Good morning, its Word of the Week Wednesday! Let’s take a look at rentable area. Rentable area refers to the tenant’s usable square footage of a property alongside their portion of the building’s common area.
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CRE WORD OF THE WEEK
Welcome back to Word of the Week Wednesday! Last week we discussed Common area maintenance expenses, to follow up, let’s look at Occupancy cost. This charge is the total expense any property user pays for occupying a property or space. This includes tenants that are leasing and property owners. Please note, occupancy cost does not…
CPR Congratulates Operations Manager for ACoM
Commercial Partners Realty is pleased to announce Operations Manager Dana Koay has received her ACoM (Accredited Commercial Manager) designation. She has passed the necessary education to show core competency in commercial property management. Congratulations Dana! You are the property management Rockstar!
Commercial Partners Team Sets National Record at FGCAR Golf Tournament!
Clouds were gathering on a hot, humid Florida Fall afternoon. Four members of the CPR Team (Austin Karrick, Chris Ewing, Jim Engelmann and Frank Bozikovich) stepped up to the first hole of the Cove Cay golf course. It was the FGCAR Annual Golf Tournament, and this was “The Fastest Hole Competition”. The Fastest Hole Competition…
CRE WORD OF THE WEEK
Good morning and welcome back to Word of the Week Wednesday! Let’s look at Offering Memorandum; a presentation that provides the most prospective buyers with detailed information about a property on the market. This presentation would include building description, demographics, summary of property’s history and more.
CRE WORD OF THE WEEK
Good morning! It’s Word of the Week Wednesday. Lets take a look at Cold Shell. A cold shell refers to Any building that has no interior finishes, plumbing, lighting etc. The property is essentially bare, which provides greater opportunities for improvements and customization.
Tampa Bay Industrial Outlook
The Tampa Bay industrial market is one of many nuances. There are some systematic similarities, but as real estate goes, location makes a difference. As a whole, the industrial market has continued to see strong growth as increased demand has resulted in higher property values and lease rates. As a result, new construction has continued…