There are plenty of perks to being a commercial landlord — you bring in extra revenue for yourself, and you’re providing other business people a brick-and-mortar place to achieve success. But if you want to retain the best long-term tenants, you have to commit to being the best landlord you can be. Just as your…
DetailsNewest team member of Murphy Commercial Real Estate opens up about his business philosophy, what drives him, and why he loves his new career path “Sometimes, your career just kind of finds you,” explains Camp Kilcollin, an Annapolis resident who recently joined the team at Murphy Commercial Real Estate. Although his background in economics, as…
DetailsSo, what’s the big difference between residential and commercial real estate? If you’ve considered investing in real estate as a means of supplementing your income — congratulations! There are many opportunities for success ahead of you if you plan accordingly and make wise choices. The first hard decision you’ll have to make as a real…
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 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…
DetailsEven 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…
DetailsWhen 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…
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…
DetailsWe’ve recently just come out of the longest government shutdown in history, and unfortunately, it may shut down again very soon. During the 35 day shutdown, institutions without 2019 spending plans were affected most, including Agriculture, Commerce, Homeland Security, Housing and Urban Development (HUD), the Interior, State and Treasury. Sadly, an estimated 800,000 government workers…
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