As you might imagine, over the 24 years I’ve owned and operated my Indianapolis based tenant representation firm, CARMEN Commercial Real Estate Services, I’ve had the opportunity to see firsthand the many missteps tenants take…

When counseling business owners and managers on leasing office space and industrial property in Indianapolis over the past 25 years, since founding CARMEN Commercial Real Estate, one of the most common questions I’ve been asked…

My team had a recent experience that provided us with a discouraging view of the commercial real estate brokerage industry.  Arthur Rutenberg Homes is a medium-sized Florida-based company that recently opened its first Indiana office.…

There is a fairly simple way to break down where most of the dollars go for your cost per square foot. It divides into base rent, operating expenses and real estate taxes. What you may not…

With so many elements involved in planning and relocating or expanding your office space, it is easy to overlook some of the most important functional items. One of the most underestimated variables is the amount, size, and…

The following is excerpted from Entrepreneur’s Ask the Money Guy, Joe Worth.  When a concerned reader asked, “Any advice on how to lease my new location without getting ripped off?”, Entrepreneur’s Joe Worth had some answers. He shared…

The concept of “Blend & Extend” with regards to commercial office industrial space leases is certainly not new.  However, throughout the downturn of the economy, there’s been a considerable amount of new life breathed into the practice,…

I’m always intrigued by the comparison of office rental rates with industry colleagues located in other U.S. and major foreign cities.  When you look at Indianapolis office space versus other major cities around the world, the…

Indianapolis and the surrounding areas of Carmel, Fishers, and Noblesville have become some of the best communities in the USA for families to live due to their low costs of living and high quality of…

You’re not alone in considering if it would be a better decision to purchase your own office space instead of continuing to lease office space. Yes, every organization is unique with its own set of…

Indianapolis is continually rising as one of the best cities to live in terms of cost of living. Businesses are continuously considering relocating to Indianapolis due to the growing popularity of the Midwestern city as…

An article in the Indianapolis Business Journal chronicles the story of a couple who moved from Chicago’s northern suburbs to Carmel, Indiana. Not surprisingly, they are finding that their dollars go a lot further in…

Disputes between landlords and tenants can take many forms.  We take a look at how this business aggravation can be remedied with the guidance of tenant representation and present options for managing a tenuous landlord situation. Dealing with a…

Indianapolis does not have a shortage of advantages when comparing the Midwestern city to others throughout the country. One of the most highly influential factors is the cost of living. A recent study conducted by Point…

I recently read a peer’s blog post titled “5 Signs You Need New Office Space”, which I thought was valuable and worth sharing.  However, I believe what might be more relevant is the top reasons today’s…

Indiana continues to be the new home of tech companies with the relocation of Emarsys’ headquarters to the state’s capital. The news of the Austrian company’s relocation to Market Tower was released early 2015. Emarsys’ expansion…

When a business owner or manager considers relocating the business, it’s not uncommon for them to consider a number of locations to find the best fit for their business. Although each business has its own unique…

Since starting my career leasing office and industrial space over 30 years ago, real estate abatement has consistently been a tool that landlords use to procure new tenants. In addition to simply being a landlord incentive for tenants…

Top commercial real estate agents, Indianapolis agents, and agents elsewhere will agree.  Working directly with tenants or potential tenants can be challenging. Why? Well, it isn’t the tenant’s fault, but they are typically unfamiliar with…

As a design partner for Carmen, clients often seek my expert advice on colors to use in their office space. We find that many companies are increasingly interested in how they can use color to create a productive, functional, and aesthetically pleasing design in their workspace environment. Have you ever…

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