First it was the workforce. Then the healthcare system. And now real estate. Boomers are again making waves in the local and even the national economy by buying up commercial property at a heightened rate.What’s behind the trend? It’s pretty simple: they need the money. For years, boomers saved for retirement the same way we do today: IRAs, 401ks and pensions—all of which depend on stocks. While historically stocks have been a pretty good investment when competently managed over the long haul, it ... read more

Business owners know: mistakes can be costly. And when those mistakes involve your office space, they can mean the difference between success and failure. Following are the five most common mistakes businesses make when leasing office space.#1 They fail to plan. Before you begin your search for commercial property, it’s important to know how many square feet you’ll need not just for now but for the next five years—since that’s the average length of a commercial lease.#2 They don’t unde... read more

One of the biggest decisions many businesses will ever make is where they locate their business—a decision that goes beyond the city and right down to the actual physical space. It’s a decision driven by many factors, including everything from size to accessibility and visibility.  But as in all things with business, cost is often the deciding factor. That’s why it’s important to understand leasing and buying options and the pros and cons of each. The primary considerations are fiv... read more