There is no denying that rental properties tend to be a significant component of any investment portfolio. Rental properties usually provide a slew of wonderful benefits, including but not limited to additional income and added tax breaks. While rental properties can be excellent investments, commercial property owners might want to diversify their investments and opt to sell their properties for the best price. Ultimately, there are some key signs that it might finally be time to sell your commercial rental property once and for all. Here are the tell-tale signs that you might benefit from selling your rental property sooner rather than later.
Archive for the ‘ Commercial Sales ’ Category
The commercial real estate market has taken a hit during the last two years. As hard times have made it difficult to stay in the office building, it has become a valid question whether or not commercial office space is a thing of the future or past. Despite the odds, investors and sellers can expect commercial office space to be popular in 2022 and beyond.
Figuring out how to price commercial property isn’t always simple, especially because there are multiple routes to doing so. Being clear on the value is important, though, as that feasible price that the property could earn in a competitive market will help encourage sellers to show interest. You don’t want to undercut yourself. Typically, we use three different methods for appraising the price of a commercial property, depending on the particulars of your investment situation. Here is how to begin to price commercial property and a breakdown of the three most common approaches for doing so.
There is no denying that boosting the value of your commercial property is paramount for any property owner. Renovating your commercial real estate property is an excellent way to breathe some new light into the building overall. The reality is, there are massive advantages to remodeling and renovating a commercial property — especially if you are thinking of selling it in the near future. Ultimately, if your commercial property has been sitting there without much work done to it for many years, you might benefit from a renovation. Here are some helpful and incredibly useful tips to take into account when renovating any commercial property to sell it quickly.
There is no denying that so many changes have occurred within the commercial real estate industry in the past couple of years. In fact, there have been so many new and unique challenges in the past two years that marketing strategies have had to evolve and shift in tandem with the industry overall. The reality is, shifting marketing efforts can make or break commercial real estate agents and brokers alike. Ultimately, finding solutions to market commercial real estate based on our current climate is a great place to begin. Here are some excellent ways to enhance your commercial real estate marketing strategy to provide more effective and efficient techniques to boost your potential sales.
Selling a commercial property requires multiple steps to have a successful sale. Thankfully, it is by no means impossible to achieve, and with the help of a professional commercial real estate agent, the process can go even smoother. Aside from all the preparation that goes into selling it, timing the sale can also prove beneficial. Below is a look at how you know you are ready to sell commercial property.
When it comes to selling a commercial property, there are definitely some key nuances and differences that should be thought about to get the most bang for your buck. In fact, maximizing your profit can be accomplished when you take the time to understand the specifics associated with selling any commercial property. The reality is, selling commercial real estate can even be a relatively lucrative career choice as well. Ultimately, being prepared for any potential surprises associated with commercial real estate can allow you to work effectively and efficiently to resolve any issues that do arise. Here are the most helpful tips to consider when it comes to effectively and efficiently selling commercial real estate property. (more…)
Commercial real estate is merely the buildings that house people and their services and amenities. Commercial buildings are schools, stores, offices, restaurants, and cultural centers. It is where communities thrive in a way not feasible in a residential house. Likely, investors, owners, and property managers of CRE know this, and know just how important their buildings are. Below is a brief look at how exactly commercial real estate affects downtown in particular.
When looking for the perfect office space, you want to have your criteria straight. Every part of your business office needs to serve a purpose, and part of this space is its layout. What kind of work environment does your business need? Everyone has their preferences, but the trend of the open office layout is undoubtedly booming. Below are the pros and cons of the open office layout to bear in mind.
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…)