When selling your commercial real estate asset, you want to get the best deal possible. For most people, this means getting the highest price possible. But what happens when offers don’t come in, and when one does, it’s well below asking price? Is it smarter to wait and hope a full price offer comes in eventually, or do you take the lower price to get the asset off your hands? Obviously, this will be a different calculation for everyone, and will change depending on a number of different factors. But you should be aware of the potential cost of delaying accepting offers. You may spend more money holding onto your asset hoping for a better price, so when that better offer does come in, you may not actually net more money. Here’s a few ways hanging onto that asset could be costing you:read more
April 29, 2021
With the pandemic sending us all home to work, the original two-week plan has turned into over a year at home, and many companies are probably wondering the same thing: do we need an office anymore? There are benefits to both, and every company will have different calculations. And before returning to in person work, companies should take health and safety seriously, allowing for more sick days, increasing cleaning and changing air filters, and allowing more working from home options. But a physical office space will always play a role for many companies. We’ve outlined a few benefits for having an office space below as you continue to create your return-to-work plan.read more
April 8, 2021
Commercial leases are not standardized you need to know what to negotiate on and what is reasonable.
There is a common misconception by some that real estate brokers are but mere “space finders” for tenants and buyers in the market, and that once the ideal property is located, the process is mostly completed. In this DIY age that we live in, and the increasing access to online real estate listings and information, the temptation to go it alone has never been greater. Here are seven reasons why hiring a tenant rep broker is in your best interests, especially in the market we are currently working in.read more
February 22, 2021
The most recently announced development project is the redevelopment of 801 North Fairfax Street in Old Town North. While it’s still early in the project schedule, here’s all we know so far.
801 N. Fairfax St.:read more
February 19, 2021
Citizens of Alexandria will be happy to hear about the biggest development recently announced in the city. Landmark Mall, a once thriving site in Alexandria, has since fallen into disrepair and vacant spaces. Now this space, most recently known as a filming location for Wonder Woman, has big plans.
Landmark Mall:read more
February 17, 2021