Commercial real estate investors in Texas and across the country may encouraged by a report released by the brokerage company NAI Global. The New Jersey-based firm scrutinizes vacancy rates and rents in the office, retail and industrial sectors of 21 key U.S. markets,...
Commercial Real Estate
NAR expecting growth in commercial sectors
The commercial real estate market is set to see a reduction in vacancies, according to forecasts released by the National Association of Realtors. Furthermore, economic growth in Texas and across the U.S. has lead to a continued wave of optimism in commercial markets....
How to handle issues related to due diligence
Prospective buyers of Texas commercial real estate generally want time to do due diligence. This may include looking at any leases, liabilities or zoning information about the property. Buyers may also need time to secure financing because sellers may not allow...
Smart building technologies help transform the commercial real estate market
Texans involved in commercial real estate should be aware of the latest building technologies as smart buildings tend to have higher occupancy rates.According to experts, nearly half of the U.S. workforce will be working as freelancers by 2020. By the time they reach...
June construction spending down overall, office construction up
This week, the Department of Commerce reported that overall construction spending dropped by 1.3 percent in June. This represented the second marked drop in the last three months. Moreover, spending on government construction projects fell by its largest percentage...
Texas a top state for foreign investors in commercial real estate
According to a recent survey, roughly half of the members of the National Association of Realtors reported an increase in commercial real estate transactions involving investors from outside the U.S. in 2016. And Texas is one of the top three markets for foreign...
Zoning laws land golf complex in the rough
Before you can open a business in a particular location, you must first ensure that the area is zoned appropriately. However, even if the city approves your plans and says you can move forward with your plans, objections can arise and threaten the future of your...
Consider these factors when searching for, and negotiating leases on, commercial space
Your office space is much more than just the address you put on your letterhead. The space dictates what your business is and what it can become. It also sends an important message to your current and prospective clients.Therefore, it is crucial that business owners...
In the zone: Make sure commercial space is zoned properly
Zoning laws in Texas are strict, and strictly enforced. They control how properties are utilized, including whether property is appropriate for commercial use.If you own a business, or are thinking of starting one, you will likely be looking at commercial property to...
Negotiating a commercial lease? The clock is ticking
Negotiating any type of contract or agreement as a business owner can be a complicated task. Often, contracts involve significant paperwork and legalese that seem tedious, but it is crucial that parties to a contract examine these documents thoroughly. Remember, too,...
