The Price Is High. The Buyers Are Gone.
3 Key Takeaways: A building can survive its owner and still never be worth what that owner insisted. That is the uncomfortable part of selling commercial real estate. Concrete lasts. Conviction, unfortunately, does not establish market value. An owner may have spent decades maintaining a property, replacing its roof, navigating tenant problems, and remembering what…
What To Look for in a Commercial Agent
If you ask any commercial broker or agent they will tell you commercial real estate is different than residential. It is almost a cliche. When hiring a residential real estate agent, it is much simpler and potentially more straightforward on who you are hiring. When you hire a residential agent, you can easily see how…
Location, Location, Location
Disclose or Not to Disclose In commercial real estate, sometimes sellers are hesitant to share their property’s location when creating public marketing. This can happen because they own a business and don’t want to cause concern to clients or decrease sales or, if they own a multifamily property, they don’t want to alarm tenants. The…
A Crazy Housing Market’s Domino Effect on the Commercial Market
To most people looking around at the American housing market, they see it is as robust as ever. With people putting their house on the market and receiving multiple offers of $20k, $50k, even $100k over list price, it leaves people scratching their heads as we enter year two of the Covid economy. How can…
Storage Units Are Hot Right Now
The real estate market continues to be strong due to low interest rates and little inventory which drives up prices. The commercial real estate market varies substantially by location and product type. One of the few constants in the market that seem to be remaining strong is storage facilities. With extreme volatility in other financial markets…
The Winners & Losers of COVID-19: Why & How
When the government shuts things down, it clobbers the small guys, when the Wal-Marts get to stay open! Who are the winners and losers at this point of the COVID-19 Pandemic? What are the forces pushing the scales? Is this a long-term trend, and will the winners and losers stay the same as we continue…
IRR or Cap Rate – What’s Your Strategy?
Where is the focus of most investors today? It appears that the focus has been more concentrated on the CAP rate rather than the IRR. Why is this? One would think that the IRR would hold a substantially higher place in the investors arsenal of analysis tools than it appears to be at this point…