341. How Do You Handle Vacant Big Box Suites? | Office Hours

Key Takeaways:

Commercial Real Estate Insights:

Big box retail spaces offer value-add opportunities

Most successful retail chains lease, not buy, their real estate

Demising large spaces requires careful analysis of walls, plumbing, HVAC, and layout

Investment Trends:

Current market is unpredictable

Leasing rates vary significantly

Some investors are aggressive, others are waiting on sidelines

Upcoming Opportunities:

30 Deals, 30 Days challenge (free commercial real estate education)

New educational platform for developers/investors launching soon

Mastermind event on raising capital in October

Practical Advice:

Don't get stuck on complex software

Focus on user-friendly tools that you'll actually use

When starting a business, lease first before buying real estate

Hold brokers accountable with weekly activity reports

Technology Tips:

Useful apps: Land Glide, ChatGPT, White Pages

AI can help quickly analyze real estate data

Always verify AI-generated information