Minneapolis is one of many cities where the demand for office space has fallen dramatically over the past few years. That is causing big problems for city authorities. Vacancies are well over the national average of 18%. In downtown Minneapolis, they are at 30%, and...
As a business owner, you’re always on the lookout for investments in commercial property. Thus, it’s important to gain an accurate valuation for every potential purchase. This information is also useful should you decide to sell something in your portfolio. Placing a...
If you own a business, one of the responsibilities you need to take seriously is filing commercial property taxes when they are due. However, this can be a very tiresome and intimidating process, especially if you do not know what to do. Overlooking any aspect of the...
As a commercial landlord, there are several ways to set out how much you lease your premises to tenants for. Yet, at the end of the day, you and they need to consider all costs. One of those costs is property tax. When property tax or any other cost of owning and...
Few people enjoy paying taxes. This can be especially true for business owners and even more so for those with commercial property. Though these taxes do go toward helping the state’s ability to support their business, part of that is understanding how to take...
Small business owners want to save money where they can so they can increase their profits and continue to funnel money back into the growing business. While many might be focused on things like decreasing product usage and similar points, they may not think about how...
When people see businesses in an area thriving, they often assume that it is all positive. Yet a report from Canada suggests this might not be the case. As businesses do well, the price of the real estate those businesses occupy rises. For example, you set up a small...
In the last several years, there’s been a sea change in the way that people live, work and shop. Internet shopping has virtually ended the self-contained mall, devastated strip malls and caused a lot of other businesses to close. Many of the retailers that remain are...
Your commercial property tax bill arrives, and you think the figure is too high. What now? Understanding the five progressive steps will be crucial to giving yourself the best chance of reducing your bill. Your tax is calculated in January, and you have until April 30...
When your commercial property tax bill arrives, you might moan and groan about how it has risen. Yet if you are like most people, you probably just pay it. Have you ever stopped to think that maybe you shouldn’t? While you cannot just refuse to pay, you can file an...
