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Greg Carpentier

Benefits of Next-Gen Revenue Management and Automation in Coworking

As the coworking industry continues to grow, providers face new challenges related to revenue management and automation. Managing inventory, leases, and pricing can be complex and time-consuming, leading to inefficiencies and missed revenue opportunities. That's why the next generation of revenue management and automation tools is gaining popularity in the coworking industry.

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esg sustainable investing

ESG 101: A Guide to Create a Sustainable Business

Successful companies know that their reputation is what matters in the long run because it affects the way people see their branding image and the overall probability of success as a company. They want to stay within the guidelines of what makes them different, have an impact on the world, and prevent any mishaps down the road that could have been avoided.

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construction for commercial real estate

Tenant Improvement Allowance: A Crash Course Guide

Offering a tenant improvement allowance can be costly for a property owner, however, there are things to avoid and strategies to implement while marketing commercial space and during the lease, negotiations to make the additional cost provide a great return on investment. A common mistake a building owner makes is to avoid leasehold improvements as a cash allowance due to misconceptions like the construction process can't be controlled, cost overruns will add logistical headaches for property management, leasing commission for a commercial broker will be calculated to include the value of these incentives, and construction management fees can't be charged. If your goal is to maximize profits or improve cash flow, then offering tenant improvements are excellent ways to do so!

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supply chain and commercial real estate

The Supply Chain Crisis and Commercial Real Estate Technology

According to Prologis and Savills, industrial building vacancy is reaching an all-time low (even 2.0% in some markets) and will not be able to support the rapidly growing market demand for space until supply catches up. It has taken too long for real estate professionals to admit that building technology is a NEED to have, not a nice to have. The days of looking at technology costs as anything other than critical when assessing building budgets are over.

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adaptive reuse project for commercial real estate

How Adaptive Reuse Can Double Your ROI in Commercial Real Estate

"Don't recreate the wheel." "Imitateingly innovative." Landlords love to copy each other but aren't afraid to recreate the wheel when figuring out how to maximize a building's potential and gain a competitive advantage. COVID shook the industry to the core. Office building owners were left with high vacancies, shrinking tenants, and questions surrounding the viability of the office building for the long term. They want faster, cheaper alternatives that acquire tenants without paying for new buildings. Who doesn't want to save time and money? One of the best ways to do this in commercial real estate is through adaptive reuse.

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