1. Cost Savings: Often times sublease spaces come at a lower cost compared to leasing directly from the property owner. The Sublessor is likely willing to offer a discounted rate to recoup some of their expenses. 2. Flexibility: Subleasing arrangements can be more flexible in terms of lease duration compared to traditional leases. This can be beneficial for businesses that require short-term or temporary storage solutions without committing to a long-term lease. 3….
The Impact of an Office Design on Employees
When it comes to reducing employee absenteeism, promoting health and wellbeing and boosting workplace productivity, having an effective office space is key. Factors like layout, lighting, furniture and technology can make all the difference. Discover the impact of office design on employee performance and how you can create a better work environment overall. Types of Office Design Trends Certain office layouts are better suited for some industries and work environments than others. Let’s look at…
Questions to Ask Yourself Before Signing a Lease
Signing a commercial lease can be an involved process. There are a few essential questions to ask yourself and research before you commit. In this FAQ about signing a lease for a commercial property, you’ll get all the information you need to consider before you sign and tips for choosing the right agreement for your business. 1. Are You Building for the Future? Before signing a commercial lease, analyze your company’s growth trends. Commercial leases…
The Hidden Value in Commercial Parking Lots
If you are a new commercial real estate investor or business owner, your property may be an overlooked asset. Industrial lots are essential for businesses, making them also essential to investors. An industrial outdoor storage yard allows e-commerce companies and other growing industries to store and ship their items more efficiently, making them an exciting opportunity for businesses and investors. In this article, we’ll dive into the investment opportunities associated with Industrial Outdoor Storage Yards. Using Parking…
Lee & Associates of Eastern Pennsylvania Named Exclusive Brokerage Firm to Oversee Sale of 3001 Gettysburg Road
Two-story building in Camp Hill, PA contains more than 10,000 square feet of space Lee & Associates of Eastern Pennsylvania has been named the exclusive brokerage firm to oversee the sale of 3001 Gettysburg Road, a two-story office building containing 10,367 square feet of commercial office space. Situated on 1.49 acres, the all-brick exterior building is located in the Camp Hill and Lower Allen Township areas of Cumberland County, Pennsylvania. Bradley Swidler, Principal for Lee & Associates of Eastern Pennsylvania…
Philadelphia Industrial Real Estate Market shrugs off Covid-19 enroute to a strong quarter
July, 2020 11:00 AM EST Pennsylvania—Lee & Associates, a national full-service commercial real estate firm, released their Philadelphia Region Industrial Market Q2-2020 report covering warehouse and distribution properties in Eastern Pennsylvania, Southern New Jersey and Delaware. According to Lee & Associates, the Philadelphia Region fared well despite the challenges of operating in a COVID environment, exhibiting strong net absorption and reduced vacancy levels despite 4.8 million square feet of new space deliveries. The majority of…
5 Benefits of a Sale-Leaseback
[Updated August 18, 2021] If you own a commercial property and want to expand or you need capital to invest in your business, you may want to consider a sale-leaseback. A sale-leaseback occurs when a property owner sells a property but continues operating it by leasing the property back from the new owner. A sale-leaseback deal can offer advantages to both the seller and the buyer, or the lessee and the lessor, respectively. If you are a seller, you can enjoy the following sale-leaseback benefits. 1. Access to Capital As the seller,…
CarbonLITE Preleases Manufacturing Facility in Reading, Pennsylvania
ALDEN DYSON | CoStar Berk61 to Accommodate Recycling Powerhouse’s East Coast Expansion CarbonLITE, a company that specializes in processing used plastic bottles into bottle-grade PET resin flakes and pellets, preleased Endurance Real Estate Group’s Berks61, a 270,000-square-foot manufacturing facility in Reading, Pennsylvania. Plans for the facility at 4030 Pottsville Pike call for a TPO roof, ESFR sprinkler, LED lighting with motion sensors, 42 dock positions, three drive-in doors, available rail access and a 3,000 amp, 3-phase electric…
What’s Trending in CRE?
Keeping up with the latest CRE trends can be daunting while trying to run your own business. We’ve put together a short list of topics trending in the commercial real estate world to keep you current. Continued Growth in E-commerce: In 2018, according to the US Commerce Department, E-commerce sales totaled approximately $517B and accounted for over 14% of all retail sales in the United States. E-commerce sales have grown at an average of 15%…