Despite a significant increase in online trade in recent decades, many businesses still like to operate from headquarters. This could be an office building, workshop or store. Commercial real estate is typically owned outright or leased. Committing to either option...
No commercial property owner wants any of their spaces to remain vacant for long. Empty spaces mean lost rent. If you have a commercial property that’s largely retail space or a mixed-use property with office and retail spaces, your tenants often depend upon each...
The state of some cities’ downtown areas has been perilous for some time now. This wasn’t helped by the fact that many businesses encouraged or even required their employees to work from home or other remote locations beginning in 2020. The overall trend toward a...
Slowly but surely, electric vehicles (EVs) are becoming more common on our roads. The number of new EVs purchased in the U.S. quadrupled just between 2019 and 2022. That number is sure to rise significantly as we get closer to 2035. That’s when New Jersey will begin...
Falling behind financially is a very stressful experience. Those who don't have the personal resources to consistently fulfill all of their financial obligations often have to make rather difficult choices. They might pay their mortgage but let their credit cards fall...
Obtaining a commercial space that meets your business needs can be challenging. You must consider many things during your search for commercial property, such as: Location Size Price Lease terms Once you find a place that meets your needs, it is time to begin creating...
If you own commercial property in New Jersey with multiple tenants, what are your obligations to them if you sell the property? Whether it’s an office building, a shopping center or a mixed-use property, it’s crucial to understand your responsibilities under the...
Leasing commercial property is usually much more expensive than renting residential property. This is because commercial property tends to be much bigger and is intended for businesses. So when circumstances lead business owners to scale down, move elsewhere, or shut...
Owning a piece of commercial real estate in Passaic, New Jersey can be a significant achievement. But while ROI on commercial real estate can be attractive, this type of investment (like any other) comes with its share of risks. And this underpins the importance of...
If you have the capital available, you might be thinking about whether it’s a good idea to buy a piece of commercial real estate as opposed to leasing one. The answer will always be dependent on what’s right for you and what your wants and needs are. With pros and...
