Tatham Property Solutions
Corporate Real Estate Advisors

Commercial Real Estate News

 

Read the latest in commercial real estate from our ITRA partners around the world.

As Texas Governor, Greg Abbott, announced plans to re-open the state’s businesses with a phased approach, many small business owners remain concerned about how to pay office rent in light of the COVID-19 pandemic. Fortunately, two small business owners approached the City of Houston as they join forces to help other small businesses. Brandi McDonald Sikes, president of Limestone Commercial/ITRA Global, and Connie Rankin, past president/CEO of Customized Real Estate Services (CRES), now acting director with Limestone Commercial/ITRA Global.

Carrie Holstead, Chairman Emeritus of ITRA Global & President & CEO of Carrie S. Holstead Real Estate Consultants, Inc. / ITRA Global recently moderated a webinar for ITRA Global about the Impact of COVID-19 on the workplace.  A Special thanks to Heinz MacSwain who provided a fascinating global perspective based on his 20 years of experience as a corporate real estate executive with Wells Fargo Bank.

As we continue our focus on ways to help clients during the pandemic-driven shut down of offices, this article provides the five key questions to ask in order to understand how your landlord will assist in protecting the health and safety of your employees and help overcome their concerns about returning to the workplace.

“Can I get rent relief from my commercial landlord because COVID-19 has impacted my business?”  This may be the question that Jason Stagman, Stagman Commercial Real Estate Advisors/ITRA Global has fielded most frequently since the entire COVID-19 episode began two months ago.

As COVID-19 Forces Business Closures, SIOR Tenant Advisory Steps Up

ITRA Global will hold its next conference in Houston, Texas on October 23 - 24, 2020.  ITRA hosts two private conferences per year.  Conference attendees are the principals from all the ITRA Global offices worldwide along with featured speakers and guests.

For tenants with net leases, the annual expense reconciliation bill from your landlord will arrive soon.  While sometimes tenants receive a credit, often they receive an invoice to pay.  In either case, your company should carefully review the expenses passed on to you by your landlord for the prior year. 

Across most U. S. markets, the amount of available industrial space is at extremely low levels.  The rise of e-commerce businesses along with a robust U.S. economy have resulted in historically low levels of vacant space.  While there is new construction of industrial space in most cities, rental rates are generally expected to increase in the coming years for new and existing industrial buildings.

For both office and industrial tenants, the cost of tenant improvements has never been higher.  Twenty years ago, tenants were often able to relocate and have the landlord cover most of their costs with a 5-year lease term.  With today’s higher costs, that has changed.

ITRA Global, an organization dedicated to representing corporate tenants and occupiers in their real estate initiatives, is pleased to announce four established corporate real estate firms have recently joined the organization.