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Brandon Vandermyde-Commercial Real Estate Specialist

Archive for the ‘News’ Category

3 Things to Look for in Office Space

Tuesday, March 15th, 2016

If you’re looking for a new home for your company’s office, we can help you to find it right here in St. George, UT. But, what are the exact attributes you should be looking for in your next office?
Here are three things you should be looking for in your new office space.man people office writing 300x191 3 Things to Look for in Office Space

Private Space for employees to work.

The growing trend for corporate America is to design an open concept office to improve the communication between employees and team members. While this has been great for many people, recent trends have been to include a place where employees can go to focus and get away from the noisy distractions that can come with an open concept office. By having room for both of these to occur, you will be able to help increase the creativity of your teams as well as giving employees the ability to get their work done when they need to focus on a specific task.
Fun, Creative Space
The office space you choose can greatly change the culture and dynamic of your company. Many companies are including gyms and other facilities on site for their employees to use and enjoy. By having a common place where both the CEO and the newest member of the customer service team can go and enjoy together, this will help you to make all employees feel a part of the company and enjoy working with their co-workers.
Functionality for Your Specific Needs
Above all, you want a space that will work for what you need it to do. If you are a growing company, you will want a bigger space to allow you to grow into without having to move several times. If you hold a lot of meetings, you need to have space to do so and still allow those who aren’t involved to continue to work without getting distracted. Look for something that will be functional for your specific needs as a company.

Whatever you are looking for in an office, we can help you find it. Check out all of our listings on our website and give us a call so we can help you find the perfect setting for your business.

Scraping the Sky

Thursday, February 25th, 2016

When you’re a little kid, everything looks big. As you grow, things that once appeared big become smaller. The tree you used to rope swing off of doesn’t appear so daunting and that roller coaster ride you were afraid of is now child’s play. However, some objects in this world are big no matter what age you are. Let’s take a look at some of the colossal buildings that grace the tip tops of skylines across the world.

Goldin1172015 168x300 Scraping the Sky

5. Goldin Finance 117 is under construction in Tianjin, China. The tower is expected to be 1,959 ft. Construction began in 2008, and the building was scheduled to be completed in 2014, becoming the second tallest building in China, surpassing the Shanghai World Financial Center. In late January 2010 it was announced that construction had been suspended. Construction resumed in 2011, with completion estimated in 2017. The top was supposed to be a fin like shape. Many years later, the fin like shape was replaced by a diamond.

Ping An IFC as of August 2015 224x300 Scraping the Sky

4. Ping An International Finance Centre is a 115-story skyscraper under construction in Shenzhen, Guangdong province, China. The building was commissioned by Ping An Insurance and designed by the American architectural firm Kohn Pedersen Fox Associates. It is expected to be completed in 2016, and will become the 4th tallest building in the world. In March 15, 2013 the construction process was temporarily halted, due to the suspected use of concrete made with unprocessed sea sand, which could corrode the steel structure. Construction resumed on the building after sample testing.

Abraj al Bait Towers 224x300 Scraping the Sky

3. The Abraj Al-Bait Towers, also known as the Makkah Royal Clock Tower Hotel, is a government-owned building complex in Mecca, Saudi Arabia. The central hotel building has the world’s largest clock face and is the third tallest building and fourth tallest freestanding structure in the world. The complex was built after the demolition of the Ajyad Fortress, the 18th-century Ottoman citadel which stood atop a hill overlooking the Grand Mosque.

Shanghai Shanghai Tower 5166304 224x300 Scraping the Sky

2. The Shanghai Tower is in Lujiazui, Pudong, Shanghai. The building is 2,073 ft high and has 128 stories, with a total floor area of 4,090,000 sq ft. Its tiered construction, designed for high energy efficiency, provides multiple separate zones for office, retail and leisure use. The Shanghai Tower was completed in the summer of 2015.

800px Burj Khalifa 171x300 Scraping the Sky

1. The Burj Khalifa is a located in Dubai, United Arab Emirates. It is the tallest artificial structure in the world, standing at 2,722 ft. Construction of Burj Khalifa began in 2004, with the exterior completed in 2009. The primary structure is reinforced concrete. A total of 57 elevators and 8 escalators are installed, with the elevators having a capacity of 12 to 14 people per cabin. Maybe I won’t take the stairs…

Not every building is a skyscraping edifice and that’s okay. Buildings are made to serve unique purposes and needs. Searching for the right real estate and finding the right agent to help can be a huge stress. Commercial Real Estate in St. George Utah is here to help with land, retail, office, industrial, and multi-family real estate. Our services include: investment, leasing, acquisition, and tenant representation. So whether you’re in search for reliable home or are looking for the a new location for your business, we’ve got you covered.

An Attractive Workspace

Tuesday, January 19th, 2016

Setting up for work every morning and doing the same thing day after day can be a drag. Afterall, not all of us have a Michael Scott at the office to help keep us entertained during the day.

8rbzJgXhcHvXO An Attractive Workspace

Whether you already have a Michael Scott in your office or not, here are some fun tips to help make the office a more enjoyable place to be:

1. Windows

windows 300x225 An Attractive Workspace

Working outdoors with laptop can be a pain because of sun glare. Bring the outdoors to your office by substituting more windows for walls. Nature is calming and will help your employees stay motivated by having a stimulating backdrop to their workspace.

2. Downtime

breakroomvideo 300x200 An Attractive Workspace

When your employees take breaks, make sure to have a space where employees can really let go and relax. The more they can truly let go and relax during their lunch and breaks, the more effective and functional they’ll be at work later that day. Take Google, for example, they have legos, beanbags, video games, and even slides!

3. Decorations

officeart 300x300 An Attractive Workspace

Filling your workspace with pictures, art, and fun objects can help add unique flavor and personality to any workspace. The best part is that each employee and express themselves creatively in their own way. You could take this a step further by doing a community mural in the office with different ideas from employees.

4. Plants

plants 300x200 An Attractive Workspace

Since you’ve already got more windows in your workplace, why not bring what you can of nature to the indoors? A bit of extra oxygen never hurt anyone. Not to mention that they looks good too and add a sort of elegance and feeling to your office.

5. Color

blueorangepicture 300x211 An Attractive Workspace

Most offices have a lot of one color: white. Lighten up the work place with colors that help energize the mind and encourage productivity. Bright colors that aren’t overbearing can add a lot to a workspace. Blue elicits security and with the combination of orange can encourage creativity. Try mixing things up every few months by shifting pictures and paintings to difference walls.

Making fun changes to the office workspace throughout the year can yield many benefits. Your employees will likely have a better attitude at work and find more motivation to work hard. As you consider these options above, why not think of a couple of your own fun ideas to implement in your own personal workspace today. The results may be enlightening.

tags: st. george real estate, real estate agent st. george, home sellers in st. george utah

The Importance of the Internet and Commercial Real Estate

Tuesday, September 15th, 2015

A study performed by Loopnet and Google state that 78 percent of American adults are searching online platforms when they are buying a product. Additionally, 61 percent of adult internet users bank online, 96 percent of the baby boomers are using online job searches to find work, and 90 percent of those buying homes are searching online during the process of buying.

Commercial Real Estate isn’t any different. The decision makers who are charged with finding a location for their business are typically extremely busy, and their time is very valuable. If you were looking to find an office space 20 years ago, that consisted of having landline conversations with your broker, having him drive round to preview all of the locations, trusting the listing broker’s description of the space as it was difficult to review pictures (if they even had any), mail you lease copies to review, mail them to your attorney to review, he emails them back to you…. You get the picture.

The amount of time to complete a transaction is drastically cut down due to relevant technology. Today, a tenant should be able to view a property, see pictures/videos, receive demographic information, review and edit leases, all within a day or two. That isn’t typical, but the ability is there. The more prepared your broker is and the more technology he knows how to use, the more money you can make as a landlord.

For questions regarding commercial real estate in St. George, Utah, contact Brandon Vandermyde at brandonv@naiutahsouth.com

Commercial Mortgage Delinquencies Continue Their Downward Trend

Monday, September 14th, 2015

The delinquency rates for commercial mortgages continue to decline, according to the Mortgage Bankers Association. This a national trend and it is no different in the St. George Commercial Real Estate Market. Rewinding back a few years, a large portion of the available properties for sale were either short sales, or bank owned assets. There were more properties than buyers, and it greatly affected the prices of both for sale and for lease assets. Fast forward to September, 2015, and we are seeing positive trends for landlords/sellers. The market continues to improve, which means ask prices for both sales and leases continue to rise steadily. Consequently, there are much fewer commercial delinquencies.

Jamie Woodwell of Commercial Real Estate Research said, “Commercial and multifamily mortgage delinquency rates were down broadly in the second quarter, with highlights including the lowest 90+day delinquency rate on bank-held multifamily loans since the series began in 1993.”

We are seeing positive trends in the St. George Commercial Real Estate Market, which include lower vacancy rates, higher lease rates, longer lease terms, and less delinquency.

For any Commercial Real Estate Questions, contact Brandon Vandermyde at brandonv@naiutahsouth.com.

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