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January 2017 Archives

Renting commercial space

Business owners in Maryland may opt to rent the business spaces they need instead of purchasing the commercial properties for a variety of reasons. However, before they sign a lease for a new business space, there are some factors they should consider.

CRE lending outlook generally positive for 2017

The commercial real estate sector in Maryland and around the country performed well in 2016 as the economy continued to grow and unemployment remained low. Loans for commercial property topped $500 billion in 2016 according to a report compiled by the Mortgage Bankers Association, and rents and property values in most major markets rose. These trends are expected to continue during the next 12 months, but some analysts have voiced concerns over rising interest rates and regulations under the Dodd-Frank Wall Street Reform and Consumer Protection Act that will soon go into effect.

Advice on buying commercial property

While many Maryland entrepreneurs prefer renting a property for their business, there are many benefits, such as greater freedom and flexibility, to purchasing land or building a brand-new facility. However, potential business owners may wish to consider some financial and legal aspects prior to buying a commercial property.

Commercial real estate leasing with an IT twist

Business owners in Maryland and around the country often find it difficult to identify suitable properties to rent when they need more space or wish to open additional locations. In many cases, they have to contact multiple leasing agencies to get an idea of what is available or trawl through online databases with no guarantee that the information they are looking at is current. However, two Manhattan-based startup companies are hoping to revolutionize the commercial leasing sector, and one of them was recently acquired by a major real estate investment and services firm.

Common commercial lease disputes

Many Maryland business owners choose to lease space for their companies as opposed to purchasing commercial real estate. In some cases, they will have disputes with their commercial landlords about the terms of their leases or some other issues. If you are currently involved in a dispute with your commercial landlord, it may be very frustrating and may be costing your business money.