So why is inflation increasing? Business leaders in Pittsburgh and throughout the country are asking me this question. The list of reasons is extremely extensive but starts with the pandemic, rising consumer demand, tight supply, labor shortages, the Russian invasion of Ukraine, shipping delays, and rising transportation prices.
Workplace wellness has been a “thing” since I was in grad school—more years ago than I’d care to admit! It is pretty much understood that a focus on wellness in the workplace increases productivity, decreases absenteeism, reduces health risks and health care costs and improves employee morale, recruitment and retention. All of this is well…
The Multigenerational Workplace Challenge Millennials and Gen-X run most of today’s businesses. Now, these generational powerhouses are joined by Gen-Z, the youngest members of the workforce. Millennials and Gen-Z have some similar ideals and visions for the future. However, they have very different expectations when it comes to their workplace design. As technology advances at…
Is it time for rightsizing? I’ve been thinking a lot about rightsizing lately. In just a few months, I will be turning (dare I say it out loud?) 57 years old. My children are grown and on their own. My husband and I both work full-time outside the home. In addition, my husband travels extensively…
Lease Options Options in a lease are beneficial to either the Landlord or the Tenant. Landlords want to provide the Tenant with as few options as possible to securitize the lease as strongly as possible. Many Landlords use their rent roll to securitize a refinance or sale. For instance, if a tenant has an option…
Exis Partnership At Found Advisors, we like to think of ourselves as a team. We might be small in number, but we are a cohesive team that delivers exceptional service to each and every client. Being part of a team allows us to see different points of view, contribute to the best of our ability…
Building Classifications Part II: Explained BOMA’s CRE Building Classification System BOMA‘s metropolitan base lists three Commercial Real Estate Building Classifications in their classification system. In order to compare properties across international markets, landlords and property investors typically use a separate international base. However, the metropolitan base is used within a single office market. It is…
Insights from a Millennial Professional Ready or not, the workforce is becoming more millennial. As of 2016, millennials make up the largest percentage of employees in the United States. Within the next 5 years, they are expected to make up 75% of the total working population. In addition, millennials are more educated and diverse than…
CRE Building Classification Standards When looking for new locations, tenants may come across buildings touted as “Class A”. Landlords also advertise properties as having “Class A finishes.” To an inexperienced buyer or renter, the meaning of this class distinction is a mystery. “Class A” sounds like a good grade. It’s better than a “Class D”…
The CRE Timeline It’s hard to imagine, but I keep our office CRE timeline handy on my desk at all times. And there’s a good reason why! I can’t begin to tell you the number of times someone has called our office with the conversation going like this: Me: Good afternoon! This is Dana. How…
Common Area Maintenance (CAM) in all its mystery. First, let’s start with trying to define the common area. What is Common Area Maintenance? Common Areas can be lobbies, hallways, elevators, bathrooms, sidewalks, parking lots, landscaping, rooftop decks, shared amenities, and so on. These areas within a building enhance the feel or usefulness of a space….
3 Considerations Getting ready for an office building tour and a home tour are very much alike. I’m selling my house. It’s been 16 years in the suburbs and I’m ready for urban, walkable living. We had a realtor walk through the house to help us get it ready to sell. She went through every…