Real Estate Information Center

In a down market with potentially high vacancies, there are many opportunities for landlords to incentivize existing clients to renew a lease and to ensure that the market is aware of their product. On the flip side, tenants will be looking for “deals” and incentives and real estate brokers will need to work hard to bridge the gap, getting creative to keep all parties happy.

In a commercial real estate market such as Boston, there are a few things landlords should consider to help garner sales and communicate value when vacancy rates are high or growing:

Continue reading ‘Landlords Can Excel in a Down Market’ »

In the recent past, nearly 70% of all commercial appraisals were ordered by the banks that were going to fund the project. Now that banks are absent from the performing funding space, many developers are left with the responsibility of ordering an appraisal. Unfortunately, many of the appraisals they order and submit are simply unacceptable to 90% of our funding sources.

As a rule of thumb, if you don’t have an appraisal, don’t order one. Let the funder that has an interest in your project suggest one that you use. Otherwise, if you want to order your own appraisal, there are few bits of advice to follow:

1) Ask your mortgage broker who they use and have had success with. Be prepared to spend more than what the local guy quoted you. Your mortgage broker is always going to choose an appraiser he or she has had success with and gotten deals funded with, which is your primary objective.

Continue reading ‘The Facts About Commercial Real Estate Appraisals and How to Save Money’ »

I already feel your skepticism. Buy commercial real estate? This year? Doesn’t this guy know that vacancy rates are skyrocketing, unemployment is on the rise and market sentiment is that commercial real estate will be “the next shoe to drop”?

Actually, I do, and I want to be very precise with my strong buy recommendation. This article is specifically for business owners who are currently leasing space and who also intend to be in business for at least the next 10 years. If that’s you, the remainder of 2009 may present the best buying opportunity you will see in your lifetime. Consider the following:

1) You Need a Place to Operate Your Business

This may seem obvious, but unless you’ve set up shop in your home, every business needs space to operate. You’ve already decided to be in business, now you must choose to either rent or own your space.

Continue reading ‘Commercial Real Estate – 7 Compelling Reasons Business Owners Should Buy Commercial Property in 2009’ »

Finding the perfect location for your office

When first setting up a business, or widening office space for further business development finding the most ideal location can be somewhat complex. And if your new into the business route of things may have your head spinning in circles, because obviously you can’t just pick the easiest cheapest middle of no-where locations which are usually more affordable.

Here I have enclosed some steps in finding the best cities and locations in the US for office space.

First step – Understanding what my business needs

Before you can just jump up and go where everyone else is going you need to stop and think clearly. Certain businesses are better off in certain locations which other businesses are not. You need to stop and think, what is your business? What kind of a community or area is targeted by my business.

Continue reading ‘The Best Locations For Office Space’ »

A home loan or mortgage is a fact of life for most people buying a home for the first time. It is important to ensure that when we purchase a home and sign on for a 25 year mortgage that we can comfortably pay the principle and interest while still servicing other debts and living an acceptable lifestyle. While it is definitely a less expensive proposition to purchase real estate on PEI, nonetheless most of the same elements to home financing apply as would any where else.

Before looking at homes and becoming influenced by our hopes and desires it is important to sit down with our partner and doing a budget. Include all your normal bills such as groceries, car expenses, credit card debt repayment, and any other bills that are regular. Make sure you include a margin of comfort for expenses that come around irregularly and for those “rainy day” issues. You should then deduct these expenses from your after-tax income and that is the money that is available for mortgage, property taxes, insurance etc on your new property purchase. Moneys that are currently being paid as rent on accommodations may also be counted in this amount. Consider the resulting amount carefully as the amount you borrow will result in a payment for the next 25+ years, that’s 300 payments. If you can not pay your lending institution will foreclose on the property and your credit history will suffer.

Continue reading ‘Building Real Estate Equity on PEI’ »

The key to quickly reselling your real estate options is to market properties under option to the largest possible number of prospective buyers.

In today ‘s wired world, this includes the global audience of potential buyers, which are available online via the World Wide Web. And in spite of what some foreigners may think about our political leaders, American real estate still attracts investors from around the globe.

For example, here in Central Florida, real estate investors from the United Kingdom, Germany, the Netherlands, Canada, and Spain are continually investing in residential and commercial real estate. European investors so are generally cash buyers, who are ready, willing, and financially able to close a deal without first having to play the mortgage loan disqualification game with lenders in order to finance the purchase.

Continue reading ‘How to Use the Internet to Market Your Properties Globally’ »

The UK recession isn’t easing. Unemployment has officially overshot the two million mark, redundancies have reached a record high and the value of the pound is plummeting fast.

Despite these gloomy statistics some industries are literally thriving as a direct result of the adverse economic conditions. The budget sector in particular is enjoying record growth with companies such as Travelodge planning massive commercial property expansion. The budget hotel chain has exchanged on twelve new hotels recently and is expanding into prime locations that pre recession would have been unavailable to them.

Continue reading ‘Credit Crunch – Commercial Property Successes’ »

The credit crunch became an economic downturn, and the economic downturn has become a recession. Life in Britain is tough at the moment as some financial experts suggest that the country’s finances are at their worst for a hundred years. As house prices came tumbling down, inflation firstly went up, and now is coming down, and then we were told that deflation is worse than inflation!

It’s difficult to know where we are and what to do, but one thing’s for sure: everyone has had to tighten their belts.

Yet life goes on and we all need to keep living our lives. If you were thinking of moving house over the past year or so, you may have changed your mind, and decided to stay put. However, if something about your present home wasn’t quite right before, then, instead of moving, you may well have decided to fix it yourself.

Continue reading ‘Great Deals on Building Maintenance Right Now’ »

Given the current condition of the commercial/industrial real estate market, there is an excellent opportunity for people who have the capital, and or credit to acquire industrial/warehouse properties well below market pricing.

With this in mind, it is important to follow the old adage in any type of real estate “keep the next buyer in mind when purchasing the property”. In other words, make sure the features of the property will be appealing to as many potential buyers as possible. Realizing that this property is there to support your business, you cannot meet every potential buyers needs, but below is a list of key features that are very important to most buyers.

Before we begin, I would like to comment of the state of industrial properties in the U.S. As we all know, more manufacturing jobs are moving overseas. The U.S. is shifting from a production based economy to a distribution economy and import volume is increasing quickly every year. Consequently, developers have responded by providing larger and more efficient distribution centers (warehouses) to meet this need. These are key factors to keep in mind.

Continue reading ‘Buying Industrial Real Estate – Key Factors to Consider’ »

Commercial property investment is different from the residential one. Today, there are plenty of commercial investment mortgage options available. They help you in buying commercial properties. At a smaller level, it might be a warehouse or office space. At a bigger level, it might be a mall or a multiplex.

Commercial property investment is generally made to rent out for business reasons. Prior to buying a property you must ascertain the quality of users you are looking for. It might have to do with area credit history record, needs of the borrower and his payment capabilities.

Continue reading ‘Tips For Commercial Property Investment Mortgages’ »