05.26.2020

It is easy to assume that co-working spaces will suffer greatly due to Covid-19. Social distancing has made gathering in large groups come to a halt, and co-working spaces can be a breeding ground for germs- especially if you share your specific workstation.

 

However, as restrictions ease up, will those who frequented co-working spaces return? Will owners of the co-working spaces remodel the space to be more social distancing friendly? A simple one-word answer to both questions is yes.

 

04.29.2020

Sitting here looking out my home office window, it is hard to believe how much our world has changed in the last sixty days.  There has been a pervasive shock to the cosmic consciousness as we’ve watched the stock market seek its bottom, the government pay out trillions of borrowed monies, skyrocketing unemployment and some of our fellow citizens suffering and dying alone, all the while people in America are making facial masks an everyday part of our lives   And the oil industry, well at current pricing, I should trade my spare room full of toilet paper

03.30.2020

The pandemic has affected nearly every human being and business, on earth, in some form or fashion and the commercial real estate industry has certainly been affected if not clobbered.  The hardest hit sectors are hotels, restaurants, bars and entertainment venues such as bowling alleys, movie theaters, live performances and casinos. Spring is the most popular time for weddings, thus those venues have virtually been shut down for the foreseeable future.

11.05.2019

The scientific consensus is that climate change will touch all our lives in the 21st century.  Because commercial buildings and their construction currently account for about 39% of energy-related carbon dioxide emissions and project a continued growth at 2% per annum, commercial real estate can be of service in solving this problem.  

09.10.2019

Let's face the facts. You don't have to be sitting (or standing) in the office to be productive. Employers today are offering their employees' more meaningful choices in how, when, and where work is conducted. Today's workers can be productive from any location using any device, and no longer want to be constrained by fixed workplaces. According to Flexjobs, within the next five years, 44% of workers in the United States will access corporate office networks remotely. 

06.06.2019

When presented a commercial lease, you will often hear the phrase “boilerplate language.” The first few pages of the lease agreement generally contain the relevant business terms, and the back 2/3’s of the document contain many words, phrases, and acronyms that take your mind to the evening meal, golf course or another place of respite. After pouring the third cup of coffee trying to stay focused, the term “boilerplate” comes to mind, and you rationalize there is no need to read this part. This would be a common mistake.

05.14.2019

Are you looking to lease office space but don't know where to begin? Here are some essential tips.

I’m often asked from prospective tenants what the process looks like to lease office space. Although there has been a slew of changes in my over 30 years working as a leasing agent, there are still four main pillars that are essential to most property leasing transactions.

Give Yourself Ample Time

03.20.2019

Price Edwards and Company was honored at the Commercial Real Estate Council Conference on February 28, hosted by the Journal Record.  Brokers with Price Edwards received four out of the eight available "Transaction of the Year" Awards for the industry, including Office Sale Transaction of the Year, Office Lease Transaction of the Year, Retail Investment Sale Transaction of the Year, and Retail Lease Transaction of the Year.