Tom Pappas Commercial Real Estate

Making Strategic Market Decisions: Resources for Further Reading

Whether client interactions or online transactions are the crux of your company, knowing and understanding your market can help to optimize and expand your business. If you are looking for a larger commercial property or entering a new market for the first time, enlist an experienced commercial real estate broker to help you make a sound and strategic real estate decision. In addition to helping you find and secure the right commercial property, your broker can also provide valuable insight into market-specific initiatives and opportunities that could positively impact your own company.

• With the economy in flux, the commercial real estate market is also changing with constancy. With the guide of an experienced broker who understands the current commercial real estate outlook, you can make a strategic commercial real estate decision that benefits your company now and into the future.
• Whether you choose to relocate your business because of expansion or to follow new opportunities, finding the right property can impact the success of your business, particularly if you are entering a new market. Read more about office relocations, what to consider, and how to make a seamless transition with this guide from Entrepreneur Magazine.
• Eco-friendly commercial properties and initiatives can help companies to conserve both valuable environmental resources and long-term expenses on energy and utilities. One such program is ResourceSmart, a partnership between Denver utilities providers and the National Association of Industrial and Office Properties that invites the commercial real estate community to conserve and smartly use resources.

For more information about commercial real estate, please contact Tom Pappas. As managing director at Studley, Inc., Tom specializes in strategic planning within the Denver market and develops real estate strategies to help his clients make sound commercial real estate decisions. Visit us online or call Tom today at (720) 259-1809.

What's Happening in Denver: Water Conservation and Commercial Real Estate

As green architecture and developments become increasingly prevalent and popular, many companies are finding that considering the environmental costs of doing business can be just as important as the bottom line. In addition to conserving natural resources, going green in the commercial real estate market may offer its own unique advantages. This is also true for the Denver market, which participates in ResourceSmart, an initiative of the National Association of Industrial and Office Properties that seeks to reduce energy and water consumption in commercial properties throughout the metroplex.

A special partnership between the NAIOP, Xcel Energy and Denver Water, ResourceSmart aims to reduce the commercial market’s environmental impact by promoting water and energy conservation. By offering special rebates and incentives, ResourceSmart is encouraging industrial properties and office buildings alike to be smarter and more strategic about energy consumption and waste. Whether you seek to rent in a LEED-certified building or are simply trying to be more conscious about the costs of doing business, your commercial real estate broker can help you find the space that satisfies your company’s needs and values.

For more information about commercial real estate, please contact Tom Pappas. As managing director at Studley, Inc., Tom specializes in strategic planning within the Denver market and develops real estate strategies to help his clients make sound commercial real estate decisions. Visit us online or call Tom today at (720) 259-1809.

Call on a Broker in Your Commercial Property Search

Just as using a real estate broker can make your residential search less stressful, working with a tenant representative can make your commercial property search more strategic and targeted to your business needs. With experience and expertise in the industry, a commercial real estate broker can help you make a decision that considers your company’s growth, employee productivity, and investor demands. A tenant representative is not only an advocate for you but also brings valuable market knowledge and skills to the negotiation table.  

• Business Insight: After analyzing your business model, goals, and company culture, an experienced commercial broker can help you find the space that best fits your current and future needs. Moving or relocating your office can impact finances, business operations, and employee and client satisfaction, but working with a professional can help you make the transition more seamless and strategic.
• Extensive Market Knowledge: Particularly if you are not from the area, a thorough understanding of your target market is critical to finding the right space at the right value and with the right opportunities. With his or her detailed understanding of the market, an established broker can help you target the right area for your business, analyze properties and demographics, and answer your questions about future growth or development activity.
• Negotiation Skills: Finding a suitable office is often easier than securing one. A commercial real estate broker brings extensive and insider knowledge of commercial lease negotiations that can help you secure the most favorable terms. When hiring a broker, look for a tenant representative; he or she advocates solely for clients and their best interests, not the landlord’s.

For more information about commercial real estate, please contact Tom Pappas. As managing director at Studley, Inc., Tom specializes in strategic planning within the Denver market and develops real estate strategies to help his clients make sound commercial real estate decisions. Visit us online or call Tom today at (720) 259-1809.

Commercial Lease Agreements: Discerning Between Tenant and Landlord Responsibilities

In addition to cementing your rights to a property, signing a favorable commercial lease agreement can also help to prevent costly and contentious legal battles over responsibilities. By delineating responsibilities, restrictions, and tenant rights, your commercial lease acts a guide for navigating negotiations with your landlord. Talk to your commercial broker about how and which tenant and landlord responsibilities are determined; common lease terms are outlined below.

• Maintenance: The burden of maintenance responsibilities vary under differing circumstances. Generally, landlords are responsible for the cost of structural repairs while tenants are culpable for the wear and tear caused by factors like foot traffic. Your commercial broker or tenant representative can help to clearly define maintenance responsibilities in your lease agreement.
• Upgrades: Before signing a lease for a new property, consider your short and long-term goals in order to determine the office amenities and characteristics you’ll need. If you choose to upgrade a space, you will likely be responsible for the renovation or construction expenses. The cost of government-mandated upgrades, though, like those outlined in the Americans with Disabilities Act, usually fall to the landlord.
• Utilities: Because energy consumption and waste production is greater with businesses than with residents, utilities can be a major point of contention in many commercial leases. A commercial lease should clearly state who pays the utilities and include information about how each utility is metered. In order to ensure that the utility clause of your lease is fair, work with a commercial real estate broker with the experience and expertise to help you achieve fair outcomes.   

For more information about commercial real estate, please contact Tom Pappas. As managing director at Studley, Inc., Tom specializes in strategic planning within the Denver market and develops real estate strategies to help his clients make sound commercial real estate decisions. Visit us online or call Tom today at (720) 259-1809.  

Moving and Designing Commercial Office Spaces: Resources for Further Reading

Moving into a new or bigger office can be not only a sign of achievement but also an opportunity for continued growth. If you are planning on moving office spaces, talk to a tenant representative about finding and securing a space that works for your business, employees, and goals. In the resources below, learn more about what is in your commercial lease and how to select a space that optimizes your success.

• Before you begin negotiations, gain a better understanding of the terms, clauses, and potential pitfalls of your commercial lease agreement. With this explanation of commercial lease terminology and the expert guidance of your commercial real estate broker, you can more strategically negotiate for your ideal terms.
• For companies expanding quickly, sufficient square footage can become a rare resource. It may be time to move into a larger space if limited square footage is impeding employee and operational productivity. While square footage standards vary across industries, this article can help you begin determining the amount of space you need in your new office.
• If you are searching for new office space, the design of the space can be as important as its location and amenities. This New York Times article explores how office design has evolved with an enhanced value on open spaces and collaborative environments.

For more information about commercial real estate, please contact Tom Pappas. As managing director at Studley, Inc., Tom specializes in strategic planning within the Denver market and develops real estate strategies to help his clients make sound commercial real estate decisions. Visit us online or call Tom today at (720) 259-1809.