Eager Law shares tips for commercial leasing

by Compass Commercialon 16 May 2017in Community Resources

Commercial lease agreements happen often, especially with small businesses. Leases can be short-term, for a few months or up to five years, while others can be written for as long as 20 years.

Having a lawyer to help make decisions and advise on the finer details of the contract can save you time and money.

Commercial lease agreements happen often, especially with small businesses. Leases can be short-term, for a few months or up to five years, while others can be written for as long as 20 years. Having a lawyer to help make decisions and advise on the finer details of the contract can save you time and money.

Is Today’s Labor Force Drawn to Lifestyle Communities?

by Compass Commercialon 15 September 2016in Community Resources

(Source: www.qualityinfo.org)

By Damon Runberg, Regional Economist

Tourism is a critical part of Deschutes County’s economy. It accounts for a large share of our employment base, total economic output, and wages paid. However, there are a variety of secondary benefits that are critically important, but much more difficult to quantify. Cities across the country are in direct competition with one another for top talent and it has long been assumed that lifestyle communities, such as Bend, are able to compete for that top talent based on access to recreational amenities and quality of life. Tourism introduces many prospective workers to a community, which can build a critical pipeline in the midst of a growing labor shortage. However, this assumption is not grounded in any known research. Are lifestyle communities outperforming standard metro areas when it comes to labor force growth? Read more…

PSU Center for Real Estate Releases Spring 2015 Report

by Compass Commercialon 12 June 2015in Community Resources, CRE Industry, Economic Development, Helpful Resources & Links, Market Research

Portland State University’s – Center for Real Estate released its Spring 2015 quarterly report on commercial real estate and housing markets.

Topics covered in the report include Oregon’s legalization of marijuana for recreational use and the impact on the real estate market, including significant growth in the demand for small industrial space with large capacity for electricity and ventilation. With most commercial loans preventing property owners from renting to marijuana growers, the demand by growers will remain limited to a small segment of the industrial market.

A column on the US economy shows steady increases in employment, particularly in business services, transportation, and government services. The national unemployment rate has reached a new five-year low of 5.5%, with the numbers for Oregon and the Portland metro area at 5.4% and 5.2%, respectively, more than a full percentage point below last quarter.

PSU’s single family housing report shows that the Portland area’s median existing home price has reached $276,500, a 3% increase from 12 months ago. The market in Bend continues to be the hottest real estate market in the state with an average price increase of 26% per year compared to the same time last year. The neighboring market of Redmond experienced a 17% increase as well. The median price for existing homes was $315,000 in Bend; $260,590, suburban Clark County; $225,000, City of Vancouver; $215,000, Eugene-Springfield; $209,974, Redmond; $209,000 Jackson County (Medford); $189,950, Salem; and $183,500, Josephine County (Grants Pass).

Portland State University’s – Center for Real Estate released its Spring 2015 quarterly report on commercial real estate and housing markets. Topics covered in the report include Oregon’s legalization of marijuana for recreational use and the impact on the real estate market, including significant growth in the demand for small industrial space with large capacity for…

NNN lease? CAM charges? Do you know your commercial real estate lease terminology?

by Peter Mayon 11 December 2012in Community Resources, FAQ: Common CRE Questions, Peter May, CCIM

By Peter May, MBA, CCIM

In working with clients on commercial leases, I often get one of the following questions:

What is a NNN lease?
What are CAM charges?

When looking to lease commercial property, you will find a range of terminology to describe the type of lease being offered for each building.

By Peter May, MBA, CCIM In working with clients on commercial leases, I often get one of the following questions: What is a NNN lease? What are CAM charges? When looking to lease commercial property, you will find a range of terminology to describe the type of lease being offered for each building.

Category : Community Resources