The real estate industry has been adjusting its approach to workspaces. The entry of coworking space and its continued growth has been just one way of meeting this demand. Spec space is another. Lean about spec space and how it can work for your organization.
As work-from-home options become more mainstream, how do we stay engaged? How do companies embrace work-from-home culture and still provide adequate training, communication and connections? KimbleCo senior VP Ericka Miller provides her tips and tricks from her experiences.
Mergers and acquisitions require careful planning. Real estate, typically one of a company’s three largest expenses, should not be overlooked in the process. Learn about the process and steps to take for a successful M&A.
Productivity, perspective and a growing world view are just some of the amazing benefits of embracing diversity, especially in the workforce. How are you being open to diversity in your life both personally and professionally?
When done right, an activity-based workplace can improve your employees’ quality of life professionally, socially and physically—increasing productivity and your company’s bottom line. Learn why activity-based workplaces are on the rise and how you can effectively set this type of environment up for your team.
Project management is a critical part of the commercial real estate and development project process. Choosing an expert project manager can be quite the task. What traits should you look for? What do your core values and company culture have to do with the process? Read on to learn how to select the right project manager for your commercial real estate needs.
There can be many challenges when working across the globe—language barriers, time zone differences, currency types and differences in working hours or holidays—but it’s worth it to expand horizons and collaborate with different people around the world. If you find yourself moving into a global business atmosphere, here are some tips we’ve learned along the way.
Core values are an important part of the KimbleCo brand and something that our clients can trust are at the forefront of what we do. Here, we explain why integrity is one of our core values and what it means to the work we do inside and outside of business.
In addition to how a new building fits your company's needs, there are critical environmental factors to review pertinent to the land or building you may be considering. We’ve broken down the initial process associated with due diligence when assessing a property’s environmental condition as a general guide when making your next big commercial property decision.
You’ve got grand visions for what you want your new building to look like. But you’ll need help when it comes time to make them a reality. Read on for our best advice on the who and how of choosing your commercial real estate development team.
Navigating the world of commercial real estate can be overwhelming, with so much to learn, many variables to consider and so many properties that could be a good fit. Use our checklist to help guide you through the questions you should ask your leadership team during the process.
Purchasing or leasing a commercial property can be an expensive undertaking and the process to do so comes with many decisions to juggle. There are many reasons hiring a tenant rep broker is the recommended way to approach these decisions.
Choosing a new workplace is an important decision and one that will greatly affect your current and future employees. After all, the average American is estimated to spend 90,000 hours at work over the course of their life and more than 100 hours yearly commuting there. Because of this, employers must make sure the design, location and amenities of a new office align well with the company brand and strategic future vision.
KimbleCo has received numerous recognitions in 2018, including Top Women in Finance and Women Who Lead. Read on to learn about the women of KimbleCo and the recognition received for their commercial real estate know-how.
Today’s workplace is changing to meet the needs of today’s workforce. No longer is there a one-size-fits-all mentality to the workplace. The traditional nine-to-five, cubicles-under-fluorescent-lights culture has become a thing of the past. Employees are seeking out a personal work experience that meets their individual needs in terms of health, wellness and productivity. A 2017 study by Sodexo found that 67% of knowledge workers left their previous workplace because it was not optimized for them.
A tenant’s search for the ideal space can be vastly overwhelming. Never mind the fact that there are countless buildings to choose from and what feels like an infinite number of terms for each potential lease, add to that the necessity of evaluating the company’s needs - both current and future - in order to determine the ideal space and one can imagine the stress one might experience throughout this daunting journey.
Wikipedia defines excellence as “a talent or quality which is unusually good and so surpasses ordinary standards.” When individuals or businesses operate from a place of excellence, you can’t help but notice them because they stand head and shoulders above the crowd. While people possess many inherent qualities, excellence is something deliberately cultivated one day at a time through hard, wise, smart work. It is a journey as opposed to a destination and requires both an attitude of humility and a mentality of growth.
The industrial segment looks dramatically different than it did even five short years ago. No longer the “ugly duckling” of commercial real estate, industrial leads the way as changes in technology, supply chain and consumer habits drive demand for industrial property.
A company’s core values define who they are; express the foundation of its essence. KimbleCo is implementing the Entrepreneurial Operating System, (“EOS”). EOS says, “core values define your culture and who you truly are as people.” As a full service commercial real estate firm KimbleCo facilitates every interaction and transaction from a place that aligns with each one of our core values: Integrity, Excellence, Transparency & Communication and Giving Back. Today we are focusing on Giving Back and why it is important to us. An interesting quote to consider from our industry...
“Essentially being for-profit creates opportunity for doing greater good. And financial success as a for-profit with a social conscious carries greater credibility with your peers, potentially influencing actions of other businesses.” Brian Walker, Herman Miller
Feeling the squeeze in your office space? Does your current space no longer meet the needs of your growing company? There are a few paths you can take at this fork in the road: move, build or stay put and expand. Here are 8 key questions to help you determine the best option for your business!
If there is one word for the current state of commercial real estate in Minnesota it’s hot. According to a recent outlook survey by the Urban Land Institute and the PricewaterhouseCoopers accounting firms as published in the annual Emerging Trends in Real Estate report, the Twin Cities metro area currently ranks No. 1 in the Midwest commercial real estate market with the best outlook heading in to 2018. This survey takes into consideration multi-family housing, office, industrial and retail buildings.
You own a business or you are the decision maker for a business and are under pressure to save money. Your company’s biggest cost is labor and you know the minute you go to cut costs in that area, you are making headlines you don’t want to make. How do you cut costs and come out ahead? You look to your second (or maybe third) largest business expense – your real estate.
Coworking has moved from the coasts to the Twin Cities and is in full swing. From local to national operators and from single site to multi-site the move to coworking continues. Coworking is collaborative workspace that provides both open and dedicated space along with amenities such as conference rooms, mail services, networking opportunities and, most often, really good (and free!) coffee to its members.
Commercial real estate has plenty of changes to keep an eye on in the new year. From investments to lending to how spaces and places will actually be used, 2017 promises to be a year of sweeping high-level change as well as continued cultural, technological, and lifestyle shifts. This year Kimble Consulting is making predictions on collaborative spaces, built-in well-being, and how developments are re-imagining their environmental footprint through new parking plans.