As you might imagine, over the 24 years I’ve owned and operated my Indianapolis based tenant representation firm, CARMEN Commercial Real Estate Services, I’ve had the opportunity to see firsthand the many missteps tenants take with respect to office leases. As a matter of respect to the business community that has provided me with…
When counseling business owners and managers on leasing office space and industrial property in Indianapolis over the past 25 years, since founding CARMEN Commercial Real Estate, one of the most common questions I’ve been asked is: “Does it make sense to buy a building instead of leasing my real estate?” On the surface, the…
My team had a recent experience that provided us with a discouraging view of the commercial real estate brokerage industry. Arthur Rutenberg Homes is a medium-sized Florida-based company that recently opened its first Indiana office. After completing their project, Paul Hanson of Arthur Rutenberg Homes called and wanted to offer a testimonial of the…
“What could be so hard about finding office space for my company?” Sounds like a fair question. And honestly, finding commercial property for lease isn’t all that hard. It’s finding the perfect space for the right price with the right terms that’s hard, if not impossible, without having a tenant representative in your corner. How…
https://youtu.be/0dIkJWcuTxg It’s a year and a half before your office lease is up. There are many reasons why you might be considering a move to new office space: maybe you’ve experienced growth, want to attract younger talent, or want a start fresh with an open concept floor plan popular today. Whatever the reason, office…
A business retains an outside accountant for financial support of the business. They have an attorney for questions regarding the legal aspects of running the business. But with the office facilities playing such a significant part in operating a business, why wouldn’t a business be supported by an expert on office space? They should be. And that’s…
The following is excerpted from Entrepreneur’s Ask the Money Guy, Joe Worth. When a concerned reader asked, “Any advice on how to lease my new location without getting ripped off?”, Entrepreneur’s Joe Worth had some answers. He shared 12 crucial criteria to consider, highlighting the need for proactive planning and shopping for a commercial real estate broker, specifically…
“Don’t allow yourself to be backed into a corner.” I’ve repeated this phrase to countless business owners and managers when discussing office lease expiration. I’ve spent much of the past 31 years negotiating office leases on behalf of businesses and consistently the most important thing you can do when negotiating the terms of an…
The Wall Street Journal is drawing attention to the fiery debate between tenant representation firms and full-service brokerage firms over the issue of the inherent conflict of interest that occurs when one broker represents both sides of a real estate transaction. While full-service firms are quick to point out that their professional ethics require them to act in…
When you’re searching for a home, you have to consider the costs that you may incur with realtors on the buying and selling side. But when tenants consider who they hire for leasing or buying office space, many don’t realize that tenant representatives never collect from you for their service. And that’s not the only benefit. 1. It’s free…
