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Commercial Real Estate Education

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

By: spaceselectors   June 13, 2019

Great Location Study: Weather Climate

A great location has a great weather climate. Sunny destinations can be great locations from which to draw beach-oriented vacationers and residents. Snowy destinations can be great locations from which to draw winter sport enthusiasts and the thousands of needed support staff to make mountain-oriented destinations function properly. In all environments, the weather matters. It is obvious that for practical purposes, people want to spend time in the climates that they enjoy. Commercial loca

By: spaceselectors   June 13, 2019

Great Location Study: Near Great Schools

A great location has great schools nearby. Educational institutions are very important to the retail industry. From pre-K programs to doctorate programs, schools generate at least seasonal, if not regular, traffic to urban and suburban communities throughout the country. Schools attract students, teachers, support staff, guest speakers and many other people to their facilities at various times, for various reasons. The actual teaching that takes place is just the start. There are scholastic a

By: spaceselectors   June 13, 2019

Great Location Study: The Right Size

A great location is the right size. And they're off! It’s race for occupancy. The landlord is dropping the rental rate to make the net rent affordable to a tenant that is about to take 40% more gross leasable area than they need. Up ahead, the tenant is arguing vehemently with its operations group that the additional square footage will generate greater revenues that will justify a higher cost of construction. My answer to both approaches is, well, maybe. Making real estate deals is hard

By: spaceselectors   June 13, 2019

Great Location Study: Expectant Mother Parking

A great location has designated parking spots for expectant mothers. I never really understood it as a kid. How can a skinny bird carry a baby in its beak? Were I to get over that question, I then asked myself, how do the parents communicate with the bird and request a baby in the first place? The whole stork thing was too farfetched for me to believe. Now Fred starting his car with his bare feet? Sure! It is also certain that thoughtfulness goes a long way. Expectant parents may need the

By: spaceselectors   June 13, 2019

Great Location Study: Major Highway

A great location is near a major highway. I think it is great that more people are becoming less dependent on cars as their primary mode of transportation. There are many benefits to this simple act of sustainability. That said, there are over 275 million cars in the U.S. today and at least one vehicle can be found in over 91% of U.S. households. Americans drive. The places that Americans can drive to relatively easily, dare I say quickly, are the places that Americans like to go most ofte

By: spaceselectors   June 13, 2019

Great Location Study: Low Vacancies

A great location is in a low vacancy area. Scarcity means something. It could be that what you're looking for was only made in small quantities. It could be that what you're looking for was in such high demand that it was quickly gobbled up. In real estate, ultimately, great locations are very hard to come by. It is entirely possible that while you may have the capital to invest, or the perfect retail concept to fit the neighborhood where you want to be, there are literally zero properties av

By: spaceselectors   June 13, 2019

Great Location Study: Tourist Area

A great location is in a tourist area. Tourists are the amarena cherry, on top of the bourbon-glazed pecans, on top of the valhrona hot fudge, on top of the stracciatella gelato. You think you don't need them when everything else is great but when they show up, tourists turn great into fantastic. Too often, tourists get taken for granted. They bring a steady flow of revenue but yet they aren't properly appreciated. They're blamed for traffic congestion, a lack of available parking spaces,

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