If you are considering leasing or buying a property, you need to know the difference between Rentable and Useable Square footage.

Usable Square Footage

The usable square footage of an office space represents how much space your firm will occupy. It includes the whole floor area within the walls of the space that you are leasing. This is the number that you'll have to consider when deciding whether or not an office is adequately sized for your needs.

Walk Score measures the walkability of a property’s address using a patented system. For each property, Walk Score finds hundreds of walking routes to the nearest amenities. Points are assigned based on the distance to amenities in every category. Amenities that are within a 5-minute walk get maximum points. A decay function is applied to give points to more distant amenities, and no points are given after a 30-minute walk.

2020 and the years ahead won't come without difficulties for the commercial real estate market. In the United States, certain Commercial Real Estate sectors may be affected by oversupply. the Urban Land Institute states that construction during the current cycle has been below historical trends, but as the cycle matures, we need to look at whether markets are becoming overbuilt. Oversupply may be around the corner for these Commercial Real Estate Sectors:

The main aim of Opportunity Zones is to encourage long-term investments, especially in low-income rural and urban areas throughout the country, and to boost the economy. An Opportunity Zone is an economically distressed rural or urban community that has been identified by state, local, and federal qualifications.

In these ever changing times, a retail landlord may find that they are stuck with an empty retail space. Recent retail trends, and the impact of closures due to Covid-19 have made it difficult for brick and mortar businesses to stay profitable.

However, there are many retailers who have found ways to adapt to this new environment. Although long-term creditworthy tenants are necessary– short-term tenants are also a good option, particularly in well-located areas.