By Callan Sherrod If you’re contemplating relocating your company to a new office or renovating your existing space, you may be wondering about what type of design elements to consider that accurately reflects your company culture and office environment, while adhering to the latest trends. While there’s no one-size-fits-all option, our latest blog lays out…
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By Philip Currie As we approach the New Year, our team analyzed trends and stories that shaped Birmingham’s commercial real estate industry in 2016 and identified what we can expect in 2017. Commercial Real Estate 2016 Recap An early wave of momentum kicked off 2016 for the commercial real estate industry, which maintained steady growth…
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For many business owners, the process of purchasing a building can feel overwhelming, confusing and complicated. In our latest blog, we highlight the most important factors to consider when searching for a commercial real estate property. Timing Ideally, you should begin the building acquisition process 10-12 months from when you want to occupy the building,…
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Over the past several months, we were thrilled to join together to support organizations around the Birmingham area. We had the opportunity to participate in several community events that supported local non-profits and also gathered the Birmingham corporate community together. Birmingham Corporate Challenge In July, our team participated in the inaugural Birmingham Corporate Challenge, presented…
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By John M. Hardin, vice president, office sales and leasing, CCIM In today’s competitive commercial real estate market, it’s important to make the most of your building asset when preparing to sell. Investing in some minor improvements and paying close attention to details can increase the value of your building, set it apart and quickly attract…
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By Michael Reilly The classification of office space can often leave potential renters or buyers puzzled as to which type of office space is best for their business. Many factors affect how an office property is classified, including the age of the building, technological capabilities, location, efficiency and market perception – all of which…
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Several noteworthy transactions in Q1 have proven 2016 to be successful thus far for Birmingham’s commercial real estate industry. The first three months of this year have seen numerous large-scale transactions including Southern Company Services’ lease of 670,000 square feet in the Colonnade South and Colonnade North buildings, HealthSouth’s corporate headquarters’ planned relocation to a…
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The difference between usable square feet and rentable square feet can be a point of confusion for commercial real estate tenants. Rental rates for office spaces are generally listed with more square feet than the actual occupied space. It is important for any business owner to know what is included to assure you get the…
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By Philip Currie Whether you’ve outgrown your current space, or just need a change in location, finding the perfect office for your business is no small feat. Much time can be spent, and subsequently wasted, by touring facilities and researching properties without a clear understanding of what’s needed in your new space. Before beginning the…
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2015 proved to be an exciting year of growth for commercial real estate. Sales of income-producing properties were the highest since the financial crisis of 2007, and a multitude of economic factors contributed to a strong year of robust CRE industry development. While some naysayers claim the trajectory of CRE advancement is destined to stabilize…
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