When it comes to finding value in potential investment properties, small indicators can lead to big value. Let’s take a look at how to find the best value-add property. Considering many factors relating to a property’s potential value is essential to arriving at a realistic purchase price. Investors are looking at local market information, factoring in the cost of construction and the renovation process, and in some cases they are able to see a better and more profitable use than what currently exists.
The popularity of urban centers for living and working has produced some major shifts in the CRE market. Companies are looking for amenity-rich spaces in buildings full of character to appeal to top talent, and mixed-use city neighborhoods are hot in markets all over the country.
If there’s one thing we can all probably agree on, it’s that technology is changing nearly every aspect of our lives. In fact, we wrote a blog recently that covered some of the technologies that have significantly changed the CRE industry over the last decade. But, staying up-to-date on these changes doesn’t have to be hard!
As we shake the dust of 2016 off our feet, what can we expect the coming year to hold for the multifamily sector? The economy’s steady recovery has increased consumer confidence in the past year, and job growth in many markets helped demand to outstrip supply of multifamily housing, despite continued brisk activity in development and construction.
No matter what industry you’re in, using social media as a networking tool and as a way to stay up-to-date on trends and events in the industry is always a great idea. Commercial real estate is no exception. Whether you’re looking to learn more about your particular market, want to stay abreast of changes in the industry, or simply want to network with your peers, add these top commercial real estate brokerages to your list of must-follows.
Amazon is purchasing industrial spaces to help meet on-demand shipping needs. Tesla is buying up industrial spaces for distribution. With these global trendsetters focused on acquiring more and more space for distribution, can the rest of the world be far behind? The answer, obviously, is no.
Chances are you’ve participated in e-commerce in the last day or two. It’s becoming increasingly popular to make selections and purchases online, and this is having a tremendous impact on retailers, as well as the industrial facilities that keep them supplied.
Getting a property sold in CRE involves much more than posting a listing. Finding the right buyer in the shortest possible time frame is a goal worth some proactive effort, so building a list of potential real estate investors is part of best practice.