If 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…
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…
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…
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…
DetailsThere 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…
DetailsCreating the Ideal Workplace for Employees The space that your business calls its home — and where your employees often spend eight or more hours a day — plays a huge role in the happiness of those who make your company run and their ultimate productivity, but creating an ideal workplace isn’t always easy. In…
DetailsNo matter what your role is in a commercial real estate transaction — whether you’re a buyer or seller, a lender or a property manager, or even a broker or an investor — you are better equipped to make an informed decision after you consider a commercial property assessment. But just what exactly is a…
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…
DetailsWhen a landlord and tenant sign a commercial property lease, there’s a lot that the two parties are agreeing on — which is why there are several types of commercial property leases. There are many expenses that come with using a piece of property. Yes, there’s the rent, but there’s also property tax, property insurance,…
DetailsIf you’re making your move into commercial real estate, even if you already have some experience under your belt in residential real estate, there are going to be a few commercial real estate terms you should know. Having this new vocabulary will help you navigate the complex world of commercial properties and ensure two very…
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