5 Sure-Fire Ways To Add Value To Your Commercial Property

Whether it be an office block, a shopping center, or a leisure facility, investing in a commercial property can be exceptionally lucrative. Particularly if you find effective ways to add value, the potential return on your investment can be enormous. Be careful, though. Not all renovations can be considered upgrades, especially given that some can

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Businesses invest in golf simulators, wine tasting + free honey to lure workers back

Businesses are investing in more upscale workplaces in an effort to lure workers back to the office. They’re looking to buy more spacious premises with amenities and perks such as custom-built lounges, games rooms with ping-pong tables and foosball, outdoor areas including spaces with fire pits for diners. They’re also looking to renovate existing premises

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Commercial real estate sector sees record sales in Q3

The commercial real estate sector was initially left reeling in the early days of the coronavirus pandemic as businesses shut up shop and vacated their offices. But now, it’s rapidly bouncing back, with investors snapping up record amounts of commercial real estate during the third quarter. Surprisingly though, the Wall Street Journal reports that it’s

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Google buys New York office building for $2.1B amid campus expansion

Google said it’s going to splash out $2.1 billion on a New York City office building even as it moves towards a permanent, “hybrid work” approach that will see many of its employees work remotely much of the time. Google’s purchase of the St. John’s Terminal building in Hudson Square, Manhattan, is the largest price

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Retailers are bouncing back and looking to expand with new store openings

The American retail sector is back in business and many companies are in expansion mode. According to a report from RetailSphere, a provider of retail analytics, there are more retailers who are planning to open new stores this year rather than close existing premises. The news of a rebound in retail follows a tumultuous 2020

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Terraces are becoming an essential fixture for office buildings

Outdoor space has become a must-have in the commercial real estate sector, and now office buildings are increasingly adding terraces as a way to provide that so they can convince people to come back to work. You may get in touch with a commercial construction consulting firm to inquire about the features like terraces you

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Uncertainty over the return to work boosts co-working spaces

Businesses seeking flexible short-term office solutions are showing greater interest in co-working spaces as the fast-spreading COVID-19 Delta variant causes uncertainty over plans to return to work. Some of the major companies snapping up co-working spaces are in the technology sector. The Wall Street Journal reported tech firms are signing contracts for so-called “hot desks”

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Mall traffic rebounds to pre-COVID levels as shoppers return

Shopping malls in the U.S. are seeing foot traffic return to close to pre-COVID-19 pandemic levels amid what analysts say is a surprising turnaround for the industry. Indoor shopping malls were hard hit during the pandemic as shoppers chose to stay at home rather than venture outside. And with the rise of e-commerce and curbside

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Warehouse demand grows rapidly as online commerce explodes

The ongoing COVID-19 pandemic has led to massive demand for warehouse space as e-commerce firms ramp up their operations in a bid to deliver their products to consumers faster. That’s according to the latest Industrial Tenant Demand Study from commercial real estate services firm Jones Lang LaSalle IP, Inc., which forecast that demand for logistics

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Short-term vacation home bookings are rising fast

Vaccination rates are rising and with it, many states are seeing a rise in short-term vacation home bookings as people look to embark on long-awaited getaways this summer. “This is probably contradictory to what a lot of people may think, but it’s really one of the most exciting times in the industry right now,” Carrington

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