Industry Insights by Team Rokos
Discover the latest in industry trends, tips and best practices with original articles authored by the Rokos staff.
Finding the Ideal Office Location to Attract Employees
Embarking on the journey to find the ideal office location is a pivotal step towards ensuring the success of your business. In this streamlined guide, we will explore the top four considerations for finding the perfect office location to meet your unique needs.
Navigating the Lease Renewal Process
As the expiration date of your office lease approaches, the prospect of lease renewal brings forth a myriad of considerations for commercial tenants. Securing the right office space is crucial, and approaching a lease renewal requires a strategic mindset.
Rethinking the Commute
The conventional office space is no longer a mere destination; instead, it has become a crucial factor that companies are grappling with in today’s competitive market. As businesses strive to entice their workforce back into physical workspaces, the focus shifts towards creating an appealing and satisfying workplace experience.
Navigating Spec Space Costs
The allure of spec spaces is undeniable. These finished-out suites serve as powerful tools for landlords to market and promote their buildings to potential tenants. However, the question arises: Should tenants bear the expenses?
How to Find the Best Warehouse Space
Not all warehouse spaces are created equal. When looking for space, there are numerous factors to consider in the site selection process to ensure business efficiency. These factors include labor, accessibility, and functionality.
Hidden Costs in Your Lease: HVAC Maintenance
When negotiating and evaluating your lease, it’s important to be informed of all potential pitfalls and hidden costs that may arise. For many leases, one of these hidden costs is the repair and maintenance of your HVAC system.
Hidden Costs in Your Lease: Relocation Clause
Many business execs are unaware that their rented space and the total square footage can change during their term, affecting business costs. So how do you avoid these potential snares? Negotiate.
Top 5 Reasons to Hire a Tenant Representation Broker
Signing a lease for office/warehouse space is a significant financial commitment. Tenant representation brokers guide you through the process and are an excellent resource for any business leasing or buying space.
Mid-Term Lease Strategies for Optimizing Your Space
Business needs can change, which may be an issue if you are in the middle of a lengthy lease term. Fortunately, there are several strategies that your business can consider if you find yourself long (or short) on space.
Strategies for Renegotiating Your Lease
While a lease is “written in stone”, everything is ultimately negotiable. So, how can you amend your lease after it has been executed to help meet your changing business needs? Here are a couple of tips we would recommend.
Differences Between Local & National Tenant Rep Firms
Before committing to work with a broker, executives must first ask themselves which type of real estate firm is going to benefit them the most. This is where they must decide if they should work with a local shop or a national firm.
How Your Tenant Rep Broker is Paid
One of the most common questions asked by business owners looking for commercial real estate is, “How exactly does a tenant representation broker or commercial real estate agent get paid?”
With Downtowns Half-Empty, Will CRE Taxes Rise?
Vacant office buildings have been perceived as a landlord-only problem; however, the decline of the American office may have a ripple effect that financially impacts CRE tenants, and increasing property tax is to blame.
The Medical Office Investment Market
The medical office market continued to thrive in 2021 and into 2022. The sector set record highs for sales volume in 2021. Transaction volume and investment activity are strong indicators of the strength of any asset class.
Leasing Trends – Flight-to-Quality Office Space
In order to lure back staff, executives and business owners are working hard to turn the office into a place employees really want to be. With these new goals in mind, we’ve seen a new trend emerge: the flight-to-quality office space.
The Great Resignation & Your Office Space
The Great Resignation started in early 2021 when a record number of Americans began quitting their jobs. This wave of resignations is forcing execs to reevaluate how they use their real estate to attract and keep talent.
Healthcare Focuses on Retail Delivery
Brick-and-mortar retail has been struggling since the onset of COVID-19, providing an increase in vacancy as well as a unique opportunity for healthcare services looking to capitalize on motivated retail landlords.
How Commercial Real Estate Is Valued
Like most investments, valuing a commercial real estate asset is both an art and a science. But if you believe this valuation process to be similar to valuing your home, you’d be surprised to find out that it is, in fact, quite different.
Minneapolis Mid-Year Market Update
The pandemic turned major office districts into ghost towns. Now, the Minneapolis market is providing a glimmer of hope to both landlords and those hoping to see downtowns return to their former vibrant state.
E-commerce and Rising Industrial Rates
The industrial market has seen significant growth in recent years. With the onset of the COVID-19 pandemic, the demand for warehouse space increased dramatically with the rise in e-commerce being a major contributing factor.
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