The housing market has reached a fever pitch in 2021, with fewer homes available for sale and very high demand. Among those looking for residential property are commercial real estate investors. Perhaps you are one of them. Converting commercial real estate into residential is a common practice, but what about residential to commercial? Here are a few pointers concerning this approach.
Archive for the ‘ Commercial Development and Consulting ’ Category
Commercial development can look like various things, such as the construction or reconstruction of data centers, warehouses, self-storage, retail, or office buildings. Constructing new buildings in a local area can have its pros and cons, but it can certainly have several benefits if it is done right. Below are at least three benefits of commercial development.
Many go-getting investors dream of becoming a landlord or property manager and build that oh-so-valuable passive income over time. Many people use passive income for all sorts of reasons, such as retirement planning, supplementary income, or to save up for something they love like hobbies or vacations. Regardless of the reasoning, the world of real estate investment and commercial management is not as easy to get into as you might think. One way to make things a lot smoother is by employing the services of real estate consultants. Want to know more about real estate consultants and how they can help make your real estate dreams come true? Read this! (more…)
So you’ve set your sights on some land and are considering zoning it for commercial use. That’s great! But, you may be feeling a little uneasy about what the project may entail, especially if this is your first time at the commercial property development rodeo. The real estate consulting industry can be hard to navigate. There are so many factors that create a commercial property from scratch, such as legal, financial, and safety requirements. Plus, that doesn’t even include the architects, designers, construction crews, and tenants that will be involved in the actual building and renting process! Luckily, there are many people that are experienced in helping you make your commercial property development dream a reality, like us at Clagett Enterprises. Here’s how to find your footing today! (more…)
If you are on the lookout for a brand new office real estate location for your company, you are likely facing hundreds of vacant commercial lots or properties to choose from. But, especially for a brand new start-up or rapidly expanding company, you may be having trouble figuring out what size of office real estate will work best for your company. Many people that are inexperienced in the world of office real estate may simply look at a property and say, “This will do” and sign a lease, even if it, in reality, will not suit their company’s needs properly. Make sure to read this if you are looking into purchasing or renting office real estate to make sure your company will be getting the right size for its operations! (more…)
Most adults know what the word real estate means: a property that is available for sale. Most adults also know that there are two different types of real estate; residential and commercial real estate. What most adults don’t know is that each type of real estate is very different from one another, even though both have to do with buying property. For instance, if you are interested in investing in either, you’ll have to know the major differences between the two, or some serious mistakes could be made. Before investing in residential or commercial real estate, understanding the differences between the two is essential. Here’s a quick guide to their similarities and differences. (more…)
The pandemic has pivoted the way we think of the real estate industry. Even though more and more people are fully vaccinated at this point, some offices have decided to go fully remote. This has shifted the market by an increased amount of people looking for high quality living spaces, and diminished the desire for office real estate. However, there is one type of commercial real estate that has not been affected by the crazy pandemic market– industrial real estate. This makes industrial real estate a solid, dependable choice for anyone looking to invest in commercial real estate in 2021. But why is that exactly? Read below to find out! (more…)
During this pandemic, many businesses have moved out of the office and into private homes. While this at first was a temporary precautionary solution to keeping office workers safe, more and more business people have chosen to stay at home. This has put a question on many people’s minds: is keeping an office space worth it? The reality is, it’s up to how your business wants to operate. But there are lots of tenants that are slowly but surely arriving back at the office or considering an entirely different space for a corporate refresh. This is where a business park comes in. A business park was once the most sought-after area to place your business since it was often accompanied by convention centers and hotels for market professionals to reside in during business meetings. And despite the pandemic’s adverse effect on commercial real estate, a business park is still a great place to have your office space. Here’s why. (more…)
Frederick, MD, was once a small, sleepy town situated on the way towards Western Maryland but now is a prime location for buying or renting commercial property. Frederick now helps to form a powerful business triangle with Baltimore and Washington, DC, once the largest cities for employment in the DMV area. Over the last 20 years, Frederick has increased its business and economy to support over 3,500 professional offices and employers. There are hundreds of reasons why Frederick, MD, is a trendy place to locate your commercial property, but here are just a small few to convince you the investment is worth it. (more…)