As featured in the Portland Business Journal, Tyler Dean explains the additional costs to leasing or buying commercial real estate.
The past several years have favored landlords and sellers throughout the Portland metro area across all industry sectors. Vacancy rates have seen historic lows and developers have had trouble keeping up with demand for new product, which has left business owners with relatively few options when it comes time for new space. Navigating the intersection between future business growth and real estate needs remains a primary focus for small to mid-sized business owners. Controlling the occupancy cost can be a valuable and often overlooked priority. When evaluating commercial real estate, business owners can expect much more than the base rent or mortgage payment to account for total occupancy costs...[click here to continue reading]