1. Cost Savings: Often times sublease spaces come at a lower cost compared to leasing directly from the property owner. The Sublessor is likely willing to offer a discounted rate to recoup some of their expenses. 2. Flexibility: Subleasing arrangements can be more flexible in terms of lease duration compared to traditional leases. This can be beneficial for businesses that require short-term or temporary storage solutions without committing to a long-term lease. 3….
The Impact of an Office Design on Employees
When it comes to reducing employee absenteeism, promoting health and wellbeing and boosting workplace productivity, having an effective office space is key. Factors like layout, lighting, furniture and technology can make all the difference. Discover the impact of office design on employee performance and how you can create a better work environment overall. Types of Office Design Trends Certain office layouts are better suited for some industries and work environments than others. Let’s look at…
Questions to Ask Yourself Before Signing a Lease
Signing a commercial lease can be an involved process. There are a few essential questions to ask yourself and research before you commit. In this FAQ about signing a lease for a commercial property, you’ll get all the information you need to consider before you sign and tips for choosing the right agreement for your business. 1. Are You Building for the Future? Before signing a commercial lease, analyze your company’s growth trends. Commercial leases…
The Hidden Value in Commercial Parking Lots
If you are a new commercial real estate investor or business owner, your property may be an overlooked asset. Industrial lots are essential for businesses, making them also essential to investors. An industrial outdoor storage yard allows e-commerce companies and other growing industries to store and ship their items more efficiently, making them an exciting opportunity for businesses and investors. In this article, we’ll dive into the investment opportunities associated with Industrial Outdoor Storage Yards. Using Parking…
5 Benefits of a Sale-Leaseback
[Updated August 18, 2021] If you own a commercial property and want to expand or you need capital to invest in your business, you may want to consider a sale-leaseback. A sale-leaseback occurs when a property owner sells a property but continues operating it by leasing the property back from the new owner. A sale-leaseback deal can offer advantages to both the seller and the buyer, or the lessee and the lessor, respectively. If you are a seller, you can enjoy the following sale-leaseback benefits. 1. Access to Capital As the seller,…
Banner 2019 for Lee & Associates Prompts Promotion of Senior Agents
Pennsylvania – March 16, 2020 – Lee & Associates announces the promotions of two senior professionals in its Eastern Pennsylvania office. Patrick Lafferty II and Eric Zahniser were each named Vice President moving into 2020. Mr. Lafferty II, is an industrial agent representing tenants and landlords in the greater Philadelphia region with a concentration on the I-95 and I-295 corridors in both Pennsylvania and Southern New Jersey. He is known for providing his clients with…
Lee & Associates of Eastern Pennsylvania: Transaction Update
TRANSACTION UPDATE Lee & Associates of Eastern Pennsylvania agents, Brian Knowles, SIOR, CCIM and Eric Zahniser represented Joshen Paper & Packaging in the lease of an approximately 25,202-square-foot industrial property in Wind Gap, Pennsylvania. The landlord was represented by NAISummit. Brian Knowles, of Lee & Associates, brokered two lease renewals at Riverside Business Center in Whitehall, Pennsylvania. The leases totaling 74,449-square-feet will keep Riverside Business Center fully leased. For more information, please contact Megan Murray…
What’s Trending in CRE?
Keeping up with the latest CRE trends can be daunting while trying to run your own business. We’ve put together a short list of topics trending in the commercial real estate world to keep you current. Continued Growth in E-commerce: In 2018, according to the US Commerce Department, E-commerce sales totaled approximately $517B and accounted for over 14% of all retail sales in the United States. E-commerce sales have grown at an average of 15%…
Lee & Associates of Eastern Pennsylvania: Transaction Update
TRANSACTION UPDATE Lee & Associates of Eastern Pennsylvania represented Matrix Development Group in the lease of their 1.2MM square-foot building at 4532 United Drive, Shippensburg, PA. John Van Buskirk, SIOR, Joel Kreider, SIOR and Ed Skonecki brokered the deal with tenant rep., JLL to bring the tenant into the full building lease. Brian Knowles, SIOR, CCIM, of Lee & Associates of Eastern Pennsylvania represented both the landlord and tenant in the pre-lease of 2505 Hollo…