It's the holidays in the office. It's time to get ready for bad sweaters, decorated cubicles and disconcerting "day after the party" stories. However, there are ways to enjoy the celebrations around the office without being a part of something that's discussed in your end-of-year review.
Office holiday survival guide
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under Office Space 2012 offers moderate growth, optimism in some markets
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under Commercial Real Estate Commercial real estate forecasts are predicting more of 2011 for 2012: slow recovery with pockets of activity worthy of optimism.
The Urban Land Institute is reporting that much of what will take place in 2012 is the start of a shift toward tighter geographic markets, that is, less sprawl and more urban infill. Transit-oriented development will become a notable market draw and higher end space within those corridors will command the attention of office users.
Tenants can control building energy costs
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under Commercial Real Estate News has surfaced after a recent white paper by The New Building Institute and Ecotope, an energy consulting firm, that commercial office tenants can have a greater impact on their energy costs than previously believed. More so, indicates the research, than initial building design.
Denver Tenant Representation A New Trend? Again?
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under Tenant Representatives Every once in a while we see a news article like this one proclaiming that "tenant representation" (like that, in quote marks) is a big new trend in commercial real estate.
We've been doing Denver tenant representation for a long time now, so we're not sure if it's good or bad that a reporter looks at what we are doing right now as a "trend."
Getting the Right Denver Office Space for Your Business
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under Office Space Companies, under the advisement of their exclusive tenant representative, are wise to evaluate the stability of the landlord of a potential new space.
There are protections that can be put into leases, like an SDNA clause (subordination, non-disturbance and attornment) but what can be done to better assess the quality of a landlord before you sign a lease?
Denver commercial real estate Cited as Top 10 Market to Watch by Urban Land Institute
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under Commercial Real Estate According to the Urban Land Institute's (ULI) survey "Emerging Trends in Real Estate", Denver commercial real estate is among the top ten markets to watch in 2011.
This positive forecast states that "Denver demonstrates 21st century growth by strengthing it's downtown core through a new light rail and railroad hub to serve surrounding suburbs". This transit oriented development will help to strengthen the commerical real estate market by expanding the housing and commercial market downtown and making real and easily accessible connections to the surrounding areas.
Denver Commercial Real Estate is Rebounding
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under Commercial Real Estate The Denver commercial real estate market continued to improve in the third quarter, according to a Market Trends report by commercial real estate firm Newmark Knight Frank Frederick Ross (NKFFR).
How Proposed Lease Accounting Changes Could Impact Your Commercial Real Estate
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under Commercial Real Estate In August 2010, the Financial Accounting Standards Board, or FASB, released a draft of what companies may be required to do to comply with new accounting standards and how those changes are going to impact companies that lease real estate, whether it be office, industrial or retail. This new standard will apply to all companies, big or small, private or public, that lease any type of commercial real estate.
More Transit-Oriented-Development will add to Denver Office Space
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under Commercial Real Estate More Denver Office Space is getting built by light rail stops.
RTD is building new light rail lines to Golden, and -- eventually -- DIA, but there's still a lot of new development going on by the existing light rail stops.
Denver's Most Valued Office Space Can Be Found on 17th Street
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under Commercial Real Estate Location, location, location.
When it comes to Denver Office Space, 17th Street is where it's at.
As this story explains, the financial district street is Denver's “Most Expensive Street for Office Space,” according to a report released earlier this month by Jones Lang LaSalle.
Boulder and Denver Office Space Gets More Technical
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under Commercial Real Estate The University of Colorado is planning $100 million in new Office Space and related facilities that will house a new geosciences center in east Boulder, and that could drive up rents all over the metro area.
According to a story in the Daily Camera, the plan is for one new building of about 83,000 square feet, and renovation of an existing building that has 280,000 square feet.
Even that may not be enough, as planning officials reportedly found that the university has a "space need" to build much more instructional and related space. The report said there's a "deficit of 258,788 square feet of instructional space and deficit of 448,858 square feet of research space."
Denver commercial real estate may change with Dow volatility
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under Commercial Real Estate The dramatic ups and downs of the stock market have put some investors into a spot where they are rethinking what portion of their portfolios they want to keep in anything related to the Dow or the Nasdaq.
The problem is that bonds and whatnot aren't doing very well, either, so they aren't that attractive of a place to park money outside of the stock market.
Denver Office Space Rents Going Up?
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under Commercial Real Estate The climate for tenants in Denver Office Space is complicated, and while prices for a particular building may go up or down, the level of complexity continues to go up and up and up.
But are the actual rents going up? The answer varies, or course, by the area in each city and suburb, and within those by the neighborhood and even the block.
Denver Tenant Representation Keeps Changing
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under Tenant Representatives Two items in the news recently reminded us that Denver tenant representation just keeps evolving as commercial leases just keep getting more complicated.
The first item was news that the infamous NORAD has moved out of it's home in Cheyenne Mountain near Colorado Springs. The base was built there to withstand any kind of attack. NORAD decided that the threat of an attack of that nature just wasn't so severe, so it moved out to a building at nearby Peterson Air Force Base.
Denver Office Space Rates Lowest Since 2008
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under Lease Negotiations What do 4.5 million feet square of office space on the market in downtown Denver mean for potential renters?
As we talked about here, owners are optimistic about Denver Office Space. This means prices may continue to rise in the short term, bringing rental rates with them.
Denver Office Space Rents Going Up?
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under Office Space The climate for tenants in Denver Office Space is complicated, and while prices for a particular building may go up or down, the level of complexity continues to go up and up and up.
But are the actual rents going up? The answer varies, or course, by the area in each city and suburb, and within those by the neighborhood and even the block.
But are the actual rents going up? The answer varies, or course, by the area in each city and suburb, and within those by the neighborhood and even the block.
Big Name in Denver Commercial Real Estate Still a Mile High
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under Lease Negotiations We pay attention to all aspects of commercial real estate in Denver. Every building is unique, of course, but to paraphrase Animal Farm, some buildings are more unique than others!
There is, after all, only one Mile High Stadium.
There's only a small percentage of commercial real estate structures in any city that even have a name that's different from the address, and even fewer where businesses pay real money to get that name added to a building.
Big Changes Ahead for Denver Commercial Real Estate
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under Office Space Nearly 1/5 of downtown Denver office space is up for sale and that’s a good thing. 4.5 million square feet of Denver commercial office space in seven buildings is on the market. Denver’s great quality of life and big improvement projects have caught the eye of national investors and the Denver commercial real estate market is becoming very attractive.
How to Choose the Best Location for your Denver Business
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under Lease Negotiations When deciding where to locate your Denver business there is more to think about than a nice building or the length of your personal commute. Where you locate your business can play a large role in its success. The Denver commercial real estate market stretches over a large area and is comprised of many different business districts. Here are five questions to ask that will help you choose the right Denver commercial location for your Colorado business.
Eight Reasons NOT to Work from Home
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under Office Space Telecommuting—working from home—has become very popular in recent years. Many Denver small businesses or solo entrepreneurs have decided that working from home seems like the ideal way to combine family life and business success while saving on their Denver office space.
Moving Your Business from the Den to Downtown Denver-- What You Need to Know
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under Office Space You’ve established your own business and its doing well. So well, in fact, that you’ve outgrown the spare bedroom or the dining room table. It’s time to begin considering your options.
How do you know when it’s time to move your home-based business out of the house and into a commercial office space and what do you need to know for a successful transition?
Denver Commmercial Real Estate Transactions with Tenant Representative
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under Lease Negotiations The following are some of ProTenant's most recent real estate transactions. We are grateful for so many great Denver businesses who have trusted ProTenant to be their tenant representative in their commercial real estate transactions.
Denver Commercial Real Estate Market Conditions Demand Exclusivity in Representation
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under Lease Negotiations The last few years have been challenging for many of Denver’s largest commercial real estate companies. Mergers are common and brokers are changing teams like an NBA off-season.
Providing stability to the market, boutique tenant representation firms such as ProTenant have been able to weather the lack of leasing activity because of their ability to provide clients with ongoing real estate strategy in reaction to the market, providing value beyond the lease transaction.
In contrast, large full-service companies are now looking inward to address the mounting challenges of their largest profit center: landlords. In fact, most Denver full-service real estate companies realize 80 percent of their revenue from their landlord clients.
Unique market conditions often demand that companies re-examine their operations. Naturally, business real estate is essential to that process. Unfortunately, outside of direct transaction involvement, full-service firms rarely offer the type of pro-active and non-conflicted insight office tenants require when making real estate decisions. Thus, when seeking a new Denver corporate real estate services provider, companies are better served by working shoulder-to-shoulder with a professional that exclusively represents tenants.
Why You Need a Denver Tenant Representative
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under Tenant Representatives So, you’re either starting a new business or you’ve outgrown your old space and it’s time to move. How do decide where to locate your office with all the commercial real estate available in Denver? The Denver metro area is very large and has many different business “districts.”
There are many factors to consider when looking for office space in Denver. Commercial real estate can be very complex. Spending the time you need to understand the entire leasing process and all of its financial and legal nuances may take considerable time away from what you do best—running your business and making money.
8 Questions to Consider Before Moving Your Business
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under Office Move Moving a business is a big decision. Not only can it be costly in terms of money, but a business move can impact employee morale, business growth and customer acquisition/retention.
Buying or leasing Denver commercial real estate is a big commitment and investment. You want to be sure you are locating your business in the Denver office space or industrial space that will give you the best possible business advantage.
Proposed Lease Accounting Changes Could Impact Your Business In A Major Way
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under Office Space The Financial Accounting Standards Board (FASB) on August, 17, 2010 released their "exposure draft" requiring companies to record nearly all leases on their balance sheets as a "right to use" asset, and a corresponding "future lease payment ? liability". What does this mean to your business in layman terms?
This proposal in essence does away with operating leases; all leases (unless immaterial) would be capitalized using the present value of the minimum lease payments. Therefore, businesses who in the past had off?balance sheet lease obligations, must nowrecord these obligations on their balance sheet.
10 Commercial Real Estate Terms You Don't Have to Know
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under Lease Negotiations If you don't have a Denver tenant representative watching over your best interests then you should learn the following commercial real estate terms well before your next lease negotiation otherwise you will not get the best deal on your commerical real estate property. If you are not a professional lease negotiator with years and years of experience then get to know the following terms well. Otherwise use the professionals at ProTenant to save up to 20% on your next lease negotiation. We represent you and not the landlord, so we have your best interests at hear.
Getting the Most out of a Changing Commercial Real Estate Market
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under Tenant Representatives The Denver Real Estate market is constantly changing. While the Denver commercial real estate market seems to have stabilized, finding the right space is still a challenge. There are many factors to consider in selecting space for your business. You need to find a location that is appropriate for your business’ operations. Manufacturing and warehouse businesses have very different space needs than a retail operation or a “white-collar” business such as a law or CPA firm. Next you need to find a location that will be convenient for both employees and customers. Law firms may need to locate near the courthouse; a manufacturing firm should consider ease of delivery of their raw materials. Retail operations need to locate where their customers are. Choosing the right business location can be a daunting task.
8 Steps to Making a New Office Space Move without Losing Your Mind
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under Office Move There comes a time in the life of most businesses that some sort of corporate relocation becomes necessary. Whether it’s moving to a larger office space, purchasing your own piece of commercial real estate or relocating to a more suitable location, moving a business can be a complicated process. Beyond just finding the right space in Denver’s commercial real estate market, a business move can involve everything from printing new stationery to accommodating employee commutes.
Signs of Recovery Shouldn’t Alter Denver Leasing Practices
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under Lease Negotiations One of the most prevalent drivers of our economy in the last three years has been the collective uncertainty of the business world. It doesn't have its own metric or symbol on Wall Street but it nevertheless factors into countless decisions made in offices around the country every day.
How to Become a Denver Commercial Real Estate Advisor
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under Tenant Representatives Have you ever dreamt of becoming a Denver commercial real estate advisor? If this is the case, you can be sure that you can easily become anything you wish to become. It starts with desire. All you need to do with the desire is to seek for a way to carry it through. This blog post will open your eyes to stuffs you need to get good grasp of before you ever make attempt to begin your climb to the top as a commercial real estate advisor. All I request for is that you will be patient enough to read through every word written here; since they are put together to get you properly informed about your greatest wish on earth; becoming a commercial real estate advisor.
Using a Denver Tenant Representative to Find The Right Space For Your Company
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under Office Space Deciding where to locate your company’s offices can be a complex process. Whether you are moving to a new Denver office or establishing an office for the first time, locating a business involves many factors. From size and ease of access to the image you need to convey, where you locate your business can play a large part in determining its success.
Denver Landlords Prefer to Work with Tenants Directly
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under Lease Negotiations Denver Commercial property landlords generate the majority of their income by collecting rent from tenants. They are overwhelmingly a collection of straight-forward business owners providing a valuable product to the business world.
In contrast, Denver commercial office tenants look for ways to keep occupancy costs low and their physical space as productive for business as possible. Thus, it's critical that tenants weigh every real estate decisions against their bottom line. In doing so, they should hire and maintain experienced tenant representation.
Affordable or Not, Too Much Office Space Is Never a Good Thing
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under Office Space One of the most prevalent drivers of our economy in the last three years has been the collective uncertainty of the business world. It doesn't have its own metric or symbol on Wall Street but it nevertheless factors into countless decisions made in offices around the country every day.
Now that some signs of positive growth have matured from one-month anomalies to multi-month trends, some may feel that the weight of uncertainty is starting to lift. Nevertheless, it is critical that decisions about Denver corporate office leasing remain closely tied to your business' performance, not an economy that may be slowly awakening. You still must consider your future needs to expand or contract and have a strategy in place for each of those scenarios.
How to Select the Best Denver Representative for Your Lease Transaction
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under Lease Negotiations Denver business space users have two options when considering hiring a leasing representative. They can work with an exclusive tenant representation firm or a full service commercial brokerage. Both can offer experienced staff and support, although you must consider this: Corporate real estate decisions should never be subject to conflicts of interest. However, that is what often occurs when representatives from full-service commercial real estate companies assist prospective tenants.
Lease Terms Deserve Thoughtful Consideration
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under Lease Negotiations Denver Companies looking to expand or renew in today's tenant-favorable office market should not jump too quickly at all the great opportunities and concessions. It is critical to step back and analyze how the length of a lease term will impact your operation.
Planning for the Office Move
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under Office Move There is no under-estimating the importance of careful, long-term business planning when relocating a company. But what about when it comes to planning for the actual move? It is critical that in the months while planning an office relocation that decision makers formulate a plan as equally well-orchestrated when it's time to temporarily halt operations and head to the new office.