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Different Ways to Find CRE Tenants

Investing in a commercial real estate (CRE) property is a smart choice. When you find a great building in an ideal location with amenities, this is ideal; however, if you are unable to bring tenants into your building, your CRE investment will not be profitable for you. Your ROI (return on investment) relies heavily on the income you will receive monthly/quarterly/yearly from tenants. Once landing a CRE property, your goal is to focus on marketing to prospective tenants and keeping quality communication and relationships with current tenants to ensure you will have secure cash flow coming to you to cover your expenses, taxes, insurance, and to make a profit. If you are new to owning and/or managing a CRE property,

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Why You Should Work with a Commercial Real Estate Broker

Commercial real estate (CRE) is a great investment. However, if you try to go about looking for a CRE property to invest on your own, you may feel overwhelmed with all the options out there. You may come across thousands of listings online, and many of these listings are outdated, incomplete, wrong, or give little to no information. Many listings might not even fully show you a space’s info or pictures without you paying a site fee. There’s also the chance if you drive around looking for CRE signs, you’ll never hear back from the listing agents you call. The process can become frustrating and overwhelming. You can make the process easier and go more smoothly with the help of

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How to Attract a Younger Generation of Tenants to Your CRE Property

Commercial real estate (CRE) rents and revenue is on the rise, according to IBISWorld, a company who shares business information and market research on thousands of industries worldwide. CRE vacancies are low, as well. It’s a great time to invest in CRE, especially since revenue continues to increase each year. To keep this growth, CRE investors need to understand the needs of the targeted markets, including the younger generation who are starting to make up a bulk of the workforce and owning more businesses. Younger generations are looking for more modern workplaces that are “green” with the latest technologies, including high-speed connectivity. Younger tenants are looking for creative spaces that offer a place where collaboration is encouraged, which means more

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The Importance of Amenities in Your CRE Investment

When you invest in a commercial real estate (CRE) property, you are entering into a market with a lot of competition. There are many other CRE properties looking for the same type of tenants as you are. If you want to add value to your CRE property, building amenities are important, and they have continued to become more important in recent years. Whether you’re dealing with a new build, a newer building or looking to make changes or renovations to an older property, think about adding certain amenities to your property. You want to offer things that a similar building down the block doesn’t offer. What does your CRE property do to stand out? Conference facilities – If you have

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Common CRE Renovation Mistakes to Avoid

When you invest in commercial real estate (CRE), especially if you invest in an older building, renovations may be necessarily, whether they occur now or sometime soon. Renovations, like the originally CRE purchase, are a big investment and can take a lot of time and dedication; however, when done right, renovations can increase your bottom line by allowing you to increase rents and attract more tenants, since your property value has likely increased. The renovation process, like many processes, can have issues and bumps along the way. As CRE brokers, we wanted to share some common CRE renovation mistakes you should try to look out for and avoid. Rushing – The saying goes, “Good things take time” – and it

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How to Attract Commercial Real Estate Tenants in Louisville

Competition for tenants, especially quality tenants, is high in Louisville. As a commercial real estate (CRE) landlord, you need to set your building apart in order to attract tenants to your building in the Louisville market. Our Louisville commercial real estate brokerage experts at HOWE Real Estate wanted to share with you some different ways you can set yourself apart to attract CRE tenants in Louisville. At HOWE, we provide real estate development and consulting services across all market segments. Add Technology – It’s 2019, which means up-to-date technology in buildings is basically expected. When you incorporate modern technologies into your building, you can attract high-tech businesses. New technology items to add would include building security, climate control, tenant management

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