Technology is taking over the world of commercial real estate by storm. New tools, online platforms, and decision-making algorithms are popping up constantly. Some real estate professionals even declare that nowadays, technology is the master of CRE. But, is it really true? Can tech replace relationships in the world of CRE? Does Commercial Real Estate…
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…
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…
Let’s face it: we now live in a millennial-driven workforce. The demand for modern, creative, and appealing office space creates a massive opportunity for sharp business owners who are clever enough to retain and attract top talent. It can be a real challenge for the owners of aging, old-school office sites and work environments.…
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 office leases. As a matter of respect to the business community that has provided me with a livelihood during…
Most tenants are unfamiliar with negotiating an office lease renewal. Some may not even realize they have the opportunity to do so! Typically their broker advised them of their current lease, so they are not aware of what terms to negotiate in the first place. With the vast amount of factors involving a renewal,…
When a business owner or manager considers relocating the business, it’s not uncommon for them to consider a number of locations to find the best fit for their business. Although each business has its own unique needs, some variables are pretty consistent when businesses shop for office space: The Variables: Location and access Condition of…
Since starting my career leasing office and industrial space over 30 years ago, real estate abatement has consistently been a tool that landlords use to procure new tenants. In addition to simply being a landlord incentive for tenants to lease space in a particular building, rental abatement, a/k/a Free Rent, can also serve a few specific purposes for…
Whether it is the start of an office lease or a lease renewal, the lease negotiation process is a critical time for determining a successful outcome of the tenant’s lease utilization. The negotiation process offers the opportunity to discuss, negotiate, and agree upon wants and needs with the landlord, in order for the tenant to walk away…
