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What You Should Know When Leasing Medical Office Space

The needs of healthcare providers for office space obviously differ drastically from normal office spaces, and often have specific needs which are not always shared between practice areas. Some may require access to a lab, others may need clinical services; the list goes on and on. This is why it’s important to keep these tips in mind when searching for the perfect space to grow your practice. 1. Parking – it always shocks us when people forget how important parking is!...

Why Your Company Needs Warehouse Space Before It’s Too Late

If you’re an entrepreneur with a growing business, you probably have thought about the need for warehouse space. But even if you’re just in the infancy stages of your current venture, it’s best to think ahead about the needs your business will require. After all, your business is your child, and you need to nurture it appropriately if it’s going to grow up big and strong! So consider these factors when thinking about warehouse space: Flexibility – if your business...

US Office Vacancy Rate and 2017 Outlook – What It Means For You

Commercial real estate tycoons, get your wallets ready; the national office vacancy rate has officially declined to 15.7 percent! According to real estate research firms such as Reis Inc., this is the lowest office vacancy rate the US has seen since the second quarter of 2009. While this sounds good, what exactly does this mean for those investing in commercial real estate? It means that commercial real estate is increasing in demand! As employment rates and the economy, in general, continue...

Dallas: The Next Silicon Valley – Office Space Boom

It’s common knowledge that the tech industry is good news for cities and regions across the world. Growth in this sector raises the value of homes and enhances the real-estate environment in general. This tech industry growth is starting to spill into other areas of the country, as California is too expensive of a market for tech entrepreneurs and their teams to thrive in. What the tech industry is looking for now, are some of the characteristics of pre-tech boom...

Why The Supply of Commercial Real Estate Is Slowing, And What You Should Do About It

With the exceptions of slight growth in specific market sectors like senior and student housing, and single-tenant industrial leases like regional distribution centers, projections for the future show modest additions to supply in the world of commercial real estate. So what does this mean for your business? If you’re looking to move, will you be forced to sign an overly expensive lease to get the right place for you, or will you need to give up on the dream location...

3 Shocking Reasons Why Online Searches For Commercial Real Estate Don’t Work

Let’s face it; we live in a digital age where the Internet has a tool for everything. And while that can be liberating, it can also create blind spots! So when using online searches, keep these important factors in mind before committing yourself to a lease which may ultimately may not be the right fit for you and your business. 1. There’s no personal touch It’s a good idea to do some cursory online searches to have an idea of what you’re...

The Worst Mistakes To Make When Leasing Office Space

Everyone makes mistakes; it’s human nature. But for a major financial decision which can determine whether your business will sink or swim, it’s best to avoid mistakes of any kind. In our experience, the following mistakes are not only the most damaging to your livelihood’s space; they are also the most common! No Planning When Leasing Office Space It takes a considerable amount of time to either renew a lease or move to a new space. In fact, depending on the requirements...

Medical Office Space Lease Negotiation Tips: What Landlords Don’t Want You to Know

As is true in every business, location can determine whether your medical practice will be a massive success or a nightmarish blunder. Landlords know this and will do everything they can to wring money out of a potential tenant for an ideal space. So to get the perfect location for a medical office space without being taken advantage of, learn these quick tricks before your next negotiation. Secure the Option to Renew in Writing Want to lock down your piece of prime real...

Commercial Real Estate Trends in Dallas in 2017

While 2016 was certainly a tumultuous year, the fact remains that investing in commercial real estate is one of the best options for a diverse and thriving portfolio. At MacyNewman, we would like to take a few minutes to highlight some of the trends which drove the industry throughout the year, and where we believe the market will be as we begin 2017. Global and national political uncertainty: While the U.K.’s “Brexit” from the European Union will certainly cause ripple effects across...

The Basics of Commercial Real Estate with Macy Newman

So you’ve decided to break into the commercial real estate business. Great! Or, perhaps you’re expanding your holdings and investment portfolio from a single office space into multiple locations with varied uses. No matter what your comfort or experience in the industry, there is always something to learn. Let these basics be either a tutorial or refresher for you as you get started. Commercial Real Estate Property Types Commercial real estate is simply property solely used for business purposes, which can include...