How to improve your parking lot ratio!

How to improve your parking lot ratio!

The parking ratio of a commercial real estate property is the number of parking spaces available per square foot of leasable space. Having an adequate parking ratio is essential for attracting and retaining tenants, as it can impact their ability to conduct business...
What is commercial Property depreciation?

What is commercial Property depreciation?

Commercial real estate depreciation is a tax term that refers to the gradual decrease in the value of a commercial property over time. Depreciation is a valuable tax deduction for commercial property owners, as it can reduce taxable income and lower tax bills. In this...
Can a Commercial Property be turned to residential?

Can a Commercial Property be turned to residential?

As cities and towns continue to grow and change, property owners and developers are constantly looking for ways to maximize their investments. One common question that arises is whether commercial property can be changed to residential use. The short answer is yes,...
can parking lot repairs be capitalized?

can parking lot repairs be capitalized?

Parking lot repairs can be capitalized or expensed, depending on the nature of the repair and the amount spent.If the repair is minor and does not significantly extend the useful life of the parking lot, it is typically expensed as a repair and maintenance expense on...
The rise of paving cost

The rise of paving cost

The cost of paving has been on the rise in recent years, causing many property owners to wonder why it’s so expensive in 2023. In this article, we’ll explore some of the reasons why paving costs so much in 2023.One of the main reasons for the increase in...
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