Commercial real estate is property that is used solely for business purposes and that are leased out to provide a workspace rather than a living space. Created and governed by commercial brokers and related industry professionals, CPIX has become the most highly used commercial real estate resource in Michigan for site selection by brokerages, city and county government and the MEDC (Michigan Economic Development Corporation).
The current market will include an assessment of a number of things including competing properties, time on market, price ranges, rentals, best method of sale or lease, and ways to attract enquiry away from any other property listed with competing agents.
This seems to have come to a head this summer as Boardwalk REIT (Real Estate Investment Trust) has agreed to sell their Windsor multifamily portfolio to Skyline Apartment REIT This transaction turns Skyline into the dominant Landlord in the region with close to 2000 …
Investors, Developers and other believers have been snapping up commercial real estate in New Haven’s central business district for several years now. Local business owners are a distinct opportunity for commercial real estate agents. In this way you can improve your conversion rates in any sales pitch or presentation. The amount of real estate loans secured by nonfarm nonresidential real estate properties that were noncurrent rose by $4.5 billion (12.2%).
For customized real estate financing solutions for your business, contact us If you’re a customer, contact your Relationship Manager directly. Retail vacancy rates are expected to slip from 13.0 percent in the first quarter of this year to 12.9 percent in the first quarter of 2012.
New housing building permits issued in 2009 for metro Denver reached a 54-year low of 2,405 (that’s back to 1955, in case you were wondering) because of the economic downturn — but are expected …
Headquartered right here in Jackson County, Production Commercial Realty is focused solely on providing superior marketing, consulting and brokerage services to commercial real estate owners, tenants and purchasers. The second step before investing is to totally grasp cash flow is the lubricant of your real estate machine. You should know that you are really dealing with the decision maker for the potential lease. The management practices involved in commercial and or retail property are far more advanced and complex.
Another point I would like to make, sometimes first-time investors take too much advice from those who really do not know a whole lot about real estate. Most investors in commercial real estate either have specialized knowledge or a payroll of people who do.
Tenant/Buyer Representation: In Connecticut, Commercial Real Estate and Residential Real Estate (home) Buyers are more often than not, represented by a Buyers’ Agent. The OREA Real Estate …
This offering is an operating race track just east of Austin/Bastrop Texas. These tips from LB Commercial Realty LLC, leaders in office building leasing in Bergen County NJ , will make your choice easier. A commercial property with low vacancy but high tenant turnover may still lose money due to the cost of renovations for incoming tenants.
It is also the case that a franchise group will likely have a standard lease structure and policy. Through the day-to-day dealings of working in commercial real estate, we are often in contact with many successful entrepreneurs, business owners, professionals and corporate executives.
Many specialist retail real estate agents will work together when it comes to the leasing of major shopping centres and any complex tenancy mix. Retail brokerage services are offered through our affiliate Wells Fargo Clearing Services, LLC, member SIPC , and other affiliated broker dealers.
Wolf Commercial Real Estate is a full-service Philadelphia and South Jersey commercial real estate brokerage firm headquartered in Southern New Jersey, specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. With business partners born and raised in Fond du Lac, to the real estate experience and community business knowledge necessary to promise results, ZA Commercial offers the unique combination of talent to deliver successful transactions. Sales of office properties plunged 79 percent, the biggest decline among all commercial real estate sectors, according to LoopNet.
Although banks with over $10 billion in assets hold over half of commercial banks’ total commercial real estate whole loans, the mid-size and smaller banks face the greatest exposure. If you are new to the industry, then you will soon see just how important these things are to your future listings and commissions.