Accommodating clients as they renew or relocate is today's podcast topic. Several inventive solutions have been used recently in our brokerage for solving clients dilemmas with regard to renewing in place or relocating!

Long term costs Customization Equity Appreciation Interest rates Flexibility Accounting treatment

Who represents whom? Always get your disclosure notice Written rep agreement Work with an exclusive agent Let your advisor speak for you

Several recent topics in the news discussed: Smaller leases shape office demand in the DFW area Commercial property debt due to mature in 2024 totals $929B, up 40% from earlier estimates Hopes of lower interest rates fade as inflation comes in higher than expected As Ozempic slims waistlines, it's beefy up on CRE Downtown Dallas office tower sells …

Decline in office occupancy Financial strain on real estate Building obsolescence and value decline Impact on real estate companies and banks Shift in real estate investment and development Long-term implications for cities Potential for transformation

Lower interest rates CRE loan expirations still plague industry Continued distress for office WeWork rejects more leases Conversions no panacea to office distress Insurance costs ballooning NAR under fire

How is the game, Jenga like commercial buildings? Landlords want stability while tenants want flexibility - what to do? Tenants should negotiate for all their rights prior to signing the lease such as early termination, expansion rights, right of first refusal, renewal options, etc. Landlords face risks such as financial, economic, tenant failure, …

Chapter 7, entitled "Ruled by the Ruler" of our book, Confessions of a Recovering Landlord, is all about measurement of commercial spaces. Feel free to email me at Jan@TexasTenantRep.com and I'll email this chapter of the book to you for free.

What really happens when a bunch of brokers gets together for a couple of days away from the office?? Learn how Bob navigated the treacherous waters of the most recent SIOR convention in Chicago!

What's with the new wave of sub-subleasing going on?

What are critical dates in a commercial lease. How can they trip up a tenant? Who is responsible for tracking them? Enquiring minds want to know!

What everyone wants to know but is afraid to ask. Listen while Bob and Jan clear up any misconceptions!

Should you be underwriting your landlord as closely as they do you? Stay tuned for all the scoop!

Wait, don't turn that dial, today while we do cover some basic terms, we've got lots of examples of how it all can go so wrong.....

Over time tenants demand different features or amenities in buildings For example, office buildings didn't need the internet in 1980, but they must have fitness centers, conference centers and pickleball courts in 2023 Covid brought heightened awareness of cleaning and air filtering Industrial - dock high or not, clear height, number of docks, outd…

Best Single Investment? Listen to Bob and Jan discuss all things regarding the current state of the office sector - nation wide and here at home (DFW)! Buying distressed properties Bank loans CBD areas Office pricing Subleases Vacancies Downsizing

Today Bob and Jan discuss the pitfalls of not being aware of the clauses in your lease - especially operating expenses, maintenance and insurance. Listen and protect yourself!

Confessions of a Recovering Landlord has now been around for 100 episodes! Breaking our hands patting ourselves on the back... To celebrate this milestone we talk about collabs today. Brand new collaborations we are making with a good number of business but the primary one we discuss today is residential real estate agencies. From commission checks…

Challenges for property owners Lending guidelines Mortgages expire Higher interest rates Decreasing property values Refinance, foreclose DFW metroplex CMBS Asset type Market/submarket Loan seasoning Industrial Office Vulture funds

How do the failures of banks like Silicon Valley Bank and Signature Bank affect the commercial real estate market, and what impact could this have on tenants and their representatives? Listen as Jan & Bob interview Ben Parkey, Executive Vice President/Market President at Texas Security Bank. Ben helps to answer many questions we all have on our min…

Industrial statistics shared regarding occupancy, absorption, construction, asking rental rate and much more. Discussed upcoming office loan maturities - to the tune of $40.47 billion by the end of 2024. Scary!

Since hybrid work is here to stay how will it be successfully implemented and what does that mean for commercial real estate? Enforcement of hybrid work policies? Flex leasing - what is it? Space as a Service - the new SAS! Industrial subleases up 46% And much more....

After all this time, in additional to his other accolades, we now get to call Bob, (drum roll, please) a published author. Bob has been working on Confessions of a Recovering Landlord for over a decade and it's finally in print! Jan interviews him on all things near and small including... Where did the title of the book come from? What was the insp…

Crystal ball time again! Listen as Jan asks Bob for his 2023 predictions, like.... Will the Fed continue to attempt to slow inflation by raising interest rates? How will the above prediction affect construction, supply chain management, rental rates? How about return to work? Will it happen and when? With the sublease market booming in availability…

REATA has many cool features (sounds like I'm selling a car, doesn't it) but one of our favorites is our REATA LeaseTrac System. LeaseTrac is our system of walking through our clients' lease term with them and it includes: Just the Facts - Lease Brief Safety Check - LES Quarterly Reviews Lease Doctor on-call - Any questions/anytime Expense Hawk - R…

What happens to the tenants of an office building when the lender forecloses? Is the procedure different if the building is taken back by deed-in-lieu-of-foreclosure? How do tenants protect themselves from eviction? What if the lender refuses to sign the SNDA? What is an SNDA and how does it work?

Bob recently received the designation SIOR - Society of Industrial and Office Realtors and he tells us all about it including: What was the driving force behind becoming an SIOR? What was required to become an SIOR? What will be accomplished by having become an SIOR? What was the recent national conference held here in Dallas like? How long has the…

In today's episode we cover a recent New York Times, The Daily Podcast which uncovered a lot of information regarding workplace surveillance primarily in the work from home model....but also in the office! VP of business software company in Texas discovers she's being photographed every 10 minutes Paid according to employer's definition of "busy" -…

Bob & Jan had the pleasure of interviewing Tim Slaughter with Caddo Office Reimagined to discuss the world of coworking. How did Caddo decide to focus on coworking? How is their business model different? What kind of members are attracted to Caddo? What was learned by being a traditional landlord that helped with the coworking venture now? How did …

In today's episode Bob & Jan discuss what CEOs and business owners highest rated desires are for new space for their companies to occupy and they include: Space image is consistent with image and values the company wants project to clients, investors and employees Health consciousness Scale of opulence vs frugality Ease of access Attract and retain…

Buildings are more in demand than ever. Short supply, big demand and where are prices to go. That's right....up! How does that affect the taxes of said building and how are tenant's pro rata share of expenses treated? Listen to Bob & Jan discuss all things CRE buildings, prices, taxes, and expenses. Cost of buildings Class of buildings Taxes How ar…

When to begin renewal/relocation discussions with a client? Several factors to consider: Is the organization changing rapidly and not sure how much space they will need? Company is unsure of the right location for their client base and employees. There is a chance the organization will be acquired or might be acquiring themselves. Company is confid…

JLL can't collect an $800K commission due to improper disclosure of dual representation D.C. Brokerage Act Judge Florence Pan Disclosure must be large and in charge! Spaces Regus S.C. Herman Amazon and the supply chain

Older offices High-cost cities Migration patterns High-cost markets Sun Belt Remote work Class-A Office buildings Class-B Office buildings Class-C Office Buildings Deed in lieu of foreclosure Traditional gateway cities Texas Triangle - Dallas, Houston & Austin Amenity rich buildings Luring employees back to the office Location, location, amenities …

Fed raised interest rates today a quarter point. How does that affect CRE? How will it affect the general economy? How does this affect the space companies occupy for their businesses? Will demand for space slow? Will rental rates come down?

Major brokerages pulling out of Russia - CBRE, Knight Frank, Savills Major oil companies pulling out of Russia - BP, Shell, Exxon Mobile Tech firms suspend sales - Apple, Dell Shipping companies pulling out of Russia - UPS, FedEx, Maersk Impact to data centers in Russia - Oracle has stopped providing cloud services Russian cloud provider Yandex nea…

How much space do you need for your office? Who do you need on your team in order to decide how much space you need? Are rents up or down? Landlords have representation, do you? Is subleased space the way to go? How much can you save by taking sublease space? Why are some companies expanding and others retracting? Are employers planning on employee…

Bob & Jan get to grill their new friend, David George, regarding what trends he is seeing regarding employees returning to the office and how those decisions get made. What purpose should the office serve? What's the narrative companies need to develop to identify benefits to both employees and the business of the new way of working - recognizing t…

Bob weighs in with his opinions on the following predictions for 2022: The U.S. won't see tangible changes to the supply chain this year, but companies will be better equipped to handle delays and shortages. Industrial developers will target large office campuses as new sources of industrial development opportunities. Hotels will capture record sal…

CRE experts were mostly correct for the 2021 predictions but they definitely whiffed on some. Trends that popped up in 2021 that were surprising. High-paying ($80k+) jobs going remote? Hold on to your hat. How will small towns adapt to growing remote work force? When workers go back to the office, what will they care about?…

Industrial tenants are most likely to incur huge rent hikes when renewing their expiring leases - an average of 25% Elevator usage tells us info about Omnicron and the workplace - Kone elevator Ground leases becoming a popular finance tool and big players are taking advantage

Office gaining momentum for big return in 2022, NAIOP predicts Pandemic subleasing trend declines as available square footage falls in Q3 New office demand retreated in September (but doesn't it always?) WeWork adapting to new hybrid office environs with two levels: WeWork On Demand and WeWork All Access Industrial building off the charts Supply ch…

No, Jan, was not drunk during the taping of this show! Where was the spoke moved from the hub-and-spoke model? Who let the dogs out....in the office? Companies are NOT establishing hybrid workplans Jobs report Workers quitting at record numbers Class AAA buildings being built

Sublease markets are contracting...but barely Workers are back to the office at a higher rate than since the pandemic began What is shadow inflation What will take Libor's place Permitting in the City of Dallas...what a headache NAIOP sentiment index rising

Pandemic highlighted just how important e-commerce is Top 500 retailers have generated a 45.3% increase in 2020 from previous year Huge need for last mile logistics in commercial real estate Property type has to center around supply chain Golden Triangle - Great Lakes → Texas → Florida Infrastructure bill in congress Food delivery (ghost kitchens) …

Two large companies (PwC & Glaxo/Smith/Kline) reducing their footprints - sizably WeWork update What happens to office buildings Employer survey CBRE new measure looking for signs of life Market conditions update Landlords slow to provide proposals

Dallas-Fort Worth office leasing approaching a rebound? Chicago law firm drastically reduces it's footprint upon renewal. What Kastle System shows is actually happening in offices. Logistics system - help!

I recently read an article in the online magazine D CRE and it was commenting about the supposition that 30% of workers will quit their current job and either go elsewhere or leave their industries all together. I've actually heard a higher figure than that. Microsoft had a survey stating that 41% of the global workforce was contemplating a resigna…

Should you stalk your employees? Provocative question, right? In today's episode of the podcast we discuss why that is actually important to the overall health of the company. What we recommend is that clients plot the home addresses of every employee on a map when considering where to put the office. And just to be clear, I'm not suggesting we inv…

The FDA just gave full approval of the Pfizer vaccine. Many large companies have announced they will require their employees to be vaccinated to return to the office. Too Big Brother? Or a good solution to avoid an incubator for more infections? Employers' view point would probably be - it's my company, it's my space, and my responsibility to ensur…