In the News

Changing Your Space: What Modifications Are Permitted with Commercial Leases?

Submitted on September 9, 2024

Businesses aren’t static things like stones sunk in a riverbed, impervious to the chaos swirling around them. Rather they are like the river itself. Sometimes their market share is little more than a thin trickle. Other times it’s a fast-moving torrent, catching up everything around it in its current. And still other times it glides on slow and wide and steady. Of course, the changing nature of businesses as they expand and contract leads to changing needs, such as new strategies, shifting marketing — and new spaces in which to work. It’s the rare company that doesn’t periodically need new...

Zoning Laws Exposed: Surprising Restrictions Cities Can Impose on You

Submitted on July 15, 2024

Navigating the complex web of zoning laws can be a daunting task for property owners and developers. From restrictions on building heights to unexpected land-use limitations, there’s a myriad of ways in which zoning laws can shape your property development plans. We’re unraveling the mysteries of zoning ordinances and offer insights into effectively navigating these crucial, yet often overlooked, aspects of property ownership and development.

Adapting to the Future of Work: Office Space Trends

Submitted on June 3, 2024

In a rapidly changing world, the concept of work and office spaces is continually evolving. Our latest blog post offers a deep dive into the transformative trends that are shaping the modern workplace. From innovative design approaches to the integration of cutting-edge technology, and the shifting cultural norms influencing our work environments, we explore the myriad ways in which the office of the future is being reimagined. Join us on this journey to understand how businesses can adapt and thrive in this exciting new era of work.

10 Tips for Landlords Facing Commercial Lease Negotiations

Submitted on November 14, 2023

Navigating the complex terrain of commercial lease negotiations requires both finesse and strategic acumen. At Millennium Properties, we understand the stakes are high for landlords who must balance firmness with flexibility. In our latest blog post, we share essential tips designed to empower property owners through every twist and turn of the negotiation process, ensuring you emerge with a deal that's as lucrative as it is fair. Join us as we unlock the secrets to mastering commercial lease negotiations.

Understanding Capitalization Rates in Commercial Real Estate Valuation

Submitted on October 13, 2023

One of the most pivotal metrics utilized by savvy investors is the capitalization rate, commonly known as the 'cap rate'. It provides a snapshot of a property's potential return on investment, offering invaluable insights into its profitability. In essence, it reflects the expected return on an investment, ignoring any financing or debt structure.

How Zoning Laws Affect Your Commercial Property Investment

Submitted on September 25, 2023

In the intricate world of commercial real estate, investors need to be aware of myriad factors that could influence the trajectory of their ventures. Among these, zoning laws stand out as a crucial, yet frequently underestimated, element. Defined by local governments, these regulations govern what you can and cannot do with your piece of land. As you envision the next hotspot retail center or a tranquil office environment, it's the zoning laws that can make or break your dream.

Impact of Infrastructure Development on Real Estate Markets

Submitted on August 2, 2023

In the ever-evolving landscape of real estate, numerous factors dynamically contribute to the value, attractiveness, and desirability of properties. Among these factors, infrastructure development stands out as a crucial determinant with far-reaching implications.

The Benefits of 1031 Exchanges for Commercial Real Estate Investors

Submitted on July 11, 2023

A 1031 exchange in commercial real estate refers to a specific transaction structure allowed by the United States Internal Revenue Code to defer paying capital gains taxes. The name "1031" comes from Section 1031 of the U.S. Internal Revenue Code.

A Guide to Commercial Real Estate Financing Options

Submitted on June 13, 2023

Commercial and residential loans differ in a number of key ways, primarily in their purpose, underwriting criteria, repayment terms, and risk assessment.

Pros and Cons of Investing in Commercial Real Estate REITs

Submitted on May 16, 2023

Commercial Real Estate Investment Trusts (REITs) offer individual investors the opportunity to invest in large-scale, income-producing real estate properties without the need for significant capital or direct property ownership. By pooling funds from multiple investors, REITs acquire, manage, and finance commercial properties, generating income through rent and other means. While REITs provide several benefits, they also come with certain disadvantages that investors should consider before deciding to invest. This blog post outlines the pros and cons of investing in commercial real estate...

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