Commercial Real Estate

Are we there yet? 2014 Mid Year Office Market Trends

Commercial Real Estate 2014 Mid Year Office Market Trends By there I mean where the real estate values are increasing at a point above the measurement of the annual rate of inflation. The Consumer Price Index (CPI-U) has increased 2% for the past 12 months through July 2014. This percentage change year or year is a key indicator for the economy. By analyzing the national data – YES, we are there! Keeping in mind the real estate trends vary regionally and with the quality of the product. Looking at the global market and the Vacancy Rate – the CRE industry uses this to track trends and an indicator of the balance of supply and demand for office space. Here are a few of the findings in the national vs local office markets for Vacancy Rates and rent trends. Based on the Costar’s mid year review the national vacancy rates for leased and [...]

By Peggy Gallagher|2014-09-09T13:24:08-04:00September 4, 2014|Commercial Real Estate, Corporate Office Space, Philadelphia|

Finding Office Space in Philadelphia

Finding Office Space in Philadelphia Whether you are from the Philadelphia region, or not, when it comes to searching for commercial real estate office space it is not as easy as hopping on the web to do a search. Leasing or purchasing space needs to be seen as an investment with the opportunity for your business to grow, or make changes, without having to sell/move again for maybe a 3,5, 7+ year period. Some of the obvious options for leasing commercial offices space are located in Center City Philadelphia, which is well known for its skyscrapers with amazing views. But what about finding the right solution for your actual needs long term. How do you know you are seeing all the opportunities that can meet your criteria? How do you know which Landlord’s are a little more motivated, maybe due to a higher vacancy, or another project they want to [...]

By Peggy Gallagher|2018-12-05T13:02:00-05:00June 14, 2014|Commercial Real Estate, Corporate Office Space, Philadelphia|

LaSalle University Economic Outlook Luncheon in January

Monday, January 20, 2014 Do you take it for granted like I do, that we have such a stable banking system in the United States? I was reminded why we have such a stable banking system by Dr. Plosser when I heard him speak at LaSalle University’s Economic Outlook luncheon on 1/14/2014. Dr. Plosser gave us his Perspective on the Economy and Monetary Policy…. He made a point that he was giving us his opinion and not the opinion of the Open Market Committee which he serves on. We were refreshed on the history of the Federal Reserve which was created by Woodrow Wilson in 1913. Congress sets its goals, and the last time the goals were set was 1978. One thing unique about our central bank is that it is comprised of12 regional banks for diversity. There were over 400 + people there and a reporter from Wall Street [...]

By Peggy Gallagher|2014-02-14T10:16:49-05:00February 13, 2014|Commercial Real Estate, Peggy's Travels|

How are CRE professionals paid for their services?
Gallery
How are CRE professionals paid for their services?

Commercial Real Estate

How are CRE professionals paid for their services?

Whether it is a sale/equity transaction, or a lease between owner and tenant, CRE agents receive a commission at settlement, or upon the signing of the lease. The amount of commission is often calculated as a percentage of the lease, or sale value, which often ranges from four to six percent, more or less. For example if a tenant signs a lease for a 2,000 square foot office at $21 per square foot, a 4% commission to the real estate agent would amount to $5,040.00 (3 years X 2,000 SF x $21 x 4%). The owner of the leased building pays the agent’s commission: typically one –half on the signing of the lease and the remaining one half when the tenant begins occupying the building. In many lease, transactions there are two CRE firms involved, both could represent the owner of the building (sub agent and agent), or one could [...]

By Peggy Gallagher|2014-02-07T12:26:53-05:00February 1, 2014|Commercial Real Estate|

2013 Commercial Real Estate Year End Report by PGCRE

What is happening with the Office Market after the 2008 – 2009 drop in Value and Demand, and being out of favor with investors? Whether your business leases offices, or directly owns the building, you may find value in news on the status of trends in the Commercial real estate market in the Philadelphia region, and nationally. There is so much to say and so many statistics to reference. But, here is a quick short synopsis to give you a feel for the direction of market trends for planning purposes. Click here to download my free 2013 report for our region!

By Peggy Gallagher|2013-12-23T20:15:00-05:00December 19, 2013|Commercial Real Estate, Corporate Office Space, Philadelphia|

How does the Commercial Real Estate Industry WorK?

Do you know how the Commercial Real Estate industry works, aka CRE? Here is a quick education if you are considering to rent, lease or purchase an office space or office/industrial building. Most owners of a commercial real estate property will engage in a contract with a commercial real estate agent, much like a residential realtor. This engagement would be for the sale, lease or renting of the property. In this scenario the real estate agent is responsible to represent the building owner and the property during the sale or lease and responsible for marketing the availability of the space. There are many segments in the Commercial Real Estate industry based on the types of property. Here are the 4 main categories you will find among commercial real estate agents. Retail Office Industrial Multi-family 2 Subcategories: Hospitality and Medical. Most represent the seller or landlord during the transaction. If you [...]

By Peggy Gallagher|2013-12-13T11:22:06-05:00December 9, 2013|Commercial Real Estate, Newsletter Articles|