of the four commercial property types have risks and benefits associated with them. In this post, we’ll go more in-depth on investing in office buildings.

Investing in Office Buildings: TenantsInvesting in office buildings tenants

Best case scenario, your office building will already be filled with tenants when you purchase. That way it can immediately begin generating cash flow for you. Ideally, your tenants will be respectable members of the community, with a few years left on their lease. This gives you time to settle into your role as a property manager. As well as flexibility in planning ahead for when the tenants decide to move on.

If you’re investing in an office building without tenants, begin to advertise the space before you’ve even signed the deal. Unlike residential and multi-family units, vacancies in office buildings can take longer to fill. So make sure you have the funds to go at least a year without an income from the office building. Market your office building online, in the paper, at business gatherings—anywhere potential tenants are looking, you should be.

Investing in Office Buildings: Economy

The success of investing in office buildings is highly reliant on both the local economy, as well as the economy at large. When times are good for business, times are good for those who invested in business buildings. If the economy shrinks though, expect to take a hit to your bottom line. Locking in tenants with longer leases can help mitigate some of this risk, but don’t expect those to keep your investment completely afloat if the economy weakens tremendously.

Investing in Office Buildings: Rent Prices

With these risks should come a higher rate of return. To offset the liabilities of investing in office buildings, you should be charging a higher rental fee than you would for residential and multifamily. Keep your rental prices competitive. But make sure you’re making enough income to set some aside for when times get rough.

Investing in Office Buildings: Meet Other Property Ownersinvesting in office buildings property owners

Make your way around the location and talk with other property owners who have invested in office buildings. Discuss the lease arrangements they have with their tenants, how often they renovate, any tips-and-tricks they’ve learned over time, and anything else that may be valuable to know before you go investing in office buildings.

 

Interested in buying, selling, or leasing an office property? Get in touch with a commercial property broker today!

MyNOI connects investors with the knowledge they need to make smart decisions and the right brokers to reach their goals. As a team we gather & write timely and salient articles for you to develop your expertise as a commercial real estate investor and broker.