Commercial Real Estate Education

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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

By: spaceselectors   June 14, 2019

Great Location Study: Growth

A great location inspires growth. So many aspects of personal and business life are improved when things are abundant, obvious and clear. As it is with demographic and economic growth and real estate. WARNING - All growth is not created equal! Don't chase it. Marrying growth indicators with an investment strategy or a product offering is more often demanding than it is effortless. The right entry point for a landlord to acquire retail dirt for development may need to be 4-7 years before th

By: spaceselectors   June 14, 2019

Great Location Strategy: Dare to Be Different

A great location brings something different to the area. Cookie cutter. Same 'ol, same 'ol. Tried and true. GREAT sayings...some of the best. I triple-dog-dare a landlord or tenant to embark on a new retail initiative with (another fan favorite) a status quo commercial offering in 2019. The outcome won't be pretty for long. Sure, you or I can point to projects or neighborhoods that have achieved a modicum of success with an expected or familiar strategy. It's not that putting a proven plan

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