by Michael Reilly The growing popularity of the coworking space has been a buzz of conversation in commercial real estate circles over the past few years, and it’s a trend that offers unique business opportunities for tenants, landlords and brokers alike. Coworking spaces are offices available on a membership or subscription basis that are mutually…
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By Bill Gunn While the Millennial generation is making its impact on commercial real estate, a new wave of technology companies also brings about new demands and expectations for buying and leasing commercial space. Many of these tech companies start small but can grow incredibly fast, which creates a problem when it comes to forming…
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When searching for a restaurant space to lease there are a few important things to keep in mind. The first is decide whether to lease or buy the space. Purchasing a building is a long-term commitment that is often reserved by restaurant owners with experience in the restaurant world or who have partners with…
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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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