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Commercial Real Estate Leasing Guide

A commercial lease agreement allows a business to rent a commercial property from a landlord and is significantly different from residential leases. Having a guide to negotiating commercial leases and how to negotiate leasing office space is invaluable as there are many costly mistakes that can be made, as well as missed opportunities with lease agreement terms. 

Read below and discover how to navigate a commercial lease and secure the right property for your business.

Define the Commercial Space You Want to Lease

Before looking for commercial real estate, you need to define the parameters of the building or space you want and need. Having a list of qualities such as budget, office space size, must-have amenities, accessibility, and security can help limit your search for commercial real estate to lease. 

Accessibility, for example, is important to consider, whether customers will be coming to the property or not, as it’s important that your employees can get there as well. Consider the foot traffic, what kind of neighboring businesses are around, parking space, and proximity to public transportation. 

How is the Commercial Real Estate Zoned?

Commercial zoning is important to consider as different buildings fall within different uses. For example, a warehouse and office space are both considered commercial property but will be zoned for different types of businesses. The type of zoning dictates what type of business can make use of the commercial space and is typically local jurisdiction.

When choosing where to look for commercial spaces, check with your local chamber of commerce or zoning regulations based on ZIP code. This will help you narrow your search even further so you can focus on which commercial lease to look into. 

Types of Commercial Leases

Once you’ve narrowed down what a commercial building must have, your budget, and where zoning permits you to do business, you can look at the commercial leases offered by the different properties. It’s important to consider what type of commercial lease is appropriate for your business needs as well as the details of each lease. There are three primary types of commercial real estate leases:
 

Full-Service Lease

This is the most common type of commercial lease and usually with office space. Essentially, the landlord is responsible for the expenses of the property like taxes, insurance, maintenance, janitorial services, and utilities. There are no hidden costs and enables businesses to accurately budget for their monthly and annual lease payments.
 

Net Lease

A net lease agreement is typically cheaper in annual rent, but can also include monthly “usual costs, ” such as property insurance, taxes, and common area maintenance items. These leases can be single, double, or triple net:

  • Single: the tenant pays rent plus a pro-rata share of the building’s property taxes
  • Double net: the tenant pays a portion of the property insurance on top of rent and property taxes
  • Triple net: the tenant pays the pro-rata share of property taxes, property insurance, and common area maintenance items. These are more common with restaurant and retail commercial spaces. 
     

Modified Gross Lease

This type of lease is a mix of full-service and the net lease. For example, a commercial tenant might pay for their portion of the property taxes, insurance, and common area maintenance items, but in a lump sum along with the rent. The benefit here is that the rent is fixed without any hidden costs or sudden expenses. The utilities and janitorial services are covered by the landlord and if the taxes, insurance, or common area maintenance items increases the rent still stays the same. 

Find a Broker to Facilitate the Commercial Lease

Commercial real estate leasing can be intricate and costly when mistakes are made or to get out of, if you’re able to at all. It’s important to have a commercial real estate agent or a tenant broker to help guide you through the process and go over the leases for the building or office space with you. Here at Goodale & Barbieri, we provide tenant representation to help our clients secure the right commercial space for their business. As one of the largest developers, property managers, and a leading real estate firm, we understand what to look for with tenants and the nuances of negotiating a lease, as well as the market. Since 1937 we’ve handled properties of all sorts and currently have over 4 million square feet of commercial property. Discover more about working with experienced experts by following the link below.

Goodale & Barbieri | Commercial Real Estate

Resilience in Times of Crisis: Strategies for Thriving Amid Uncertainty

“The greatest glory in living, lies not in never failing, but in rising every time we fall.” – Nelson Mandela.

As organizations focus on rational elements such as processes, technology, and governance during change, they often overlook the emotional factors that shape the employee experience. Loss of autonomy, behavior change, and culture change are critical aspects that require attention. It is in this condition that resilience comes into play. Resilience refers to when you have the strength to bounce back from misfortune or adjust easily to change, enabling organizations to navigate global turmoil successfully. While we may emerge from this transformative period as different individuals, resilience empowers us to become stronger and better versions of ourselves. In his previous roles, Grant Kelley exemplifies the specific strategies to maintain stability and keep striving amongst the competitiveness of the business atmosphere. Unfortunately, many organizations are not doing enough to build their resilience muscle. Read to the end to discover how you can stand out and achieve success with your business. 

The Importance of Resilience

As organizations increasingly prioritize culture, purpose, leadership, inclusion, diversity, and well-being as integral elements of the employee experience, resilience becomes an indispensable part of the organizational DNA. According to the Future Chief People Officer study, 99% of respondents believe that HR executives must possess the agility, courage, and steadiness to support organizations through future complexity. A resilient and agile workforce drives organizational success by fostering adaptability to change, instilling new behaviors, and enhancing engagement and talent retention. 

Navigating the Path to Resilience

The current economic uncertainty, growing demands, complexity, and change require organizations to build resilience among their employees proactively. You can employ these few strategies to achieve this:

1.Demonstrate organizational commitment to the well-being

Prioritizing employee well-being at work and home is crucial in an uncertain environment. Organizations can offer flexible working arrangements, foster strong team cultures, and encourage healthy choices while maximizing public health and well-being programs. Open and frequent communication about the organization’s commitment to employee health and well-being is essential, with leaders and managers playing critical roles as role models and messengers.

2. Build Trust

Creating a culture that fosters trust, accountability, and flexibility is crucial for nurturing resilience. Leaders can create an atmosphere that allows room for resilience to flourish by providing opportunities for employees to take care of their needs and achieve balance in their lives. A nurturing workplace that invests in employee health and well-being fosters a thriving work environment and sets reasonable expectations contributes to an agile, high-performing, and sustainable organization. 

3. Implement resilience-building programs

Organizations must develop and nurture resilient employees by implementing initiatives tailored to support them in navigating an ever-changing world. Recognizing that each individual responds differently to change, engaging employees during times of need, and providing tailored initiatives will empower them to thrive despite adversity. 

Conclusion

In these times of immense change of uncertainty, resilience has become a critical factor for organizational success. By building resilience within their workforce, organizations can adapt, thrive, and remain competitive in the face of evolving workplace and global challenges. You can imitate Grant Kelley‘s organizations by prioritizing employee well-being, fostering trust, and implementing resilience-building programs, as they are essential steps toward creating a resilient and agile workforce. 

For more information: Grant Kelley

Re-Thinking the Traditional Job Interview Process to Make it Better

As the saying goes,“The more things change,the more they stay the same.” Despite a major evolution in the hiring process in recent years due to technological innovations,the same traditional job interviews are still in place. The question is: are they still working for you?

If you’re not finding the people you need,or you’re making expensive hiring mistakes,it can cost you in profits and productivity. If that’s the case,it’s time to rethink your interview process and avoid the following mistakes:

Asking generic questions.

Just because you’ve been asking the same questions for years or you found a list of questions from an online resource you trust doesn’t mean you should keep asking the same ones. The success of your interview and hiring process hinges on asking good questions. Perhaps it’s time for a change in this area,whether it’s moving toward asking behavior-based interview questions or creating panel interviews so questions come from multiple perspectives.

Going with your first impression.

First impressions aren’t always accurate. Yet,once they’re made,they are difficult to roll back and change. But don’t base hiring decisions on them. Make sure you’re looking at the full picture of the candidate,from their resume and interview answers to skills testing,references,and background checks. Forming a judgment of a person in a few seconds leaves a lot of room for error,so be aware of that and take steps to avoid it.

Focusing on feelings,not facts.

Similarly,if a candidate comes in and “wows” you,answering questions intelligently and making a favorable impression,don’t automatically offer them the job. Some people are excellent at interviewing and inferior when it comes to doing their jobs. It’s why you’ll want to go beyond the interview. Also,conduct other steps in the process,like personality testing and reference checks,to ensure the individual is the right fit for your company’s needs.

Avoiding red flags.

Oftentimes,a poor hiring mistake will come with some red flags. Make sure you’re aware of common ones,like exaggerations of job titles or responsibilities,gaps in employment,or discrepancies between their resume and LinkedIn profile. Do some digging and get answers to any divergent information before you make a decision about hiring.

Get professional help hiring.

If you’re ready to hand off the hiring work to experts,let Provisional Recruiting help. As a leading staffing agency serving Spokane and the Northwest,we can prevent these mistakes,so you can hire the smart,dependable people you need. It’s that easy. Get started now by clicking below. 

Provisional | Improve Your Interview Process

Local SEO for Specific Industries: A Comprehensive Guide

Local SEO for Specific Industries

In the digital age,local SEO has become a vital strategy for businesses across various industries. From niche markets to service providers,retail stores,restaurants,real estate agents,and medical practices,mastering local SEO can significantly enhance your business’s visibility,attract potential customers,and boost profits. This guide explores the dynamics of local SEO for specific industries and its role in several sectors.

Unlocking the Power of Local SEO for Niche Markets

Tailoring Keywords for Industry-Specific Local Searches

Niche markets heavily rely on local SEO to target specific audiences,enhancing visibility in local search results. It’s a valuable tool for small businesses to attract organic traffic and increase foot traffic in the local market. Utilizing keyword tools like SEMRush,Google Keyword Planner,and Serpstat can help businesses identify effective keywords. Google Autocomplete also assists in catering to users searching for specific phrases,bolstering local SEO efforts.

Optimizing Google My Business for Niche Audiences

Google My Business is essential for managing online presence and enhancing visibility in local search results. A well-optimized profile enables businesses to publish content,disseminate updates,and gather customer reviews,enriching their online presence. Maintaining accurate business information,including high-quality photos and videos,is crucial.

Enhancing Local Search Performance for Service-Oriented Businesses

Importance of Accurate NAP Data for Service Providers

For service providers,maintaining accurate NAP (Name,Address,Phone number) data is essential for improving local search rankings and attracting potential customers. Inaccurate NAP data can create confusion for search engines and potential customers,negatively impacting a business’s local SEO strategies.

Building a Strong Local Online Reputation

Establishing a robust local online reputation is paramount for service-oriented businesses. Strategies include establishing a presence on relevant web properties,managing social media accounts,prompting customers to provide honest reviews,maintaining transparency,and updating local listings with high-quality images and calls-to-action.

Local SEO Strategies for Retail and Brick-and-Mortar Locations

Creating Compelling Local Content

Retail businesses and brick-and-mortar locations can benefit greatly from local SEO strategies. Creating compelling local content,leveraging local social media marketing,and utilizing local schema markup are key components of a successful local SEO strategy for specific industries.

Leveraging Local Social Media Marketing

Local social media marketing can be a powerful tool for bolstering local SEO,establishing brand recognition,and directing traffic towards retailers’ online and physical stores. Platforms like Facebook,Instagram,Snapchat,LinkedIn,Twitter,and Pinterest are recommended for local businesses.

Boosting Local Visibility for Medical Practices and Wellness Centers

Prioritizing Patient-Focused Local Content

Local SEO can also be advantageous to medical practices and wellness centers. Crafting patient-focused content,efficient online appointment systems,and effective management of patient reviews are key to success in this sector.

Managing and Responding to Patient Reviews

Patient reviews significantly influence local SEO for medical practices. Favorable reviews enhance visibility,establish trust and credibility,boost click-through rates,and contribute to online reputation management.

Local SEO Essentials for Real Estate Agents

Targeting Hyper-Local Keywords

Real estate agents can benefit substantially from local SEO. Targeting hyper-local keywords,offering virtual tours,and networking effectively with local businesses and communities are crucial strategies. Utilizing local SEO tools can further enhance these strategies.

Local SEO for Restaurants: A Recipe for Success

Menu Optimization and Local Flavor

Restaurants can reap significant benefits from local SEO. Menu optimization,encouraging diner reviews,and promoting special events and offers are key strategies for success in this industry.

In conclusion,local SEO plays a vital role across various industries. By leveraging local SEO,businesses can unlock their potential,enhance visibility in local search results,attract potential customers,and increase profits.

San Diego, CA: A Coastal Jewel Amidst Southern California Beaches

Tucked away amidst the enchanting coastline of Southern California,specifically within the realms of San Diego,CA,is an authentic haven for beach enthusiasts. San Diego,with its sun-kissed shores gleaming with golden sand,clear azure waters,and consistent radiance from the ever-present sun,showcases some of the best beaches Southern California has to offer. San Diego’s coast is home to a variety of gems,from the quirky Venice Beach to the tranquil corners of Laguna Beach.

San Diego offers a variety of beach activities. The waves beckon surfers to challenge their might,while the calmer waters invite paddleboarders to take a leisurely drift. For those who find solace in reading under the sun,the beaches offer the perfect backdrop. Divers and snorkelers will be rewarded with a rich marine ecosystem when they dive beneath the waves. As you spread out your towel and prepare for nature’s sunlit embrace,know that an expedition in San Diego promises unparalleled coastal beauty.

Delving into San Diego,CA’s Deep-rooted History and Culture

San Diego is not just a coastal marvel; its depth goes beyond its beaches. This city,marked by its intricate history and diverse culture,offers myriad experiences. Tracing back to its roots as a Spanish settlement,San Diego played a significant role during pivotal moments like the Mexican-American War. The rich tapestry of its history tells the stories of important epochs in shaping modern-day America.

Walking through San Diego is like traversing through a cultural mosaic. As one of the prominent border cities,its Mexican essence is palpable. Venture into the streets of Old Town,and you’ll be met with authentic Mexican dishes that promise an explosion of flavors. Festivities like Cinco de Mayo and Dia de los Muertos bring to life the city’s vibrant traditions,painting San Diego in hues of history and celebration. Adding to its multifaceted identity,San Diego’s strong military presence,especially the Navy and Marine Corps,instills pride and shapes its community ethos. San Diego,CA is a place of many delights for visitors. It offers a combination of a beach retreat and an historical journey.

Catering For A Special Event

Dealing with catering service companies is part of preparing a successful celebration. A caterer generally offers food and drinks and they have an essential role in your event.

If the event venue uses this service,it is also possible that you do not need to worry about employing a third party catering service. If your event site supervisor,recommends a caterer you ought to still do your research.

Never ever presume that a catering service recommended by someone if definitely the best possible option for your event. A caterer may be experienced in smaller parties,however not experienced with parties with 2 hundred welcomed visitors. That said,go check out these guys:

 

There are 2 various styles of catering:

Seated Dinner – Seated supper setting will typically need more personnel than a buffet. To simplify the process,menu choices ought to be included with the party invitations so your guests can pick which selection they prefer. The pre-selection procedure allows you to work with your catering service on the last count.

Buffet– You may be able to get away with less chairs and tables with a buffet supper. Buffet gives your party guests more versatility,and they do not all have to eat at the same time. A buffet dinner likewise gives your party visitors more choices to tailor their food choice.

Conclusion

A caterer usually provides food and beverages and they have an important function in your party. If the event venue provides this service,it is likewise possible that you do not require to stress about working with a third party catering service. If your celebration site supervisor,recommends a catering service you should still do your homework. A catering service might be experienced in smaller sized parties,however not experienced with celebrations with 2 hundred welcomed visitors.

A buffet supper likewise offers your celebration guests more options to customize their food selection.