06.14.2017

(Spring Creek Village, Edmond, Oklahoma)

On June 14th, the Federal Reserve increased the federal funds rate by another .25%, which will take the prime rate to 4.25%. It is expected by many that a third increase will be approved later this year further impacting investors’ expected investment returns.

05.23.2017

In the last blog “Modern Updates Attracts Younger Generations” we discussed that the owners of office buildings should take a serious look at the exterior of their buildings and consider updating and upgrading the appearance of their buildings to bring them into a new era of office building design with an accent on the good and replacing or redesigning the bad and the ugly. That was outside. Now, let us go inside.

05.03.2017

(Aldi's Edmond location on West Edmond Road)

The winds of change are blowing into the Oklahoma City grocery market in the form of discount retailers Winco, Aldi and Save A Lot. Winco is a major warehouse-type grocer new to Oklahoma with a 90,000 sq ft footprint. They have identified four locations in the Oklahoma City metro area and are under construction with three of those stores now. Aldi and Save-A-Lot are both small neighborhood deep-discounters with a limited assortment of items targeting thrifty shoppers, and both are adding locations to their store count.

04.20.2017

Of all the expenses to consider in running your new business, rent is one of the largest. In commercial leasing, "Base Rent" is generally marketed on a per square foot, annualized basis. However, one feature to be cognizant of is rent escalation based on the Landlord operational cost increases or the dreaded “Additional Rent”. Landlords want protection from uncontrolled cost increases that affect their return. So, they will bill back to all tenants a pro-rata share of the operational cost increases.

04.17.2017

As our "Price Edwards Client Profile Series" continues, we look at a sit down with Darin Miller, CEO of Miller Architects Inc. Mr. Miller and his company are involved in the operations of St. Anthony's newest healthplexes across the Oklahoma City metropolitan area. The newest locations are in Midwest City, Mustang, North Oklahoma City, and South Oklahoma City. The four properties were the first Freestanding Emergency Facilities in the state of Oklahoma and continue to serve thousands in the community every month.

04.11.2017

Many small businesses have trouble deciding whether to lease or buy commercial real estate. While financial aspects play a major role in this decision, money is not the only factor--there are pros and cons for both sides. Keep in mind that there are many intangibles not mentioned here and your real estate professional, accountant, banker and tax specialist are all resources to help you make the best decision for your business.

When looking at leasing space consider these points: