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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As we prepare for the upcoming year, there’s no better time to reflect on the industry trends that shaped commercial real estate in 2015. The nation’s recovering economy, growing millennial workforce and ever-changing consumer preferences are just a few of the many factors that played a role in transforming CRE. Take a look at four…
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By Callan Sherrod The millennial generation – those born between 1981 and 2000—currently represents 38 percent of the work force. Office, industrial and multifamily sectors will all likely be impacted by the desires and demands of this fast-paced generation. There have been several conversations surrounding the power that millennials will have on the workplace as…
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Paulk Turner, Director of Appraisal and Valuation Services at J.H. Berry & Gilbert, Inc., recently earned the prestigious MAI designation from the Appraisal Institute, indicating his expertise in the field of valuation of income-producing commercial properties, including retail, office, industrial, institutional, multi-family residential and vacant land. The MAI designation provides tangible evidence of Paulk’s ability…
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As an active member of the Birmingham community, we were thrilled to have the opportunity to participate in local organizations’ community events over the past few months. Most recently, team members enjoyed supporting the Alabama Wildlife Federation in the Wild Game Cook Off and hosting our own friends and family at the J.H. Berry Dove…
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By John Hardin When looking at commercial real estate, the almost never-failing question for a business owner revolves around whether to lease or buy property to fulfill office space needs. While the answer is different for each individual company, there are a few things to keep in mind when considering these two options. Growth How…
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By Edwin Moss With e-commerce giants like Google and Amazon expanding services globally, it is inevitable that the commercial real estate industry will evolve to support these operations. According to a study from CMO.com, online retail sales were $231 billion in 2012 and are expected to reach $310 billion in 2017. While many businesses are…
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By Philip Currie Buying or leasing commercial real estate can be a complex process. As a business owner, you want to protect your company and make the best financial decisions, but your expertise most likely lies in a different market. For experienced brokers and tenant representatives, commercial real estate jargon is used every day, but…
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