We have all been deeply affected by the COVID-19 pandemic. A lot of people smarter than I say our lives and businesses will be permanently changed, rather like how America was changed by the terrorist attacks on Sept 11, 2001. This post will focus on how this pandemic has affected …
It’s amazing the effect that COVID-19 has had on our minds and attitudes. Things are constantly changing, and America is a curious mix of full panic and hoarding to almost a cavalier disregard. We humans can easily get panicked, it’s something we do all too easily. And once panic sets …
This year marks the 20th anniversary since Tenant Realty Advisors was formed and began supporting and advising clients in the greater Boise area. When I founded Tenant Realty Advisors in 2000 it was to address the lack of professional advisory services available to tenants in search of commercial office and industrial space. …
We try to keep our TRA blog topical and talk about conditions that either are or may affect our occupier tenants. So here it goes, and we hope this is informative. Boise has been in a strong growth mode the last couple of years. Many would call it a tear …
The local Boise, Meridian, Eagle, Nampa, and Caldwell economies have been on a tear since 2015/2016. Everywhere you go you see new construction, and roads are torn up. We are seeing traffic get heavier and finding a parking spot harder. City elected officials are talking about new civic projects. Like …
According to Wikipedia and CNN Business and other sources, the Great Recession was officially between 2007 and 2009. But as most remember it took a long time or seemed like too long a time to recover to pre-recession levels of business activity. Now the recovery is at 106 months plus which is …
It’s the Wild Wild West in Idaho for leasing office or industrial space, so HOWDY PARTNER and you are on your own, BUCKAROO! Would you believe that the broker who is purporting to represent you in your lease negotiations is not required to have a real estate license? It’s true: …
Many of you may be familiar with LoopNet, the free commercial real estate version of the residential MLS. If you are a small business, you may have logged on and been able to search all available commercial listings. Every commercial real estate company in town, and nearly all significant …
Read moreSearching for Commercial Real Estate Listings? It’s now much more difficult!
Ask a corporate real estate person what is the most confusing and contentious aspect of an office lease, and the answer will almost always be the operating expenses section. All commercial leases contain at least a few paragraphs of language on how the operating expenses are handled. Many tenants enter …
Given that a nonprofit organization’s facility costs are typically the second highest cost on its balance sheet (after staff), securing a good lease on the best office space should be a high priority. Unfortunately, we’ve found that real estate costs and commitments are often not addressed in the best way. …