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The PSF Blog

The Per Square Foot Blog serves as your guide to commercial real estate along the Gulf Coast, powered by NAI Mobile, your local experts in CRE.

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NAI Mobile Principal Achieves SIOR Designation

Mobile, Ala., June 18, 2020 – Pete J. A. Riehm, SIOR, of NAI Mobile has achieved the SIOR designation awarded by the Society of Industrial and Office REALTORS®. SIOR is an exclusive and coveted accreditation with only 3,400 members worldwide. Riehm has over 13 years of commercial real estate experience, dedicating the majority of his time to sales and leasing of industrial, office, land, built-to-suits and investment properties. To achieve the SIOR designation, candidates must complete at least five years of creditable experience in the highly specialized field of industrial or office real estate; meet stringent transactional volume and education requirements; and demonstrate professional ab

How Will Commercial Leasing Be Impacted by the Worldwide Shutdown?

Businesses have begun gradually reopening and will continue to do so over the next couple of weeks. With this in mind, now that most tenants are able to pay rent on time, it is still important to look at the long-term impact that COVID-19 may have had on commercial leasing. Along with the best practices to implement in managing these properties moving forward. First, the quandary of how some tenants have been unable to pay rent with their business being slowed or halted. Most managers have had to allow some method of rent extensions and fee forgiveness—putting property managers and landlords in a tough spot. This may ultimately prove challenging as it is the ethical option. However, as with

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