At the dollar store, everything's a dollar - that's price transparency. What isn't price transparency? Try buying a car. What looks like a deal may not be after reading the fine print. Leasing an office, warehouse or retail space is can be even worse with the fine print taking the form of a 30 page lease. That's why you need professional tenant representation to save time, money and aggravation.
Here is an audio version an of my interview on Yardi's Commercial Café blog . The blog covers market data, technology, urbanism, design and more. Which makes you wonder why they would interview me. The interview was actually conducted by email from Romania. But my wife Lisa handled the questions on the audio from KensTrends’ Boca Raton Studios.
With all the craziness going on in the world right now, I decided to dig into the archive to revisit and update one of my lighter pieces from 2012. Join me and my guests Barack Obama, Justin Bieber, Donald Trump, Hillary Clinton, Kim Kardashian, Katy Perry and Ronald Reagan for a fun and deliberately nonpartisan look at politics, social media and economic development.
CBD is one of the most commonly used terms in commercial real estate, but the definition has changed. “Central Business District” was a more impressive way to say Downtown and non-CBD was suburban. Today, CBD is impacting the Commercial Real Estate market in a different way.
So the economy was riding high, businesses were thriving and the commercial real estate market was seeing all-time high rental rates and historically low vacancies. Then a virus hits and everything is in chaos. On March 18, the CEO of Cheesecake Factory sent a letter to all of his landlords saying they won’t be paying their rent on April 1. I don’t think anyone told him that April Fool’s day was postponed due to the coronavirus, but this is no joke.
A little about my background and my blog.