James Iodice - Commercial Real Estate Michigan

Dear Friends and Clients,

Happy New Year!! Green grass in February? Is it spring already? The real estate year has started with a bang, and I am happy to report the markets are changing here in Southeast Michigan.

This Winter, I’m writing you with great news.

Effective immediately, I have joined Coldwell Banker Weir Manuel in Birmingham, where I will continue to serve all your needs for commercial real estate with the same enthusiasm and diligence. This move allows me the flexibility to also serve your residential needs, now with the vast residential resources of CBWM behind me.

This is not a refocusing of my commercial business, but rather a broadening, based on feedback from clients like you who prefer to have one source for all their real estate needs.

A quick recap of my qualifications:

- Expert in the tri-county area. Deals closed throughout Michigan.

- 12+ years of experience, with an average of 30 commercial transactions/year.

- Office, medical, retail and industrial properties.

- Strong client relationships. 92% of my business comes from referrals.

- Founder of commercialrealestatemichigan.net, Michigan’s premier online

commercial resource. Voted Corp! Magazine “Best of Michigan” 2011

In addition, Coldwell Banker Weir Manuel is the Michigan’s leading real estate company. My Birmingham office has over $240 Million Dollars closed in the last year alone, meaning we are well-poised to meet all your residential needs.

I look forward to the opportunity to streamline the real estate process for you with the same expertise and professionalism you’ve come to expect from me.

As usual, please call me to discuss any of your real estate needs, no matter how small, at no charge. Serving you is my top priority.

Very truly yours,

James Iodice, Commercial Realtor

Associate Broker, Coldwell Banker Weir Manuel

Cell (248) 225-7180

jiodice@cbwm.com

294 East Brown

Birmingham, MI48009

Office (248) 644-6300

I have joined Coldwell Banker Weir Manuel in Birmingham, where I will continue to serve all your needs for commercial real estate with the same enthusiasm and diligence. This move allows me the flexibility to also serve your residential needs, now with the vast residential resources of CBWM behind me.

James Iodice

Wiz, bang, zoom, so what??

That was the title for a industry article in the Corporate video production industy years ago. This was at a time in the industry when the first mention of non-linear editing and using personal computers to do effects on video. Now "Uncle Joe" could snaz up his videos, or even go out and shoot video with his camcorder and make it look "professional" with all kinds of cool transitions.

The author was trying to convey a clear message many of the "part-timers" or non professionals just did not understand. All these fancy transitions, and cuts and effects are meaningless unless they have a purpose. Video and film is supposed to be seamless, you should not be distracted from the message with all kinds of wipes and dissolves.

So what is MY point? The very same thing is true, even to this day, with Real Estate websites. Almost 5 years ago I started seeing a trend in Commercial Real Estate here in Michigan. How companies and corporations searched for office space for lease, industrial space for sale, retail space for rent, how to market commercial space. Here in South East Michigan marketing commercial and industrial space, and finding office and retail space to lease or purchase is difficult. Or at least it was until I launched CommercialRealEstateMichigan.NET .

Sure when websites started to become popular, commercial brokerage houses started websites. Actually most every real estate company launched or maintains a website. The problem is most everyone jumped on the bandwagon just because "everyone has one, we should have one too". All the properties they have listed, fancy photos, and searches, videos. Wiz, Bang, Zoom, So What? - All that means nothing if the consumer can't find it!!

Commercial Real Estate Michigan .NET was launched and is run for the Commercial, Office, Industrial, and Retail business. Even large corporations have found the website useful and a necessary part of securing their facilities and real estate.

The website has been a great success over the past 5 years, helping many companies both large and small with their commercial real estate needs.

Commercial Real Estate Michigan has also proved out another very dynamic shift here in the south east michigan market. How commercial real estate will best me marketed, and how business will best be represented has shifted in a major way. How that is starting to change is very exciting, look for more details in a later post.

James Iodice

Commercial Real Estate in Michigan is starting to move. We are seeing small and large business making decisions in their facilities and real estate needs. Those very best spaces, those buildings with the great price, great location, and in great condition are selling and leasing. Fast.

Jamie, how come I see 20 different buildings with "available" out in front, and you only tell me there are 4 spaces that work for my company? Yes, there are many options that DON"T work. Smaller businesses tend to spend the most time looking for commercial office and retail properties on their own. They waste hours, and many times will secure a space for more than the market rates.

Rental Rates for Retail Office and Industrial Space in Waterford. Here are the average rates in the area for July

Industrial: lease rates range from $6.00 to $12.00 per square foot

Medical: Medical office space rates range from $9.00 to $18.50 per square foot

Office: General office space rates range from $9.00 to $18.50 per square foot.

Lease types will vary from building to building. Some properties are leased on a Triple Net (NNN) basis, while some will provide a gross rate plus utilities. As you can see it becomes very confusing to a consumer trying to understand exactly what they are paying for and how it will impact the business.

If you ever have questions with Real Estate in Michigan, leasing and selling commercial real estate, or the Michigan real estate market, please feel free to ask.

This year South East Michigan had an unprecedented opportunity to take an active role in the research to prevent and cure cancer.

The American Cancer Society held enrollments at only four community relays in the SE Michigan Area. This is the Cancer Prevention Study 3 or CPS3.

The Relay For Life of Waterford, was also a huge success! Still an "new" Relay by many standards, the overall goals for the community were high. The Waterford and surrounding areas stepped up and achieved all of the Relay goals for this year.

I was very concerned when Last year our target was set at an unbelievable $120,000 for a community hit by tough times like so many others in SE Michigan. As of our rap up meeting last week, the Waterford Relay has Raised $140,000.00 well above the goal. GREAT JOB everyone, we can honestly say we are Creating a world with more birthdays!

Jamie Iodice - Commercial Real Estate Michigan