Even with the strongest of entrepreneurial spirits, you were probably daunted by the thought of going out on your own when you started your business. But after successfully running your business out of your house comes the next big, nerve-wracking step: moving your home-based business to its own commercial space. Are you ready for the…
When the first shopping mall opened in Edina, Minnesota in 1956, no one knew how this once unique scene would shape the future of consumer shopping habits. Fast forward to over 60 years later, and shopping malls are now everywhere; the Baltimore-Washington region alone has over two dozen malls to choose from. Unfortunately, though, shopping…
Your office space is much more than a place where you run your business—it can dictate the success of your organization, the type of talent you attract, and the productivity and creativity of those who work for you. Given the importance of deciding on a suitable office, which involves considerations like location, demographics, and everything…
Influential trade decisions and tariffs, such as the ones affecting the prices of steel and aluminum, have a long-reaching effect on thousands of businesses in the United States, including those in the commercial real estate industry. Although the long-term effects of these tariffs will be unknown for a while, we can at least make educated…
The United States has always been a haven for small businesses, particularly those operating in the retail space. But with the age of the Internet and an eruption of countless choices for consumers, these once-thriving retail stores are now closing their doors in scores—a trend that’s left many business owners wondering what went wrong. Interestingly,…
In 2011, 35% of Americans owned smartphones; now, in 2018, that number has grown to 77%. With the rise of smartphones has come to a sense of dependence on these useful devices—from business applications to social media, our phones make daily tasks much, much easier. As a direct result of this dependency, and the accompanying…
The Anne Arundel County Executive recently announced seven bills that would impact the development process in our area. Let’s take a closer look at these seven bills and what they would mean for development in Anne Arundel County. Bill No. 17-18 Bill No. 17-18 details the possibility of implementing a temporary moratorium on certain rezonings…
Business is rapidly becoming an integral part of a consumer’s online experience–you can now virtually shop for anything from groceries to cars and commercial real estate locations. The rise of e-commerce is most plainly seen in the downfall of once major brick-and-mortar retail shops like Sports Authority and Wet Seal. Despite these recent changes in…
Commercial building owners are always looking for ways to save more money, and one often overlooked resource is energy efficiency. Notably, research shows that utility bills–including energy bills–represent one of the highest operating costs for building owners nationally, more than taxes and insurance. To recoup these costs, most building owners pass these expenses onto their…
On December 22, 2017, President Trump signed the new Tax Cuts and Jobs Bill into law. The bill will provide a multitude of benefits for commercial property owners and is being hailed as a victory by every corner of the commercial real estate industry, including the NAIOP and the Real Estate Roundtable. Let’s take a…