The Tenant-Buyer's Bottom Line Secrets
 
January 2010
 
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Happy New Year! I hope your holidays were great.  As you get back into business mode, remember that there promises to be lots of negativity in the market place as there was last year.  One of the best quotes I read was in a real estate book by AD Kessler who said, "There are no problem properties, only problem ownerships."

Still, 2010 and beyond promises to continually be a tenants and a buyers market. That means commercial business operators should make sure they take advantage of that wave. Be careful but be decisive in 2010 and ask for help when and where you need it. There are some great professionals still out there providing incredible value!
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Happy Holidays!
Rob Cassam

Carolina Realty Advisors 
704-442-1774 Ext. 100


Costly Mistakes To Avoid When Moving

Unfortunately many people find out far too late that there is more to moving a company than just calling a mover and setting a date. They are overwhelmed with the details and steps required. According to a survey of 231 law firms relocating to new office space, the biggest problems they had to deal with were:

Insufficient planning 52%

Selecting vendors 37% 

Cooperation, teamwork and morale 29% 

Disposal of obsolete files 21% 

Forgetting important tasks 19%

Keeping within the budget and schedule 11% 

Matching files to offices 10%

A Relocation Management study revealed almost two-thirds of the people responsible for the relocation of their company were either fired or demoted after the move.  Other took time off for stress related ailments.

So how can these mistakes be avoided?  They can be avoided by setting up a process and first asking the following:

Who is in charge? From the start decide who is responsible for the move. Even if you have a move committee, someone will always have to make the final decision.

Start planning early- Henry Ford said, Before everything else, getting ready is the secret of success.

Get the word out- The company rumor mill can impair morale.  People in general, fear change and uncertainty. Tell people what is going on, and how it will impact them. You will be surprised at what they will tolerate and how much they will help out if informed.

Focus on the details- If you do not know what the details may be, then find out.

Allow enough time-  Take in to account Murphys Law and things always take longer than planned. Make sure you have cushion in your schedule for delays.

Use checklists- A small company must consider a hundred or more activities; a large company upwards of a thousand.  There are just too many things to remember. Use checklists to help assign, organize and track your progress.

Finally, a good tenant broker or buyers broker should be able to assist you in getting resources together for the move including the checklists!

 

How Is Commercial Real Estate Performing?
Integra Realty Resources has released their preeminent 2010 real estate economic forecast publication, IRR-Viewpoint. This marks the 20th year our publication has been providing information pertaining to economic growth, capitalization rates, discount rates, and market-by-market value trends for major investment grade real estate.

Highlights of this year's study include:
-  Extensive data about the local and national market conditions for multifamily, office, retail, and industrial property types.

-  Special sections on lodging, gaming, seniors housing, green buildings, and self storage sectors.

-  A summary of the Mexican and Canadian real estate markets.
Overview of demographic and economic trends and how they affect the real estate market.

This year's Viewpoint was compiled by our real estate experts from 59 offices across the country. With over 850 analysts and staff nationwide, 160 of whom hold MAI designations, Integra offers local expertise - nationally to provide you with invaluable insights in the future real estate market. Click Here to get your copy.

Please remember this is CORPORATE INVESTMENT grade real estate meaning the study was based upon large commercial transactions. It can be a useful indicator for smaller property owners.
In This Issue
Costly Mistakes To Avoid When Moving
How is Commercial Real Estate Performing?
Resource
Announcement 

Class A Office Space For Sale and For Lease In Huntersville

Personal Note
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Contact Information
Rob Cassam, MBA, CCIM
Carolina Realty Advisors
201 W. Morehead St. Suite 200
Charlotte NC 28202
Tel: (800) 587-4066 Ext. 100
Fax: (704) 442-8841

robcass@ix.netcom.com
www.charlotteNCproperty.com
What I do...

I provide real estate brokerage services for small and medium sized businesses, investors, and individuals who are fed up with loosing money, paying too much, spending too much time not getting the right piece of property for their particular situation.

 

I act as the quarterback in the real estate transaction for my clients who coach me in managing all of their different needs. 

 

My clients love not needing to worry about making bad decisions or bad investments and love winning negotiations.

Ask yourself these questions:

What types of growing pains is your company facing with your location?

Are rising occupancy costs a challenge your company is facing?

Is having too much space or not enough space a challenge your company is facing?

How much of a problem is dead equity in your property for you?

How long are you prepared to go on doing nothing about situations in your business that are not quite right?

 

Give me a call, I may be able to help with your lease or purchase!

 Carolina Realty Advisors

charlotte nc commercial real estate leasing
How To Lease Commercial Property