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: 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

By: spaceselectors   June 18, 2019

Great Location Study: The Sun

A great location blocks the sun. Sunlight is nearly essential to life on earth. It isn't mandatory. In fact, there are some businesses that benefit from obstructed views of the sun. Ice cream shops, chocolatiers, art galleries and opticians are examples of retail outlets that would prefer NOT to have direct sunlight pouring into their shops. On the food and beverage side of things, sunlight brings heat. Heat makes ice cream and chocolate melt faster. In order to combat that natural force,

By: spaceselectors   June 18, 2019

Great Location Study: Business Growth

A great location accommodates business growth. One of the biggest challenges that we face in our business is convincing eager business owners (tenants) to take as little retail space as possible. Many tenants believe that their product or service is the absolute best and therefore mistakenly think that they immediately need a big space to accommodate the preordained success that is guaranteed to come. There are other tenants that really don't know how to determine how large their space should

By: spaceselectors   June 18, 2019

Great Location Study: Competition

A great location has minimal competition. There's no getting around it. Commercial real estate is a highly competitive, rewarding yet grimy business. There are incessant waves of influence that make it difficult for commercial owners and tenants to stay ahead of the crowd. There's nothing you can do to keep your competitors from entering the race. And while you and I are never say die types of people, fighting the good fight is exhausting! The type of 'fight' that we have to endure makes a di

By: spaceselectors   June 18, 2019

Great Location Study: On the Way Home

A great location is on the way home. A brownstone, a tudor, publically-assisted, assisted-living or a loft are all a few examples of what it means to have a home. To varying degrees, most of us leave our homes everyday heading to work, obligations, school or a day of leisure. We leave these coveted spaces knowing that we fully intend to return. The time in which we leave our homes has a lot to do with what we decide to purchase on the way to our destination. A more nuanced but similar deci

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