Keep an eye out for some common office safety hazards to avoid that could cause an accident, incident, or injury at work. Make sure your staff, clients, and visitors are safe on your premises by removing hazards and inherent risks that could compromise their well-being. 5 Office Safety Hazards Be watchful of these hazards and strive to maintain a safe and secure environment for those working or visiting your location: Falls Did you know that falls rank as the third highest fatal…
Preventative maintenance is simply a part of owning a property. If you own a business or commercial property, taking care of the premises is even more critical. Failure to maintain your building and property could result in costly repairs, deterioration, and damage. Here is what business and property owners should know: Benefits of Preventative Maintenance Preventive maintenance involves taking routine care of your investment, assets, and facilities. The goal of preventative maintenance is to avoid costly breakdowns or issues related to…
Motivating your staff is vital to the success of your business. When your team responds positively and puts its best efforts forward, you’ll have an organization that is characterized by excellent performance and growth. There’s a common misconception that the best way to motivate people is with cash. Compensation helps, but employees want to feel valued and appreciated above anything else. Here are some of the top ways you can keep your staff motivated and increase your business results. Tips…
Like any other property, commercial buildings are at risk of damage from catastrophic weather events that can produce flooding. Depending on your location and the season, losses caused by hurricanes and tornadoes are possibilities. But seasonal storms with their heavy winds, rain, and lightning strikes can also bring flooding concerns. Few areas in the United States don’t have a risk of floods, but South Carolina’s risk is greater than some. National Geographic reports that floods are responsible for about 140…
Technological advances are beginning to show significant impacts on how office property is managed and operated with the accumulation of digital data that help the commercial real estate industry make informed business decisions. “The biggest trend we’re seeing is this whole digital disruption in our industry, from ubiquitous linked sensors to the technology that’s going into smart buildings,” said Dale Dekker, AIA, AICP principal with Dekker/Perich/Sabatini during a recent presentation at the NAOIP. It’s truly driving commercial real estate in…
A real estate transaction valued at $24.5 million recently closed, combining ten King Street properties and six sellers. The King Street deal included the sale of a large downtown parking lot and two historic buildings in the city’s robust shopping corridor. The sale took over 18 months to close and is one of the most significant deals on King Street. About the Transaction Charleston Commercial and GS Acquisitions completed the final real estate deal. Included were two historic structures on…
The new tax law passed in 2018 provides commercial real estate investment opportunities with the establishment of new regulations that permit Opportunity Zones. South Carolina Senator Tim Scott and U.S. Representative Ron Kind (D-WI) were promoters of the concept. They helped push through the legislation, which gained bipartisan support from both Houses of Congress. The creation of Opportunity Zones was a part of the 2017 Tax Cuts and Jobs Act. The goal is to promote investment in regions of the…
The growth in the number of people who live and work in the area has increased demand for office space in Charleston according to research done by Marcus & Millichap, a California-based commercial real estate brokerage and research company. New business headquarters and centers are interested in renting office space in Charleston as a result of increased employment and population gains in the Lowcountry. Charleston Employment and Vacancy Rates Charleston increased total employment by 1.5 percent since last year with…
At a recent conference on multifamily development, BMC Investment CEO Matt Joblon predicted big changes in the multifamily housing market during the next two decades. He said “co-living is a real possibility where people are sharing kitchens and common areas and just having bedrooms. I think that will evolve. Things will get smaller and tighter, and it will be more about the experience.” The Future of Multifamily Housing He compared this trend to Facebook where people are looking for a…
Commercial real estate jobs have picked up the pace since a hiring peak a decade ago. That increase is being driven by small companies and secondary markets. Real estate companies are posting single job opportunities, indicating that smaller, more entrepreneurial firms are hiring. This is a new trend according to David Funk, managing editor for the 2017 SelectLeaders Job Barometer Report (selectleaders.com). Funk oversees an in-depth assessment of the current U.S. job market in commercial real estate. “Over the last…
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