Blanca Commercial Real Estate’s Post

Those who list distressed or high-vacancy office properties are sometimes trying to sell them as potential conversions to apartments, self-storage facilities, and even entertainment venues. The shift represents a new level of eagerness to build interest in these properties that may be older, face pressure from lenders, or have nonexistent leasing activity: #commercialrealestate #conversion #multifamily #realestate

Are you looking to move your business to a new commercial space? Do you know exactly what features would be in your perfect building? There are a lot of great properties out there but don’t be discouraged if they don’t have everything you need in the state you find them. You have room to build your ideal commercial space in the current market. Tenant improvement allowance, funded by your landlord, will give you a budget to make specific, agreed-upon alterations to the building. That way, you won’t need to go on a wild goose chase to find a property that checks all of your boxes. If you are familiar with the tenant improvement allowance and you come prepared to negotiate, there is no limit to what you could get. Read Full Article: https://hubs.li/Q02tjCTj0 #CRE #TenantTips #TenantImprovement #TIA #CorporateRealEstate #Office #TenantRep Learn More: https://hubs.li/Q02tjDTJ0 Looking to Find Your Next Office Space? Watch Our Free Video Course: https://hubs.li/Q02tjNgj0 Follow Us For More CRE Tips: Facebook: https://hubs.li/Q02tjFDd0 YouTube: https://hubs.li/Q02tjD8-0 LinkedIn: https://hubs.li/Q02tjP7x0 Instagram: https://hubs.li/Q02tjDj_0

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In CRE Outlook, Office Sees a Longer Recovery, Multifamily in High Demand, Retail Rebounds Contact me to discuss the latest scoop in real estate! #luxury #condo #land #house #sellingahouse #home #house #realtor #property #realestate

188 Avenue Rd. is an 8300 sq. ft office building for sale minutes from Yorkville, the Mink Mile and Downtown Toronto. Zoned Commercial-Residential the building has incredible potential for many uses. Doctors, lawyers, accountants, fashion, retail and more can all call this building home. This 3-story building was completely renovated in 2002 and features a rare 12 parking spots and rooftop deck. Located just north of Davenport on Avenue Rd. this prestigious location is for business owners looking to make a statement and be in close proximity to the some of the city's most affluent neighbourhoods and businesses. It's very rare that a building of this size, with over 53 ft of frontage on Avenue Rd. becomes available, in fact its the first time in over 22 years this building has been listed for sale. Here's the hidden potential that many overlook. This property sits on a prime potential development site. With a 20-story building completed to the south and a proposed 35 story development at the corner of Avenue & Davenport, Avenue Rd is being redeveloped for greater density. Imagine owning your own building, stop paying rent, benefit from appreciating property values over time and knowing that one day a developer will come knocking on your door and may be ready to pay a premium price for your property. If you're looking for a new home for your business check out www.188avenuerd.ca or send me a message for more information. #torontorealestate #investmentopportunity #Officebuilding #hiddenpotential

Are you looking to move your business to a new commercial space? Do you know exactly what features would be in your perfect building? There are a lot of great properties out there but don’t be discouraged if they don’t have everything you need in the state you find them. You have room to build your ideal commercial space in the current market. Tenant improvement allowance, funded by your landlord, will give you a budget to make specific, agreed-upon alterations to the building. That way, you won’t need to go on a wild goose chase to find a property that checks all of your boxes. If you are familiar with the tenant improvement allowance and you come prepared to negotiate, there is no limit to what you could get. Read Full Article: https://hubs.li/Q02jDBfG0 #CRE #TenantTips #TenantImprovement #TIA #CorporateRealEstate #Office #TenantRep Learn More: https://hubs.li/Q02jDyZq0 Looking to Find Your Next Office Space? Watch Our Free Video Course: https://hubs.li/Q02jDt9d0 Follow Us For More CRE Tips: Facebook: https://hubs.li/Q02jDpJF0 YouTube: https://hubs.li/Q02jDzFn0 LinkedIn: https://hubs.li/Q02jDqpv0 Instagram: https://hubs.li/Q02jDp4x0

I recently revisited a 2006 New York Times real estate article, that, despite its age, holds relevant strategies for today's market, particularly in times of a perceived weak office leasing environment. The article highlights Jacques Catafago's decision to renew his lease early at the Empire State Building, a move made in anticipation of market changes. This example is instructive for current tenants facing a tenant-friendly market. This suggests that considering early lease renewals can be wise. Understanding both market trends and landlord inclinations is also crucial. In a tenant-friendly market, landlords may prefer retaining existing tenants to reduce replacement costs. However, tenants must carefully weigh the immediate benefits of today’s rates against the possibility of future market shifts. To navigate the market and secure optimal lease terms and locations, a combination of strategic foresight and assertive negotiation is key. Remember, leverage is constantly shifting. Know when its your time.

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