Need Office Space for Lease or Sale? OfficeFinder can Help find your next Office. Leasing Office Space Buying Office Space Membership Online Toolkit OfficeFinder Advisor

Entries Tagged as 'Office Space'

New Commercial Loans Expected to Increase in 2013

1 Comment »

In commercial real estate, financing is always an extremely important component of the game. Financing makes properties easier to buy, easier to sell, and the availability of good, solid financing definitely does its own part in helping to support commercial real estate property values.

With this in mind, in a report issued in November of this year, Deutsche Bank declared that it expects the issuance of Commercial Mortgage-Backed Securities (CMBS) to increase by a full 50% in 2013, totaling to approximately $60 billion in new loans that are expected to be issued within this arena.

For the commercial real estate industry, this is great news!

CMBS represent approximately 23% of all of the loans currently in place on commercial real estate within the United States. An increase of this amount in the issuance of these new securities would then represent the greatest total annual amount of CMBS-type loans that will be issued since the financial meltdown of 2008, which is a very good sign for the direction that commercial real estate is now heading in.

When lenders begin making financing more easily available to borrowers, more buyers will come into the market. As an example of this, when a property is available for sale for $1,000,000.00, but no financing is available to purchase it, the buyer then needs to come up with all cash out of their own pocket. This in itself will reduce the number of potential buyers for the property, as fewer people will be willing to now purchase the property for all cash.

But when available leverage begins to increase with more financing becoming available, and buyers are now able to purchase the property with let’s say 25% down, instead of having to come up with the entire $1,000,000.00 purchase price, more buyers will then become interested in buying the property. This then leads to the seller receiving multiple, competitive offers from more buyers, helping the seller to then obtain a higher price for their property. While at the same time, buyers end up purchasing and owning more properties that they would not have been able to purchase without the availability of this new financing.

In short, this greater availability of good financing is helpful to both buyers and sellers, and it helps to restore both liquidity and an ease in doing transactions within the marketplace again.

In their November report, Deutsche Bank commented on CMBS 3.0, the new program now being utilized to deliver CMBS to the commercial real estate community, by stating the following:

"In our view, it is nearly impossible to over-estimate just how important CMBS 3.0 is to the health of the commercial real estate market."

 In addition, there is more good news for the entire CMBS market. The vast majority of legacy CMBS loans maturing in 2013 should now be able to be refinanced. Deutsche Bank estimates that $34 billion of these loans will be refinanced, that approximately $5 billion of them will be extended, and that only $1 billion of these loans will have to be liquidated. This is a substantial improvement over the current year where only about $1 billion worth of these loans were refinanced, $500 million worth of them were extended, and approximately $4 billion in value were liquidated.

CMBS-type loans have grown to become an important component within the overall availability of financing in commercial real estate. With the way that good financing has been tougher to obtain for commercial properties within recent years, it’s exciting to see that this segment of the market is now poised to expand significantly in 2013.

This is a guest post from one of our OfficeFinder Memebrs in the Atlanta area. Contact the Author

 

Investment Real Estate , Office Space

Collaboration in Office Space Design is a Must

No Comments »

I ran across a great article on workspace design titled "A Brave New (Integrated-Business) World."  It provides a great overview of what is happening in the workplace design space with special emphasis on collaboration. Here are some excerpts:

Without a doubt, we’re operating in a brave new business world.

  • The era of cubicle farms and private offices is well behind us
  • Forward-thinking companies realize that future growth lies in the ability to create value-based, multigenerational, and interconnected workspaces
  • Rapid and ever changing technologies are driving this change for furniture that both anticipates and seamlessly integrates these advances

And speaking of integration, with technology advancing at a dizzying rate — what steps are you taking to ensure your workspace reflects this rate of change?

Integration Revolution

Today it’s not a question of whether you should acquire collaborative workspace technologies, it’s deciding what and how soon.

There are several workforce trends that are at the forefront of ushering in the furniture/technology integration revolution, namely “the office minus the office” and “innovation through collaboration.”

With these trends in mind, there are many unique challenges and opportunities for work place design.  Integrated furniture provides an opportunity to leverage the opportunities presented by this connected, global marketplace.

The office minus the office

Let’s paint the picture of the world-class modern office — what will you expect to see? Lavishly appointed offices? Think again.

One thing we can guarantee you’ll see less of in progressive workspaces is actual walls and actual (face-to-face) workers. No longer can we remain tucked away in isolation at work — seating arranged by “neighborhoods,” large-scale open spaces, free-address, “drop-in” workstations, and dedicated brainstorm lounges are all the hallmark features of the next generation of office design.

In short, we’re working in a global platform that demands transparency. Furniture that integrates technology on the front-end provides an additional outlet for the creation of collaborative knowledge, which many experts believe to be the epicenter of innovation.

Innovation through collaboration

Collaboration isn’t just a passing trend — it’s a steadfast business imperative.

Collaboration generates energy, and a workplace with positive energy will produce positive results. The numerous benefits of increased workplace collaboration have been well documented by researchers:

  • Two heads are better than one: employees who are encouraged to collaborate become more engaged at work, sparking greater opportunity for new ideas and insights
  • Companies that foster a team-centered approach to problem solving experience increased retention and productivity rates
  • Effective collaboration plays an integral role in positively influencing how well an organization, irrespective of size, will perform over time
  • The promotion of interaction provides a sustained competitive advantage to the business while boosting employee moral and overall well being
  • Plus, our global economy requires businesses to perform more with less, across multiple time zones, 24/7.

“We know that creating fluid, agile work environments that encourage collaboration will continue to be a challenge for many businesses,” said Paul Waskey, managing director for Regalmark.  “Their ability to foster interactivity in a workplace culture that encourages team-building is intrinsically linked to their ability to cultivate innovation.”

That being said, work environments now must acquire flexible and adaptive furniture solutions that integrate the very technologies driving this change.

Read More

Find Office Space

Office Space , Office Space Design

Recent OfficeFinder Tweets - We try to be relevant

No Comments »

I have not posted my tweets here in a long time. You can see what I have been following. Hope you will follow me.

OfficeFinder Sweet Tweets - Click to follow us

 The cubicle's days are numbered... of course they have been saying that for years. Maybe now it is true! http://pinterest.com/pin/2674081000436183/ …

OfficeFinder #OfficeSpace News is out! http://paper.li/OfficeFinder/1318021671 … This is our daily newspaper that gets Tweeted.

CBRE Group: Office Market Vacancies Will Decline to 14.9% In 2013 and to 13.8% in 2014 http://ow.ly/fAuif 

Demand for 'creative office' space isn't going away http://ow.ly/fAtXN 

Jack Taylor scores 138 points for Grinnell - Yahoo! Sports http://ow.ly/ftP9O 

How To NOT Look for a New Office - steps you should definitely NOT take http://ow.ly/frRt1 

The Economy and the Great Office Space Reboot http://ow.ly/frupk 

Update Office Furniture to Fit your Style Needs http://ow.ly/fgHUL 

Hurricane Sandy Shows It’s Time to Embrace Workplace Flexibility http://ow.ly/flTzx 

#Coworking Spaces: What You Can Expect http://ow.ly/femGr 

5 Jaw-dropping Corporate Campuses http://ow.ly/femtI 

Program Your Office To The Changing Workplace http://ow.ly/fgHST 

Amazing Startup Offices are the New Normal | #officespacehttp://ow.ly/fem97

Do You really Have The time? | Tenant Tactics #officespacehttp://ow.ly/fgGnC 

Office Myth: All Office Coffee is Terrible. http://ow.ly/fgHOL 

The Rise of the New Contract Worker - More and more people are choosing a contingent work style Harvard Business Review

CoWhat? Workspace Design Models, Part 2 Will contractors will become more important than full-time employees? ”http://ow.ly/fhPwq 

6 Tips for Negotiating a Commercial Property Lease without Getting Burned | http://SBA.gov  http://ow.ly/fehso 

9 Office Leasing Tips Every Businessperson Should Know - http://ow.ly/fehGM 

4 Questions To Ponder When Branding Your Workplace http://ow.ly/felWp 

How to Structure a More Flexible Office Lease http://ow.ly/fewbZ 

33% of Lower Manhattan office space uninhabitable http://ow.ly/fcaeI 

Office space without limits - no matter how flexible, does not cut it http://ow.ly/fajGn 

Find Office Space

By: James Osgood

Coworking office space , Flexible Workspace , Manhattan Office Space , Office Leasing Tips , Office Rental , Office Space , Office Space Negotiations

The Future of the Office Building

1 Comment »

Gensler has presented their study of the future of the office building via video. Fascinating! As our workforce becomes more mobile, the office building will need to evolve and move away from housing employees to a function of servicing them. The future may be here before we know it!

Click here to view video

 

Find Office Space

Flexible Workspace , Office Space

Moving Out of the Home Office: The Pros and Cons

No Comments »

Working in a home office space can be challenging. As your business grows, you quickly run out of room in the home and will want to move into one of the options for professional office space.

First, let’s consider the pros and cons of choosing to move out of your home office:

Pros:

  • You will have a space in which to work that is quiet and professional in appearance.
  • You can still work any hours your schedule permits.
  • The cost of non-traditional office space is very affordable
  • You can more easily keep your documentation separate from personal work you do at home
  • The cost of an office space may provide certain tax incentives that you can check out with your accountant.
  • You can meet clients in a professional business setting rather than in your home or a coffee shop.
  • There are no worries about children sneaking in to use your computer or other hardware and potentially damaging important business 
  • You may attract clients from those people walking by your office who see your logo or signage.
  • You have increased professionalism and can more easily advertise and brand your business.
  • You will almost certainly have a more organized office space and can choose a larger space if you desire or need it.
  • As your business grows, it will be much easier to add employees to a commercial office space rather than having employees in your own home.
  • You will have more and better parking for clients.
  • There will be no distractions from your work, allowing you to be more productive.
  • You will have better networking ability as you meet new potential clients in the area of your office space.
  • Working at home can be lonely since there are no non-family social contacts. Moving into a commercial office space allows you contact with others, making your outlook more positive overall.

Cons:

  • You do have to commute to your new office space rather than walk into another room in your home, even when the weather is very hot, really cold, rainy or snowy.
  •  It is difficult to share transportation with the other family members when working away from home, so you need your own designated vehicle.
  • You may need to invest in additional computer equipment and other hardware so that you have technology in your office space as well as at home for non-business use.
  • No matter what type of office space you choose, there is some overhead involved, no matter how small
  • Cleaning and upkeep of your space will be your responsibility, whether you do this yourself or hire someone else to do it.
  • You will need to sign a lease or other type of binding agreement to obtain the office space, committing you to have your business reside in the selected office space for a specific time.

It is easy to see that there are many more pros to leasing a traditional or non-traditional commercial office space.  Once you have decided to take the big step and move out of your home office, you will want to seek the assistance of a professional qualified Office Finder Tenant Representative, sometimes called a Tenant Broker. You’ll have an expert on your side to help you locate the perfect office setting at an affordable cost. You will also have a knowledgeable liaison when negotiating the lease or rental agreement for your new office space so that you can get the most benefits with the least hassles. The assistance of an experienced Tenant Rep can save you a great deal of money over the period of your rental agreement by ensuring there are no hidden or unnecessary costs.

In the next segment on moving out of the home office, we will look at the options for office space so that you will know what type of office will best suit your needs at this point in your business growth. 

Find Office Space

By: James Osgood

Home Office , Office Relocation , Office Rental , Office Space