When you’re opening up shop or moving an existing business to a new location, it’s natural for you to think about the area where you’re looking for real estate — you want to know about the demographics there, how close you are to major interstates and what other businesses will be nearby. But what about…
DetailsThe commercial real estate industry has far-reaching effects across nearly all other industries. As we’ve learned from our decades of experience in commercial real estate, each new year brings a unique set of challenges that we must contend with as well as thrilling developments that we welcome and enjoy. While not all predictions come true,…
DetailsReal estate is a sound investment, offering incredible potential for a steady passive income. And when done right, renting out your property can involve very little work from you personally. But if you don’t consider what goes into a successful rental business, your property could easily become a costly headache. Let’s review some tips and…
DetailsAnother locally owned business has found a new home, putting it in a better position for further success and growth, thanks to Murphy Commercial Real Estate. MRE Properties recently welcomed Rutabaga Juicery & Eats into a long-term lease agreement at 4 Ridgely Avenue in West Annapolis beginning in the spring of 2020. Great Opportunity For Local Business Joe…
DetailsOn May 27, 2018, eight inches of rain pummeled the streets of historic Main Street in Ellicott City, Maryland, flooding homes and businesses alike in a span of two hours. After the storm, it was quickly apparent that the town had a lot of rebuilding ahead. But as is the case with most storms, it’s…
DetailsLeasing a commercial property that you own can be rewarding — first and foremost, you’re bringing in revenue; secondly, you’re providing space for another business owner to establish themselves and serve their customers. But before you list your commercial property, there are a few important considerations you should bear in mind. Running through this short…
DetailsIf you’re in the market to rent an office, or you’re looking to buy commercial property to lease to tenants, you might have heard about spaces that are classified as A, B and C. What exactly does all of this mean? In short, office classes are a general way of categorizing commercial properties based on…
DetailsAnother Company Finds A Home Thanks to Murphy Commercial Real Estate Another local business is now expanding its reach by moving into a new brick-and-mortar location. Next Step Realty, along with its subset W Home Group, has opened up in Annapolis at 220 Somerville Road, Suite 200. This Annapolis office is the third and latest…
DetailsAccording to the NAIOP Research Foundation’s “Economic Impacts of Commercial Real Estate, 2018 Edition”, Maryland ranks number seven in the United States in terms of state gross domestic product generated by office real estate development. The report further stated that commercial real estate in Maryland supports nearly 48,000 jobs and contributes $7.78 billion to the…
DetailsMurphy Commercial (MCRES), a full-service commercial real estatebrokerage, announced today the purchase of 7168 Columbia Gateway Drive by SuprTEK, Inc. The 41,094 square foot Class A office building was sold by Exeter Property Group Inc for $6,780,510. Laurie Zuiderhof represented the buyer of the transaction, and Scott Dougherty with Exeter acted on behalf of the…
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