Focusing on micro-units in office and retail real estate can make all the difference for your business. In fact, with “affordable housing” continuing to be the buzzword of the past decade, business owners are starting to find ways to make the most out of their real estate investments. This ultimately means that as costs of living continue to rise, developers all around the area are focusing on affordable housing options for their customers. But, there is also an affordability crisis that is taking place among entrepreneurs and startups. How so? The cost of commercial space has sky-rocketed over the last few years. This has brought in the rise of micro units and why they are becoming increasingly popular among office real estate needs for businesses. Here are just some key reasons micro-units are becoming a mainstay in office real estate these days. (more…)
Archive for the ‘ Commercial Sales ’ Category
In recent years, converting unused commercial property to residential property has been a trend to make use of already available resources. Stories of taking old shopping malls and making the store spaces into micro-apartments have gone viral. But there is value in the other way around as well. In some areas, especially historic or crowded urban areas, commercial property space is at a premium. One solution is to convert a residence into a commercial property business space. But how does one do this, and is it worth it? Read more to find out. (more…)
There is one tough question that every business owner must face at some point: should you rent or buy office space? The benefits of even having a physical office location are apparent. Communication, collaboration, and bonding are at their best when in-person, and customers can see that you are here to stay when you’ve invested in a building. In other cases, a physical location is essential to providing your services. No matter what type of business you have, the question of whether to rent or buy office space is often muddy and nuanced according to each company’s circumstances. However, the classic list of what each has to offer can help you in your decision.
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.
Businesses have a lot to look forward to in 2021. With the year almost over, one may believe that remote work is the new normal. Even so, there is still value in physical office locations and hope that companies can make use of this asset in years to come. If you are looking for new office space in the coming year, the office condo may be for you.
Commercial real estate investors have a lot of options. They can specialize in multiple types of CRE, including office buildings. One type of office building that one might overlook is the business park. Are business parks obsolete? Will remote work and virtual service overshadow this form of real estate? Not at all! Here are several perks inherent to the business park.
Commercial real estate has undoubtedly taken a hit due to this year’s debacles. With the lockdowns and the increasing popularity of remote work, it might look like commercial real estate has taken a serious blow. However, because of the economic success in pre-pandemic months, some businesses are suffering less than one might think. In addition, some businesses have actually thrived during this time. If you are a CRE investor looking to broaden your portfolio, here are a few areas to check out.
In commercial real estate, one must have detailed information on the property in question. Without understanding the ins and outs of prospective premises, an investor cannot know for sure how to bid on it nor know what costs will come up later on. In figuring out these details, commercial property investors should conduct a building condition assessment.