When it comes to tenant retention in retail spaces, there are many ways commercial property managers can succeed. As such, leasing agents and landlords are often pressed to find creative solutions for vacant retail space—especially if it has sat empty for an extended period. Unoccupied retail spaces can pose a strain on the property owner's finances, and they can become an eyesore for locals or a target for thieves and vagrants.
However, these issues can be remedied when the owner begins to think outside of the box concerning the use of the space. It can be rented out for the short or long term as an alternative to full-time tenants. This is a good option for owners lacking investors or funding to renovate and those who want to embrace the modern
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Those who own commercial real estate in Nashville or any other city are likely already aware that there will be taxes to pay at the culmination of the year. Commercial property tax determinations involve factoring in four general categories: property, federal, state, and local, and rental or sales tax. This process drastically differs from that of residential property tax assessments. Keep reading to become an expert on commercial real estate property taxes.
Businesses are looking for every edge to recruit, support, and retain top employees. Amid the rise of work-from-home culture, more and more Nashville companies are returning to their offices. They recognize they can redesign offices to make employees happier, healthier, and more productive. When it comes to designing the perfect office, buyers need to know what qualities to look for in the Nashville commercial real estate market. Keep reading to learn about the best workplace designs for less stress, more productivity, and happier employees.
A motivational speaker began a presentation by showing the audience two presents. One was gorgeously wrapped with a fancy ribbon, and the other was in a crumpled paper bag. "These both contain the same gift," she said, "but which would you rather receive?"
Many benefits await anyone who decides to manage a Nashville commercial real estate investment. Operating a commercial rental space in Nashville means extra income while providing other businesses with a brick-and-mortar space for their operations to be successful. Overall, the key to success as a commercial property manager is to create situations that are mutually beneficial to the tenants and the property owner. Wondering how to attract good tenants and best manage your commercial investment? Keep reading for the ultimate guide on finding success as a Nashville commercial property manager.
Sustainable construction and remodeling have gone mainstream. Green buildings are no longer futuristic or experimental. Today's green practices – using energy efficiently, reducing waste, considering the building's impact on the environment – aren't just for homes. Commercial real estate owners are getting in on the trend, and there are plenty of good reasons why. Keep reading to learn why so many Nashville commercial real estate investors are switching to more sustainable practices.
Hundreds of Fortune 500 companies have adopted solar power, but green energy isn't just for the big players. Technology is changing commercial real estate, and small businesses everywhere are discovering the advantages of solar-powered workspaces. It doesn't matter how big or small a business is, the energy cost savings and the other benefits of going solar are available for any operation.
Commercial real estate is the right Nashville investment, and technology plays a significant role in boosting sales, profits, and interest in investment properties. Not only is it affecting these areas, but technology has become engrained in the ways companies operate, promote, and increase profits in their business overall.
After several delays, the Financial Accounting Standards Board's (FASB) Accounting Standards Update Leases (ASC) is going into effect on December 15th. This new standard is called ASC 842, which significantly impacts how both public and private businesses in Nashville and nationwide manage, account for, and ultimately report leases—including property and equipment.
Nashville, Tennessee, is laden with history, and locals appreciate preserving historic structures whenever possible. Across the city, there are numerous converted landmark buildings in use as businesses and for multi-family housing. With so much interest in Nashville commercial real estate, many investors are looking into restoring historic buildings for commercial purposes.