We explore the crucial roles of external employees, consultants, and vendors in shaping the success of a project. Drawing from real-life examples, we discuss the collaboration between asset managers, leasing brokers, contractors, and architects in achieving project goals. Additionally, we delve into the effective management of multiple competing vendors through competitive bidding and the importance of clarity and transparency in the process. Join us as we uncover the key factors that contribute to project success and offer insights for successful project implementation.

Discover the essential qualities that business owners should seek when hiring a broker. In this informative video, we explore the importance of finding the right fit for your assignment, personality, and team. Learn how factors like property size, location, and operational type come into play. Additionally, delve into the significance of a broker's marketing strategy, often overlooked in interviews. Uncover the key elements that make a broker stand out, such as their ability to effectively market your property and connect with potential tenants. Gain insights into assessing industry trends, lease expirations, and targeted outreach to executives. Don't miss out on this valuable advice for distinguishing between good brokers and exceptional ones.

We delve into a crucial aspect often overlooked in building selection: power requirements. Join us as we explore the significance of power and its impact on leasing decisions for commercial spaces. Our experienced industry professional sheds light on the complexities surrounding power needs, debunking common misconceptions and providing valuable insights. Discover why power is vital for various operations, especially in sectors like manufacturing, aerospace, automotive, and life sciences. Learn how monitoring usage and draw can optimize power efficiency and facilitate informed decision-making. Uncover the challenges associated with estimating power needs and the importance of detailed analysis in determining the actual load requirements. Moreover, gain a deeper understanding of the expensive nature of power upgrades, involving public utilities and intricate infrastructure considerations. Join us as we unravel the intricacies of power requirements in building leasing and highlight the significance of assembling the right team for success in the industry.

Highlights 

• Introduction to Power Requirements 
• Common Misunderstandings
• What is Power Used For?
• Price of Power 
• How to Bring in Power

We explore the common mistakes companies make when assessing office space and how to effectively remedy them. Join us as we discuss the challenges of misjudging space requirements and the consequences of having too much or too little office space within industrial properties. Discover real-life experiences and learn about potential solutions, including subleasing excess space and adapting to changing business needs. We also touch upon the evolving trends in office space utilization, considering the impact of remote work and the importance of fostering a flexible workplace culture. Gain valuable insights into making informed facility decisions and building a future-proof workspace. Don't miss this engaging discussion on optimizing office layouts for industrial businesses. 

Second Story Office Space - 0:55

New Era of Office Space - 2:30

We explore how the layout of different buildings can impact the functionality and efficiency of a company's operations. Join us as we delve into the factors that businesses should consider when deciding whether to stay in their current building or move to a new one. 

We emphasize the importance of understanding future needs and envisioning the ideal workspace. By taking inventory of the existing space and analyzing each component piece, businesses can create a checklist of the most important aspects for their operations. From the total size of the building to the layout of offices, we discuss how each element contributes to the overall productivity and culture of a company.

We also highlight the diverse requirements of different industries, such as the need for laboratory space, research and development areas, or testing facilities. These considerations play a crucial role in filtering the available building options and ensuring that the workspace aligns with specific industry needs.

Join us for valuable insights into building layout and design, as well as practical tips for optimizing your company's operations in line with your workspace. Don't miss this opportunity to enhance your understanding of how the right building layout can positively impact your business.

Components in Moving - 0:40

Taking Inventory - 1:06

Examining Total Size - 2:29

Office Space - 2:50

Furniture System - 4:00

Work Stations - 4:40

Accommodate Office Culture - 5:09

We delve into the common financing challenges that businesses often encounter. Whether you're a business owner or a tenant considering a property transition, understanding these challenges is crucial. Join us as we explore strategies and options to mitigate these obstacles when selling an owned property and purchasing a new one. By taking a moment to assess both the physical condition of the property and the financing considerations early on, you can avoid hurdles halfway through the process of finding your ideal building. We'll emphasize the importance of scenario planning, a powerful tool that allows business owners and executives to envision multiple alternatives, such as leasing or purchasing different space capacities. This planning method helps you compare cash outlays, setup costs, down payments, and long-term investment implications. Join us in this video as we navigate the intricacies of financing challenges faced by businesses and discover effective strategies and options to overcome them. By thinking strategically and proactively, you can make informed decisions that set your business on a successful path for years to come. 

Maintenance Improvements - 1:00

Impact of Bank Loans - 2:00

Scenario Planning - 3:00

In this informative video, we delve into the prevalent practice of subleasing in the warehouse leasing business. Discover why subleasing is widely adopted and the types of groups or entities that actively seek out subleasing properties. We explore the dynamics of subleasing contracts, the challenges involved, and the importance of understanding the complexities it brings. Additionally, we discuss the increased significance of subleases in the post-COVID era and how they facilitate business transitions and short-term growth strategies. Join us as we shed light on the duration, costs, and flexibility associated with subleasing agreements. Stay informed about the evolving landscape of warehouse leasing and make better decisions for your business. Subscribe now for more insightful content on the commercial real estate industry!

Classic Sublease - 1:16

Introduction to Three Parties - 1:40

Shifting World of Subleases - 2:43

Length of Subleases - 4:30

Lease Terminations - 7:00

In this thought-provoking video, we explore the powerful concept of "Always Be the buyer" and its application to lease renewal negotiations. Learn how this mindset framing technique, derived from Strategic Coach, can transform your approach as a tenant. Discover the advantages of shifting from a seller's validation-seeking position to a buyer's empowered position. By adopting the buyer's mindset, you gain access to a wide range of options and leverage during lease negotiations.Unlock the true potential of lease renewal negotiations by watching this video. Embrace the buyer's mindset and witness the transformation in your ability to secure the best lease terms and maximize the value of your tenancy. Don't miss out on this opportunity to gain a competitive edge in the commercial real estate market. Subscribe now to our channel for more insightful content on lease negotiations and tenant empowerment. 

Always Be The Buyer

Flipping the Script - 00:25

Creating Leverage - 1:30

Creating Alternatives - 2:30

Situational Awareness is the essence of making intelligent decisions in commercial real estate. Join me as I discuss key factors that drive successful strategy. Get ready to gain a competitive edge and navigate the commercial real estate world with confidence!

Justin welcomes Kevin Dollhopf and Gary Yates from Hickey & Associates. They discuss their labor report on the Inland Empire, which is a site selection model that analyzes the costs of real estate, labor, and transportation for companies trying to stay or locate a new facility in the area. The discussion covers the importance of labor to companies and the criteria used to evaluate labor force, unemployment rate, education level, and income. They also discuss how site selection can help balance supply chains in light of new risks such as climate and natural hazards, and how portfolio analytics can assist companies in making decisions about investing in solar power and other ESG initiatives.

Highlights

•  Hickey & Associates specializes on site selection, labor analytics and incentives - 1:23
•  How does labor have a big impact to users and companies? – 4:32
•  The Inland Empire report is a site selection model that analyzes costs of real estate, labor, and transportation for companies looking to stay or locate in the area – 7:42
•  Gary discusses the criteria for labor force, unemployment rate, education level, and income – 12:21
•  They discuss headwinds and tailwinds of the Inland Empire – 13:46
•  Mexico has a great labor market with favorable costs and accessibility to western markets, making it attractive to both US and foreign companies looking to grow their supply chains – 20:25
•  Kevin emphasizes the importance of how site selection can help balance supply chains in light of new risks such as climate and natural hazards – 26:05
•  Portfolio analytics can help companies make decisions about where to invest in solar power and other ESG initiatives – 29:00

Episode Resources

Connect with Kevin Dollhopf

• https://www.linkedin.com/in/kevin-j-dollhopf/
• https://www.hickeyandassociates.com/

Connect with Gary Yates

• https://www.linkedin.com/in/gary-yates/

Connect with Justin Smith

• https://smithcre.com/
• https://www.lee-associates.com/
• [email protected]
• https://www.linkedin.com/in/justinbsmith