Blog
Hidden Costs in Warehouse Relocation (And How to Minimize Them)
Relocating a warehouse involves much more than just leasing a new building and hiring movers. In any warehouse move, there are many hidden costs that can surface along the way. Some are predictable, while others are easy to overlook. The complex process of moving to a new warehouse can lead to better efficiency, ideal positioning, greater capacity for expansion, a better labor pool, and many other benefits. However, without careful planning and attention to direct and indirect costs, a warehouse transition can incur unplanned for fees and extended downtime. The best way to ensure a successful move is to be prepared for the costs ahead of time – and to find ways to minimize them when possible. Let’s look at 20 hidden costs in warehouse relocation that may not be on your list, and how to reduce them while preparing for a smooth transition to your next warehouse building. [...]
How to Choose the Best Sustainability Features in Industrial Real Estate – Top 10 to Consider
Sustainable features in commercial buildings do more than just reduce your building’s carbon footprint – they can also slash your utility bills, create a healthier workplace for your team, and increase property values. Whether you’re a tenant searching for an industrial location with the most important sustainability aspects, an investor choosing the highest-impact adds, or anyone looking for easy ways to create a greener building, this article will explore the top features to consider for sustainable properties. […]
5 Ways Flex Office Space Supports Hybrid Work Compared to Traditional Offices
According to 66% of employers, a hybrid work model leads to increased productivity among employees. So it’s no surprise that as Covid-19 necessitated a push toward the rise of remote work, employers have continued to adopt the gravitation toward flexible workspaces, hybrid teams, and a better work-life balance for their employees. However, while the hybrid model existed before 2020, its recent explosion is still a learning curve for many companies. What type of office space supports remote workers and hybrid workplace models? What amenities are necessary for catering to the needs of employees, so that they want to return to the office for necessary collaboration? What are the best office layouts within the space (lounges, hot desks, private pods, collaboration areas, etc.)? How do employers grapple with scalability and agility when the number of office workers on any given day isn’t static? What strategies cultivate higher job satisfaction and workforce [...]
Understanding Office Space Classifications – Class A, B, and C Buildings Explained
Building classes are a method of organizing office space and other commercial properties into categories which demonstrate their value. Office spaces are classified into Class A, Class B, or Class C by taking into account features such as the condition and age of the building, amenities, market location, infrastructure and building materials, design and curb appeal, and more. While older buildings in less desirable areas may be grouped into the Class C category, the highest quality buildings with best-in-class amenities and located in a central business district are slotted into Class A, and procure the highest rents relative to the area. […]
Business Location Demographics – Why They Matter and How to Assess Data
A great business in the wrong place is no longer a great business. No matter how innovative your business model is, if it’s not in the right demographic location, it won’t succeed. A deep dive into the local demographics of any potential business location offers invaluable insight into influential factors such as income level, population age, home ownership type, and education level. This information plays a crucial role in not only determining whether an area is a strategic choice to plant your business, but also helps to tailor customer experience, adjust marketing tactics, adapt inventory, and project future performance. Whether you’re looking for the perfect business location for a startup or seeking the right location for a company expansion, demographic data is crucial for making successful business location decisions. […]
10 Office Space Layout Features You Can’t Skip When Choosing a Lease
An office layout that looks promising can wind up harboring dozens of hidden problems. When you’re looking at an available space to lease, finding a location with the right layout is a great start. But office space planning is much more than just comparing a traditional office layout with a team-based layout or checking off all the amenities on your list. While a careful assessment of the floor plan is a great place to start, effective space planning and building assessment requires a thorough look at much more than just the layout. Design flexibility, ventilation, lighting, and hidden structural limitations are just a few features that require meticulous review before closing on an office lease. Well-planned offices play a crucial role in boosting employee productivity, maintaining a high level of job satisfaction, representing the company’s brand well, and minimizing the need to move on before the lease is up. On [...]
