Commercial Real Estate Education

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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

By: spaceselectors   June 18, 2019

Great Location Study: Iconic Building

A great location is in an iconic building. EVERY city in the world has at least one building that has local significance. It may be a church, a farmhouse, an office building, a hotel, an old department store, or, or, or. The key to finding a great and attainable location in an iconic building is luck. As of late, the word icon has been painfully overused, so much so, that I don't think that most people appreciate what an icon is. This isn't an English lecture, so don't worry, I won't defin

By: spaceselectors   June 18, 2019

Great Location Study: Capital City

A great location is in the state capital. Capital cities are fantastic for real estate investment. True, some capitals are clearly better than others. On a global basis, capital cities provide a floor for real estate values. Why is this the case? First and foremost, the capital of a country or a state isn't going away. Secondly, capitals mean the long-term existence of dozens of government agencies, offices and employees. In addition to those critical pieces of the puzzle, more often than

By: spaceselectors   June 14, 2019

Great Location Study: Covered Parking

A great location has covered parking. The only thing better than plenty of free parking is free covered parking. The shelter provides security and protection from the elements for the driver and the vehicle. Today, it's winter in Colorado. If a potential retail customer has to choose between two equidistant retail locations providing the same retail offerings, the covered location will nearly always win. When it doesn't, it's usually because the parking garage isn't well-lit, it's

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