×

Commercial Real Estate Education

Space Selectors has been created to offer you a simple and customized commercial real estate search.

By: spaceselectors   June 18, 2019

Great Location Study: Bus Stops

A great location is adjacent to a bus stop. Public transportation is vital to the economic success and stability of every city in the U.S. The combination of light rail, subway systems and buses provide people with extremely valuable and affordable travel and commuting options. And while some cities don't have an above-ground train system, like 'the L' in Chicago or an underground subway system like the 'Metro' in New York, nearly all major U.S. cities have a public busing authority. Most

By: spaceselectors   June 18, 2019

Great Location Study: Landscaping

A great location is well landscaped. Employees and customers are much happier spending their time working or shopping in a great location that includes a nice environment. It is normal to think that the interior space is most important. It's understandable that people believe that since employees and customers will spend a great deal of their time within the interior of a commercial space. Even if that's true, prudent investment in exterior spaces can yield significant tangible returns to a l

By: spaceselectors   June 18, 2019

Great Location Study: Ingress/Egress

A great location has great ingress/egress. The only thing worse than not being able to get somewhere that you want to go, is being stuck somewhere that you want to leave. I've felt trapped too many times at a restaurant after a fantastic meal when it takes the waiter more than ten minutes to bring the check after they've cleared the plates from our cheese service. What is taking so long???!!! It's almost as bad as waiting for 15 minutes on the front in when you've made a reservation. Custo

By: spaceselectors   June 18, 2019

Great Location Study: Visibility

A great location has great street front visibility. If they can see it, they will come. That may not always be true but great visibility increases your chances. Without a doubt, there is a huge cool factor when you are introduced to a great restaurant, speakeasy, interior design firm, jerk chicken shack or lobster roll place that is in some out of the way, obscure location. Personally, I love finding great retailers tucked away in the midst of an industrial district a few blocks away from

By: spaceselectors   June 18, 2019

Great Location Study: Well Merchandised

A great location is well merchandised. There's a national chain of ice cream stores that offers over 30 flavors. The chain generally has friendly staff, good, not premium ice cream, there's no 'fro-yo', no gelato, but without a doubt, it is one of America's historically recognizable brands. What has made it so successful? At the retail district, shopping center and individual store level, merchandise selection is supremely important to long-term success. There was a time in the U.S. when m

By: spaceselectors   June 18, 2019

Great Location Study: Environment

A great location has a clean environmental record. Environmental clean-ups are expensive. Not only that, causes of environmental damage are highly contested and politicized. Real estate is hard enough without adding another issue that may harm or alienate your employees, investors, neighbors or tenants. It is important to find a title company and a real estate attorney that understand how to complete thorough due diligence during the acquisition of commercial real estate properties. The ad

By: spaceselectors   June 18, 2019

Great Location Study: Fixed Rent

A great location has fixed rent. Rent that is fixed like cement makes locations great for retail tenants. Fixed rent is not ideal for landlords. That said, fixed rent still brings landlords meaningful benefits. For tenants, it is much easier to settle into a groove if they only have to withstand the variations of insurance, utilities and tax expenses from the landlord. Adding an annual increase in rent to the equation makes long-term tenancy more difficult, especially for small independent

Commercial
Real Estate

#
shares