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April 27, 2023
There are many cities in the US that have some form of rent control, although the specifics of the policies can vary widely. Here is a list of some of the major cities with rent control policies: New York City, NY San Francisco, CA Los Angeles, CA Washington, D.C. Berkeley, CA Santa Monica, CA West Hollywood, CA Oakland, CA San Jose, CA East Palo Alto, CA Richmond, CA Hayward, CA Los Gatos, CA San Diego, CA Cambridge, MA Somerville, MA Brookline, MA Cambridge, MA Boston, MA Portland, OR Portland, ME It’s important to note that rent control policies are often subject to change and can vary in their specifics from city to city. Additionally, some cities may have other forms of tenant protection laws, such as just cause eviction ordinances, that provide additional protections to renters. Mortgage Rates Calculate Your […]
May 24, 2017
An office condo is a great investment for small business owners looking for affordable office space in a great location. However, before you obtain an office condo, it’s important to be aware of all the potential fees you may incur along the way. Closing costs on commercial real estate are generally much higher than those of residential property, and can run into the tens of thousands of dollars. Below is a quick breakdown of some of the buyer’s closing costs on office condos in New York City. Attorney The first fee you may run into in the process of purchasing an office condo is the attorney fee. It is highly recommended you get a commercial real estate lawyer to help you negotiate the transaction and complete any complicated paperwork. This can cost approximately $5,000. Origination fees Origination fees, […]
May 22, 2017
If you’re the owner of a small company, finding adequate office space can be pretty daunting. There are so many factors to consider, such as size, location, and price. Office condos are a relatively new concept that’s growing in popularity. Just like a residential condo is a building with units people can purchase as living space, office condos are buildings with individual units that companies can purchase as office space. These buildings are becoming more common, especially in big cities where space is limited. The market for office condos is new, but fast-growing, as these lower-cost spaces fit the needs of so many. How to know if an office condo is right for you An office condo could be the perfect place to conduct your business, depending on what kind of company you have. In our rapidly digitizing society, […]
May 22, 2017
New York City is a great place to conduct business. As the most populated city in the United States as well as the most diverse, you are sure to find a wide array of clients looking for what you have to offer. Because space is limited in NYC, many smaller companies are turning to office condos for office space because they’re the more economical option. However, chances are you’ll still need help from a lender to finance one. The process of investing in an office condo in New York City can be complicated, but evaluating all your options and making sure you have everything you need can make it a lot easier. Here are some things you should know about financing an office condo in NYC: Types of loans available The types of loans available to you depend on […]