Commercial Real Estate Reference Site

I came across a commercial real estate blog that I thought did a good job explaining some basic terms and concepts used in the commercial real estate leasing business. My blog focuses on areas more specific to Indianapolis Commercial Real Estate because my company Carmen Commercial Real Estate Services does the majority of its business in the area. The site: http://blog.mysquarefeet.com/ describes terms such as Operating Expenses, Security Deposits, and Usable vs. Rentable square feet. I believe it is worthy of a visit if you are either not a real estate professional or are unfamiliar with these terms.

This weekend, I spent some time with other Indianapolis based commercial real estate brokers and in particular, Indianapolis Tenant Representatives. As has been the topic all too often recently, the depressed U.S. economy and economic conditions in Indianapolis specifically, seemed to dominate the conversations. Talk about bringing you down. I couldn’t wait to leave the event and escape to my own universe where business seems to be quite robust these days.

On the drive home, in addition to thinking how lucky I am for my business to have a high level of activity in an apparently depressed commercial real estate market, I had to consider why it is that I am busy, when so many other commercial real estate brokers seem to be starving. I believe my activity level is due to two factors: first, I look at my business as an on-going service business and not as a transactional business, and second, I’ve always maintained an on-going marketing program, which includes business networking. I believe these two factors are keys in allowing me to see a continual stream of new business opportunities.