Conforming Use vs. Non-Conforming Use + Examples
Conforming Use vs. Non-Conforming Use + Examples In commercial real estate, the terms “conforming use” and “non-conforming use” refer to whether a property use complies with the zoning regulations set by local authorities. Zoning regulations are rules that dictate how land and buildings can be used within a specific area. Here’s an explanation of these […]
What’s a Variance? + Examples | Commercial Real Estate
What’s a Variance? + Examples | Commercial Real Estate Zoning regulations play a crucial role in shaping the physical and functional aspects of a community. They classify land into different zones, such as residential, commercial, industrial, or mixed-use, and specify what types of activities or developments are permitted in each zone. However, these regulations can […]
Zoning | Commercial Real Estate
Zoning: Commercial Real Estate Zoning in commercial real estate refers to the process of dividing a municipality or jurisdiction into different zones or districts, each with specific regulations governing land use, building structures, and development. Zoning is a tool used by local governments to manage and control the use of land, ensuring that it aligns […]
What’s a Modified Gross Lease?
What’s a Modified Gross Lease? A modified gross lease is a type of commercial real estate lease that combines elements of both gross leases and net leases. In a gross lease, the landlord typically covers all operating expenses, including property taxes, insurance, and maintenance costs. In a net lease, on the other hand, the tenant […]
Earnest Money in Sales & Leasing | Commercial Real Estate
Earnest Money in Sales & Leasing | Commercial Real Estate Earnest money in commercial real estate, whether for sale or lease transactions, serves as a demonstration of the buyer’s or tenant’s serious intent and commitment. It adds a layer of assurance to the seller or landlord that the party expressing interest in the property is […]
Scottsdale Airpark | Commercial Real Estate | Zoning
Scottsdale Airpark | Commercial Real Estate | Zoning Zoning plays a crucial role in shaping the commercial real estate landscape. Common zoning in the Scottsdale Airpark (specifically near “SDL” – Scottdale, AZ Airport) can typically be seen as I-1 (industrial park district) in particular. Followed by a mix of neighborhood commercial (C-1), central business (C-2), […]
Common Misconceptions in Commercial Real Estate
Common Misconceptions in Commercial Real Estate Navigating the commercial real estate landscape can be complex, and several common misunderstandings can lead to potential pitfalls. Here are some misconceptions to be aware of in commercial real estate: 1.) Assuming Residential and Commercial Real Estate are Similar: • Misunderstanding: Assuming that the principles of residential real estate […]
7 Reasons why Buyers, Sellers, Landlords & Tenants Hire a Commercial Real Estate Broker
7 Reasons why Buyers, Sellers, Landlords & Tenants Hire a Commercial Real Estate Broker Traversing the ever-changing terrain of commercial real estate demands a strategic approach that goes beyond the ordinary. Buyers, sellers, landlords and tenants alike recognize the pivotal role that a seasoned commercial real estate broker plays in achieving their objectives. Here are […]
What’s the difference between LEED & BREEAM?
What’s the difference between LEED & BREEAM? BREEAM (Building Research Establishment Environmental Assessment Method) and LEED (Leadership in Energy and Environmental Design) are both widely recognized and used certification systems for assessing and promoting the sustainability of buildings. While they share common goals of encouraging environmentally responsible practices in construction and operation, distinctive variations exist […]
What is BREEAM? – CRE Explained
What is BREEAM? – CRE Explained Sustainability has gained prominence in commercial real estate as an important consideration for developers, investors, and stakeholders. A noteworthy system focused on evaluating environmental performance is the Building Research Establishment Environmental Assessment Method (BREEAM). Let’s explore BREEAM and its relevance in the context of commercial real estate. BREEAM Overview: […]
