When Amenities Become the Deciding Factor

By definition, an amenity is a desirable or useful feature of a building. They are often listed well below what used to be considered the “essential” facts (price per sq/ft, building size, availability). As Millennials take over as the largest demographic in the work force, tenants and landlords are starting to pay greater attention to … Continued

What Does Commuting Have to do With Commercial Real Estate?

Let’s give Millennials credit for one good idea: cutting down on commuting. Workers spend about 204 hours a year commuting, at a cost of $2600, according to the Census Bureau. That’s just the average, it doesn’t take into consideration the evitable traffic jam, the construction project or the overturned tractor trailer. No wonder commuting to … Continued

Usable versus Rentable Space

Goldilocks was lucky, she got to try out each bed until she found the one that was just right. Unfortunately when it comes to finding the right commercial real estate space, you don’t get to try them out.  Since commercial real estate is one of a company’s biggest expenses and leases are usually signed for … Continued

Lessons Learned from Early FASB Adopters

An interesting finding came out of a recent survey by one of the Big Four accounting firms. Only 8% of 13,000 questioned said they have a good understanding of the recently announced changes to the Lease Accounting Standard. With 92% somewhere between “general understanding” and “haven’t started”, the impending IASB/FASB deadline is going to seem … Continued