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How You Can Transform Commercial Real Estate Properties with These Building Renovations

Louisville, Kentucky, was founded in 1778, making it one of the oldest cities west of the Appalachians. Since the age of the buildings varies in Louisville, it’s important to improve upon and maintain older buildings to keep up property value. Our Louisville commercial real estate brokerage experts at HOWE Real Estate wanted to share with you some building renovations that can truly transform commercial real estate (CRE) properties, which in turn will improve your bottom line. At HOWE, we provide real estate development and consulting services across all market segments. Dramatic outside features. You want your building to have curb appeal and to attract attention. Whether it’s a unique staircase or moldings or colors, you want to renovate in a

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How to Get into Commercial Real Estate in Louisville

Commercial real estate is a great investment in Louisville, as it is a reliable and predictable investment type. If you’ve never invested in commercial real estate before, our Louisville commercial real estate brokerage experts wanted to share with you some types on how to get into commercial real estate (CRE) in Louisville. At HOWE, we provide real estate development and consulting services across all market segments. Choose one property type. Decide what type of CRE property you want. Retail? Industrial? Medical? Each have their benefits and challenges. When starting a CRE portfolio, it’s best to focus on one type of CRE property, so you can become knowledgeable and skilled at this type of property and investment. Once your expertise grows,

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The Importance of Tenant Mix in CRE

As a commercial real estate owner (CRE) property owner, you want to look at ways to increase the value of your property. Whether you work alone or with a property management company, your CRE property should be marketed aggressively with the proper tenant mix, so you can charge the right market rent. Also, you want to make sure you are properly billing tenants the correct amounts. With the proper tenant mix, you can increase consumer spending and boost the local economy, which in turn will increase the demand for your CRE. Our team at HOWE Louisville wanted to share with you why it’s important to cultivate a good tenant mix in your CRE property, and how it can maximize its

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Things to Do Before Selling a CRE Property

As the biggest and busiest city in Kentucky, Louisville is the perfect place for investing and selling retail property. Louisville’s affluent commercial sector makes it a great place for business owners. In turn, that means investors are unlikely to be hit by delays during the real estate processes, which means you are likely to sell your commercial real estate (CRE) property easily and for a good value. Our team at HOWE Louisville wanted to share with you some things to do and steps to take before selling a CRE property to maximize its value and the return on investment (ROI). Stage the property – You want to stage the property, so it appeals to potential buyers and that shows how

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Tech Features Today’s Commercial Real Estate Properties Must Have

Commercial real estate properties can include office buildings, retail stores, strip malls, multi-family, mixed-use, restaurants and other real estate in which people conduct business. The types of businesses and spaces may not have changed much over the years but what these companies’ need to work and attract business has. It’s 2019 and technology continues to change week to week. Keeping up with today’s technologies is critical for finding, landing, and retaining quality commercial real estate (CRE) tenants. As a Louisville commercial real estate brokerage who provides real estate development and consulting services across all market segments, our team at HOWE Commercial Real Estate knows a lot about CRE investing and buildings. We know what CRE tenants are looking for, especially

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How to Handle Problem Commercial Real Estate Tenants

Residential landlords aren’t the only property owners to come across “problem” tenants; commercial real estate (CRE) owners have their share of business owners who cause problems and create headaches. Many times, a commercial tenant’s issues will result from the state of the economy. If business slows down, it may be hard for a commercial tenant to pay rent. Commercial property owners depend on rent. If a commercial tenant cannot pay the rent (in a timely manner), the owner/landlord may have to evict the tenant once they find a new one to replace the current tenant. It can be smart to hold off on evictions and work with the tenant so the property will not have an empty rental space. It’s

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Achieving Clients’ Goals

Our deep commercial real estate experience and market knowledge gives you a critical competitive advantage in the greater Louisville market. Simply put, we do the hard work.

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