Choosing a Commercial Real Estate Broker

Choosing a Commercial Real Estate Broker

How do you choose a commercial real estate broker? This is how we choose a real estate agent when an assignment takes us out of our home base of Long Island.  In that case, we often need the expertise of a local agent to assist us with properties, zoning,...
How long is a lease?

How long is a lease?

What is the optimum term for a commercial lease from the tenant’s point of view? A good question, but there is no “one-size fits all” answer on this one.  The tenant’s objectives play heavily into a decision on lease term.  Let’s talk about some of the...
Signs the recession may be ending…

Signs the recession may be ending…

I have always taken “leading economic indicators” with a grain of salt. But there are signs out there that the logjam is finally breaking up. A barometer that I have used for years is, “How often are our properties being shown by the entire brokerage community?”...
Keeping Heating Costs Down

Keeping Heating Costs Down

Winter is knocking at our door!. Are you wondering what you can do to help keep those heating cost down? Here are some suggestions: Make sure your windows and doors are properly sealed. They may need re-caulking. They may even need to be replaced. Check to see if the...
Overall Vacancy Rate in the Nassau-Suffolk Marketplace

Overall Vacancy Rate in the Nassau-Suffolk Marketplace

The third-quarter CoStar report shows an overall vacancy rate of 5.9% in the Nassau-Suffolk marketplace. This compares very favorably with an average national rate of approximately 10%. Not surprisingly, with its huge pool of industrial buildings, the swings on Long...