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Northeast winters can be rough on your building’s exterior. Is your property ready for the elements of spring and summer? When spring approaches, you may want to start preparing your building for the conditions these seasons bring. It’s likely there will be something that needs repairs, or there may be improvements you want to make. By keeping up with routine maintenance during seasonal changes, you can save both time and money. Seasonal Property Maintenance Spring and summer bring varying temperatures…

There has been a lot of talk about opportunity zones lately and these headlines are catching the eye of many investors eager to tap into this market. As we continue to hear more and more about these new real estate ventures, we want to ensure you know everything you need to about these opportunity zones so you can make a qualified decision on this type of investment. What are Qualified Opportunity Zones? Qualified Opportunity Zones…

Given the summer we have had this could be a winter for the ages! NOW is the time to take ACTION. • Mid-September — Request Bids from Snow Removal Contractors – Consider a 3-year contract, service levels & pricing are normally better – Cheaper isn’t always better! – Do they have the right equipment to handle your property? – Can they get you open in time to serve your customers? – How will they protect your curbs and…

Buying Leasing + + Equity and Asset Appreciation Potential for Rental Income Control/Ability to Modify the Building Lower Long-Term Operating Costs Collateral for Business Development Reduced Upfront Occupancy Cost Potential to Expand & Contract Simplify Budgeting Opportunity to Finance Improvements in Lease Protect Against Market Value Losses – – Closing Costs on Aquisition & Disposition Capital Improvements (roof, parking lots, etc.) Zero Residual Value at Lease Termination Uncertainty at End of Lease Term   You…

Philadelphia Region Construction Design Trends The numbers above are based on buildings 100,000 SF and up. The information contained in this graphic has been obtained from sources deemed reliable, but no warranty is made as to the accuracy thereof. Certain information is forward-looking in nature and represents estimates of development timing and design, all of which are subject to change. All information is submitted subject to error and omission, as well as a change in…

We know leases can be confusing, we’re here to help! Below are 5 things to consider as you approach the expiration of your lease.   Be aware of any and all critical dates – Know the date of your lease expiration as well as the timing of any renewal option and/or notification periods. Don’t wait – Plan to begin the process no less than 9-12 months in advance of your lease expiration date or renewal…

Thinking about relocating your business? Here are a few things you should consider when selecting a site. Accessibility: “Location, Location, Location” Access roads; Can they support the volume of traffic your business needs or will off-site improvements be required? Also, toll roads can add cost to your employees & freight. Labor: Unemployment is reaching historic lows. That means tight competition, wage pressure and supply constraints. Consider the labor story when choosing your location. Utilities: Are…

SPEC construction continued to trend upward as Q1 2018 exceeded the prior year average by 20%. BTS construction sustained a steady rise as Q1 2018 kept pace with the prior year and exceeded 2016 average by 24%. For more information on the construction in the Philadelphia Region contact us today!

By Simon Prichard, Sr. Partner – Gerald Eve in LinkbyLee’s  London Calling While the Brexit shock and political instability have left the United Kingdom’s economy subdued compared to other major countries, the commercial property market has been setting new records. The demands on the nation’s top real estate advisors have increased dramatically. The result has been a boon for Gerald Eve, Lee & Associates’ European strategic ally, which was recently honored as ‘National Advisor of the…