No one likes to have a building sitting empty: not the local government, not the neighbors, and especially not the building owner. It’s an easy trap to fall into, however, if you’re playing Goldilocks and waiting for the absolute perfect tenant. At the same time, no one wants to sign a lease to a terrible tenant simply to have a building be occupied and then have that tenant fail in some way soon after. One thing you should be doing is screening potential tenants before spending time and money on more in-depth investigation. These questions are a good place to get started.
Archive for January, 2021
Commercial real estate investing is one of the most stable forms of making a living. However, it takes considerable skills and knowledge of the market to perform wisely. One of the choices an investor must make is what type of property to invest in. Believe it or not, industrial real estate may be a better choice for you than office, retail, or multi-family properties.
Life is unpredictable, but some things are more bound to follow patterns than not. The commercial real estate market is no exception. Investors seeking to improve their buying strategies will quickly realize that timing is one huge factor in investing smart. Below is a brief look at what the best time is to buy commercial real estate.
Commercial real estate undoubtedly took a turn for the worse in 2020, and although some types have thrived more than others, it will take time to see whether the commercial real estate economy rises or falls overall. Thankfully, as 2021 dawns, CRE experts are tentative yet have good hope for a positive turn for this industry in the coming months. Below is a brief look at the CRE trends for 2021.