You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone: 480-948-5554 Prefer cell: 520-975-5207 or email me walterunger@ccim.net. – What is a CCIM. –
CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS.
By Michael Griffin – Transwestern Oct 1, 2020
When making decisions regarding real estate, companies ask questions like: How many people do we need to accommodate? How much space do we need? How should the space be configured? What if we need less or more space in the future?
But what if their predictions are wrong?
In an ever-changing world – demonstrated by the rapid adjustments brought on by Covid-19 – companies should start off with the mindset that, to some degree, they are going to get something wrong. It may sound crazy, but no business can reasonably predict exactly what its space needs are going to be in 2024 or beyond. However, with this foreknowledge – and a savvy real estate advisor – risks can be minimized.
Here are some tools and strategies that may help solve the real estate riddle.
- Concerned about leasing too much office space?
If so, design the physical space with an eye toward how one can easily downsize the suite with minimal effort and maximum market desirability for a future subtenant. Also, negotiate liberal sublease rights in the lease.
- Negotiate ways to terminate the lease early.
This allows the tenant to get the most landlord-provided money to outfit the new suite while ensuring the right to end the agreement early if needed.
- Consider designing by the 80/20 rule.
Dedicate 80% of the space to needs that are unlikely to change, such as reception, IT, break rooms and some offices. Then, design the remaining 20% in flexible way. For example, partitions like a divider wall system can be modified quickly to accommodate a future space need.
- Match the lease term commitment.
Dovetail with a reasonable expectation for when space needs might change, plus 18 to 24 months. This approach helps prevent overcommitting to a lease. While many landlords prefer long-term leases, it would be unwise to commit to a 10-year lease term when you can only see three years out as far as space needs.
- Make your office work hard for the company.
Each space in the suite should have multiple uses to allow for downsizing if necessary, such as a reception area that also serves as a meeting place for a shared work environment.
- Consider taking less office space.
This will accommodate the same number of employees. Given the recent shift to working from home, some employees may choose to continue remote work for part of the week. In that the case, introduce shared work environments with a CDC-approved cleaning protocol as opposed to offering everyone a dedicated workspace.
The concept that business and real estate needs are going to change has always been present. Covid-19 has simply amplified and accelerated that evolution. While it’s clear that no one can predict the future, it is possible to make educated decisions in regard to real estate. When making long-term decisions, take the time to thoughtfully consider every factor and implement these strategies with the help of a tenant advisory specialist.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors.
As a principal at Transwestern, Michael Griffin specializes in professional portfolio advisory services and representation of the real estate needs of corporate clients.
FROM ME: Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international. Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Click here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS.
https://www.crexi.com/properties?searchBrokerId=17513
http://walter-unger.com/gold-canyon-resort-sells-for-29-4m/
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS.
https://www.crexi.com/properties?searchBrokerId=17513
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
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