Commercial buildings are classified in order to give owners and potential buyers some standard to gauge market value. These building classifications will more than likely be different in various sub-markets, but for the general Raleigh area, here’s a look at each category and some idea of what requirements are needed in each. One caveat – […]
Are you in the market to lease new space to house your business in the Greater Raleigh area; whether you’ve outgrown your old space, ready for a second location, or just starting out in a brand new business? If you are, it will be important for you to understand the terminology and math when calculating square […]
Choosing the right building is essential to growing your business. As you narrow your search for the right commercial property in the Triangle area, consider the following costs and property issues if you plan to lease the building. You may want to avoid selecting a property that raises these red flags. Concerns About the Property Can your building support the technology […]
What is TICAM and How Does It Work? TICAM is a business real estate acronym standing for Taxes Insurance & Common Area Maintenance. As the acronym suggests, TICAM is part of a TRIPLE net Commercial Lease where tenants pay for their proportionate share of the taxes, insurance, and common area maintenance (such as trash collection, […]
Leasing or Purchasing Property When it comes to starting a business or changing locations, business owners are always faced with a choice. Do I lease or purchase the new property? Before you decide, consider the advantages and disadvantages to your business. Advantages to Leasing a Property No Initial Down Payment – Starting a business takes money and […]
Lease agreements range from simple to complex depending on the type of real estate and the printed forms vary from the standard forms issued by your state’s Real Estate Commission Board to those customized by landlords. Find out what essential elements must be in your lease agreement.
