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Brandon Vandermyde-Commercial Real Estate Specialist

Archive for the ‘News’ Category

Sustainable Green Real Estate in St. George

Thursday, September 1st, 2016

Coming in at number six on Forbes list of “The Best Small Places for Business and Careers”, St. George UT has the kind of population, job growth, affordable property and low overhead costs that make it an ideal market for investing in commercial real estate. Known as a hub for active living and intense natural beauty, the landscape of St. George UT invites new residents and travelers alike from all over the world. With multiple world-renowned national parks, lush golf courses, rich local history and all manner of nightlife, performing arts and outdoor pursuits, St. George is the perfect place to buy commercial investment property for sale.

One market trend that is gaining a foothold in commercial real estate is sustainability. With increased demand from tenants, investors and government for green buildings, a push has been seen towards making commercial real estate properties more environmentally friendly. Clients have a need for a physical space that reflects their changing needs for more technology and increased awareness of environmental impact. With the special considerations of being located in a desert environment plus eco-tourism reaching newfound popularity, the time is right to invest in green real estate property in St. George UT.

The popularity of green leases reflects the growing attraction of sustainable rental property for tenants and, in turn, the increased incentive for commercial real estate owners to establish sustainability goals and allocate resources for implementation. In St. George as elsewhere, the movement towards green sustainable living and a desire to “unplug” from digital life has opened up the need for properties that can deliver the features prospective tenants want. When investment in commercial real estate is almost always a good idea, as renters become more and more green-minded, commercial real estate owners would be wise to begin undergoing green implementation to suit the changing tastes and wants of potential tenants.

With green building having a tangible effect on employee productivity and well-being, more and more tenants are looking for green spaces that offer the kinds of sustainable features they desire. Whether you want to relocate to St. George, retire or simply make an investment in commercial real estate, St. George offers an excellent climate for opportunity and growth. Get in touch with Commercial Real Estate of St. George today to begin your green real estate investment!

The Current Market for Commercial Real Estate in St. George

Friday, August 5th, 2016

If you’re looking to purchase commercial real estate in Utah, St. George is an excellent option. This city in the desert came in at number six on Forbes’ list of “The Best Small Places For Business and Careers” and the job growth, affordable property and low cost of doing business make St. George an attractive area for commercial real estate.

However, it’s important to be aware of the current real estate market in St. George, where the inventory is low, but demand is still just as high. This dynamic shift has created a true sellers’ market, and while the prices have not shot up, they have progressively increased over the last few years and continue to trend higher. When comparing 2015 to 2016 (YTD), statistics show that St. George prices are already 3.9 percent higher, with April and May having the highest gains of 19.5 percent and 6.9 percent. In addition, the data comparing 2015 to 2016 YTD shows that the number of new listings in St. George is down 4.2 percent but the number of sold listings is up 2.9 percent.

In a sellers’ market it is important to know what the value of commercial property really is. Commercial Real Estate of St. George can set you up with an experienced agent who knows how to negotiate contracts and make sure that you don’t overpay for a commercial space. We will also provide you with a detailed list of available properties, insight on properties that are not yet on the market and information on St. George demographics like population, average income, daily traffic and so forth.

Here are a few more tips for buying in a sellers’ market that you should keep in mind if you’re considering commercial real estate in St. George, Utah:

  • Familiarize yourself with real estate metrics, including:
    • Net Operating Income (NOI): The NOI of commercial real estate is calculated by appraising the property’s first year of gross operating income and subtracting the operating costs. You always want positive NOI.
    • Cap Rate: A commercial property’s “cap” or capitalization rate is used to calculate the value of income-producing properties. They are also used to estimate the net present value of future profits or cash flow.
    • Cash on Cash: Cash on cash compares the first-year performance of competing properties. This tactic takes the fact that the investor does not require 100 percent cash to buy the property and also accounts for the fact that the investor in question will not keep all of the NOI because it’s needed for mortgage payments. Uncovering cash on cash can happen once investors have determined the necessary investment amount to purchase the property.
  • Find a motivated seller who is ready and eager to sell below market value. A motivated seller is someone who has a pressing reason to sell their property below the market value, which is an excellent way to get a good deal in the sellers’ market in St. George.

For valuable real resources, experienced real estate agents, market reports and more, contact Commercial Real Estate of St. George. We’ll make sure that you get the best value for your money in a St. George commercial real estate property.

St. George Real Estate’s Offices of the Future

Thursday, June 16th, 2016

Ever think about buying an office near St George Utah? If so, it might not be a bad idea to look into office automation. Various things such as air conditioning and heating are common things to find automated in businesses. But we wanted to take a look at some of the coolest automation ideas you’ll find in any office. Our sources varied, but you can take a look here to see the general idea of what we looked for in an office dedicated to the future. Among this list are some that we came up with ourselves. Let us know what you think!

Office Robotic Display

Office Robotic Display

Driverless cars that come pick up employees for work, and deposit themselves in an automated car stacking underground lot.
Nanopaints, allowing entire walls to become screens on demand. Possibly touch screen walls in the future as well.
Interactive holograms. Ever seen Iron Man? We think that this kind of technology isn’t too far off, for designers this would be huge, allowing for more interactivity and manipulation of objects being created.
Artificial Intelligence Assistants. Whether cybernetic or holographic, the next phase in innovation could involve outsourcing these jobs to robots, who would instantly be able to book appointments and greet new customers. Going back to our Iron Man example, we could easily have these same assistants run the entire office, perhaps over multiple locations, answering queries and controlling office space. The possibilities are endless as we venture further into what AI becomes capable of accomplishing.
Automatically adjusting fully ergonomic furniture. By utilizing biofeedback technology, these chairs would instantly know which position would be the most comfortable/most productive, and adjust accordingly.
Biometric rotating fridge. Touch the handle and the fridge will rotate to your specific food slot. No more lunch thieves in the office! (Unless those thieves have mad hacking skills) Might also double as a vending machine of sorts. The possibilities are endless here. All we know is that we want one.
Diagnostic toilets that analyze your health. This could be especially useful, but we wonder at the implications of having this at every office. Perhaps someone wants to keep that information private? Still, in any doctor’s office, this would be a great tool.
Wireless power: As technology advances, so do our power needs. Wouldn’t it be nice to have your phone fully charged, when you need it? Laptops would never suddenly die, and we could dispense with the need for wall outlets. Adapting some of the older technology might be tough but it’s a problem worth having.
Biometric computer scanner. This device would pay attention to your body, looking for signs of exhaustion. This could help to manage employees health and overall well-being.
Robotic security. Because who doesn’t want a RoboCop or EDE running around their halls? But think about the implications. These robots would monitor the halls at night and patrol the premises. If they are damaged, they can easily be repaired or replaced (humans can’t). Additionally, these robots would be programmed to apprehend rather than harm, protecting both your business and human life. Another idea would be to have several mechanical bodies being controlled by the same AI, possibly the AI assistant mentioned earlier?

These are just a few of the ideas we came across that seemed completely awesome. It’s a pretty safe bet that when we look back on this moment 20 years from now, the nature and design of offices will differ in many significant ways to what they are currently. We look forward to that change.

Tips to Organizing your Office for Maximum Efficiency.

Friday, May 20th, 2016

We’ve all dealt with it, cluttered office space where working becomes a balancing act. Trying not to knock over the stack of papers on the desk, working around the clutter, and trying to remember to take out the trash. All so that your office space continues to smell clean and fresh. A messy office can lead to stress. At Commercial Real Estate, we understand your pain and disorganization, which is why We’ve compiled some helpful tips to assist you in making your work experience better.

Messy Office

Have an office that looks like this?

1. Purge. To maximize your office space efficiency, get rid of those unneeded items, papers, trash, etc. Make sure your office is clean. This first step might seem simple, but it may take several days to figure out what stays and what goes. It is the single most important step in any office organizing effort.

2. Clear off your desk.

Your desktop is the work zone of the office, where all of the productivity takes place. Therefore, it should make sense to try and keep it clear of clutter, trash, and even loose papers. This isn’t to say that you can’t channel your inner creativity, but leave yourself ample room to work.

For the truly creative individual, who must have 5,000 different spongebob figurines somewhere within their workplace, consider getting shelving in your office space to display your collection while keeping your desk free from clutter. This will also prevent distractions or accidentally knocking many of these items over.

Try getting under-the-desk filing cabinets or plastic bins to hold all of those documents you’ll need later.

Create separate work areas at your desk for both computer and non-computer related work. This does multiple things, first it can really help you to focus on the task currently at hand. Second, if you have a desk job that requires more than typing behind a desk all day (or sitting on a phone), having the bit of extra space helps you focus on your work while being less distracted from the computer.

3. Create a sorting system.
Organize those documents into binders, by date or subject, to create your own filing system. As the space fills up, take those documents and move them within the office or elsewhere, according to your constraints.

Place a two document tray on your desk to differentiate between items you are currently working on and new items that people may drop off at your desk.

4. If needed, get more trays to differentiate and organize items of high/low importance as well as due dates.

While these tips aren’t all-inclusive, they are a good start to getting any workspace under control. While there are many other tips that we could recommend, sticking with just these will likely get you a long way toward becoming more productive.

How to Decide Where To Locate Your New Office

Tuesday, April 12th, 2016

Office space can say a lot about a company. Depending on what you do and who you serve, you will want to create a space that reflects not only the people who work there, but the people you work for. If you’re a retail business, having a storefront that is clean, open and customer friendly will be highly important to you, yet for a business that manufactures raw materials function trumps aesthetics.
Office Work-Space
Commercial Real Estate has helped many businesses over the years to find office space that works well for them and their purposes. Here are a few tips that we have come up with to help you when deciding to relocate your business.

1. Look for something that looks clean…

No matter what you need from an office space, it needs to be clean and easy to maintain clean. This is important for you, your employees and your customers. No one wants to work in a place that is cluttered with old boxes or always is messy. And, as far as customers are concerned, nobody will use your services or buy your goods if your office is messy and unkempt. So look for a space that will help you to maintain order and cleanliness.

2. Function is key…
Find something that fits your industry! Obviously a tech company is going to be very different from a food processing business. With your business needs in mind, it is key for you to get a space that will allow you to do what you do best.

3. Find a location that is best for your business…
Location is important for businesses to consider when finding a new office space. If you are concerned about selling things at your store, then you want to try and find something that is close to other retail businesses. If you’re more concerned with selling to other businesses or companies, then you can find something that is less prominent and not have to worry about it.

In the end, make sure that the company’s new home, works for everything that you need it to be. Don’t settle for anything less, and Commercial Real Estate in St. George can help you relocate your business; just give us a call.

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