How to find people on social media that are looking for retail space. From https://www.digsy.ai/ In this video, Andrew Bermudez, Co-Founder and CEO of Digsy AI explains how to best use social media to find people who are actively searching for commercial space. This video is geared toward Commercial Real Estate.
It doesn’t matter if you’re an amateur or adept in the industry — if you’re interested in advancing a career in commercial real estate, consider pursuing an education. These days, aspiring brokers and investors are looking to the ample amount of educational opportunities available online in order to better serve their clients and improve their … Read more
Finding an office space that is suited for both your needs and your price range can be a challenge at times, but it shouldn’t have to be. We’ve taken a look at Whista’s “25 Best Websites to Find Office Space for Rent” and picked our favorite top 5 office space rental websites.
Shelton, CT boasts a population of less than 50,000 and stands amongst four of the state’s top cities located in Fairfield County, including Bridgeport, Stamford, Norwalk and Danbury — combined, these four destinations form a population of nearly 435,000.
If you are a commercial property investor, a commercial real estate broker, or an owner you’ve asked these questions: What is my commercial property worth? How do I get an accurate property valuation? What influences the value of my commercial property? You need a web tool to help you through the process! There are hundreds … Read more
When it comes to leasing or buying a commercial real estate property, there are a number of advantages and disadvantages to consider before making that big decision. While the market can be unpredictable and intimidating, unfortunately there is no fool proof way of determining which option is overall the best.
Taking into consideration these pros and cons that we’ve compiled from QuickBooks’ article on “Leasing vs. Owning Commercial Space” and LeaseMatrtix’s “The Pros and Cons of Leasing vs. Owning”, in addition to your own finances, objectives, and motives will help you in making the best investment decision for your circumstances.
Coming in second behind San Francisco, Denver is expected to outperform all other global retail markets at 7 percent for the years to come. Last year alone, 19 properties in the metro area sold for over $100 million, that’s a combined $2.6 billion. Surprisingly this is only the beginning for the mile high city.
Buyer’s Journey #3 – Top features and benefits of CRE lead generation companies
Let’s face it — establishing a firm reputation, developing trustworthy alliances and compelling buyers to act isn’t a cinch in business, particularly if you’re a Commercial Real Estate (CRE) broker attempting to generate leads online. Luckily, a myriad of digital marketing companies have cropped up across the U.S. to help CRE professionals hook quality prospects on the regular.
One way to identify a potential investment location which is on the precipice of rapid value increase is to understand where gentrification has recently started. Gentrification is defined as a process of renovation and revival of deteriorated urban neighborhoods by means of influx of more affluent residents and can be an excellent signal for investment … Read more
Commercial real estate is about far more than aesthetics. A property might appeal to your senses, but it’s important to remember that real estate investing is a business. That means you should be paying careful attention to the main elements of the deal: the terms and the return on investment. Buying a property based upon … Read more
Considered the birthplace of California, San Diego is the economic hub of the region and boasts thriving military, tourism, trade and manufacturing sectors. At the end of 2016, the unemployment rate fell at a post-recession low of 4.2 percent.
Commercial investment in the area is thriving, with a high demand for restaurant space and multi-family housing. According to a report from Coldwell Banker Commercial released in April, multi-family vacancy rates have decreased to below 3 percent and a mere 3,000 units will become available this year, despite the 8,000 units currently under construction.
Here’s what you should know about CRE’s rapid shift to online marketing Relying on the internet to generate new business may seem futile to industry vets, but for investors climbing up the ranks today, it’s vital to their survival. Now more than ever, lead generation between Commercial Real Estate (CRE) brokers and investors is happening … Read more
Newly inked market research tells us that the U.S. commercial real estate market is growing at a slow, but optimistic pace. Experts say that leveraging new trends, responding to wide scale shifts in demographics and adapting to regulatory change are among the top demands investors are faced with today. And while it may seem like … Read more
Despite living in an ever-expanding digital world, real estate investors still rely on the in-person perks of an open house to land a sale, fast. Sparking an interest among buyers requires much more than a veggie tray and snap tour. Instead, an open house should allow audiences to engage with you and the property first-hand. … Read more
This week, MyNOI covered what a Real Estate Investment Trust is and some of the pros and cons of investing in them. Today, we’ll cover how REITs came into being. REITs were created in 1960 as then President Dwight E. Eisenhower signed Public Law 86-779, which is also known as the Cigar Excise Tax Extension … Read more
Unbeknownst to many who aren’t involved with commercial real estate, the market actually follows a fairly predictable pattern. This real estate cycle can be broken down into four distinct phases—recovery, expansion, hyper supply and recession. Knowing which of these phases the market is currently in can help you make the best decision regarding your investment … Read more
Before you get involved in commercial real estate, it’s important to know how you plan on making money from deals. Entering the market with an understanding of what you plan to do with your property in the future can help you make the best decisions now. In this post, we’ll cover strategies for turning a … Read more
Whether they’re building a property from the ground up or are choosing to renovate an existing space to lease — commercial developers wear many hats. Toronto-based city builder and blogger Brandon Graham Donnelly put it best when he said “Developers are like an orchestra conductor. They don’t play any instruments, they just direct the performance.” … Read more
In 2014, Loopnet partnered with Google and released a study called “Commercial Real Estate Consumer Online Behavior and Trends”, with the stated objective of “better understanding the role of the internet in finding, selling, and leasing commercial properties.” Utilizing a 3rd party company, a blind survey was conducted to examine the behavior and sentiments of … Read more
If you’ve ever glanced at a land-use zoning map before, you understand why people don’t bring it up in conversation often — it’s complicated. Just look up the phrase “zoning maps” in your area of interest and you’ll see what I mean. Despite the somewhat drab nature of the topic, zoning ordinances play a crucial … Read more
The week is just beginning, but already there’s lots of commercial real estate news to catch up on. Check out these four articles on Miami investments, CommLoan, the state of CRE and a call to brokers to work toward more affordable housing. As Miami’s Condo Market Plummets, Commercial Real Estate Soars The tables are turning … Read more
Ask people what a commercial real estate developer does and you’re likely to get a different answer from all of them. The fact is, being a real estate developer is a complex blend of architecture, finance, managing, engineering, hand-shaking and more. There’s no straight shot to becoming a real estate developer, but we’ll highlight some … Read more
In commercial real estate, it’s smart to think ahead and keep a close eye on the numbers. As a commercial broker with more than two decades in the ring, I’ve continued to rely on a variety of metrics, including Internal Rate of Return, or IRR, to ensure my investments are sound. IRR stands strong in … Read more
One way to identify a potential investment location which is on the precipice of rapid value increase is to understand where gentrification has recently started. Gentrification is “a process of renovation and revival of deteriorated urban neighborhoods by means of influx of more affluent residents” and can be an excellent signal for investment opportunities. One … Read more
Before putting pen to paper on a fresh new lease, it’s often recommended to draft up a Letter of Intent. An LOI, as it’s called in the industry, helps prospective tenants edge forward to signing a lease that’s inclusive of their plans for the property in years to come. These documents vary from deal-to-deal and … Read more
Retail property is one of the most sought after investments around today. Out of the four asset classes on the market, investors are paying large sums for small, multi-tenant and single-tenant retail properties in locations across the globe. With such hot demand, it’s hard to get your foot in the door. That’s why I’ve put … Read more
Investors prize after real estate deals that guarantee safety and high rates of return. These days it’s hard to know where to look. My advice to you: consider the absolute net lease, also known as the land lease. Picture a prime piece of property on a high traffic corner, free of development — to put … Read more
It’s a good time to invest in multifamily units for many reasons. Approximately 35% of the U.S. population rents, and the demand for rental housing is strong. On top of the market appeal, the convenience of multiple units situated in one location cannot be overstated. Below, I’ll cover some of the reasons you should consider investing … Read more
It doesn’t matter if you’re an amateur or adept in the industry — if you’re interested in advancing your career consider increasing your commercial real estate education. These days, aspiring brokers and investors are looking to the ample amount of educational opportunities available online in order to better serve their clients and improve their ability … Read more
Central to the business of brokerage, leasing and investing is property management. To maintain a smooth operation, it’s crucial to pick the right property management software. As an owner of a property management company, in addition to my brokerage and development business, I can tell you the dos and don’ts of property management software options … Read more
With the continued evolution of eCommerce putting a dent in the bottom line of brick and mortar retail stores, from AAA national brands to local mom and pop shops, it’s tougher than ever for owners of retail centers, malls, villages, and the like to know what to include in their tenant portfolio to maximize effectiveness … Read more
Global political and market conditions can and will have a major affect on Commercial Real Estate (CRE) in the United States. The US has long been considered one of, if not the most, stable and transparent property markets in the world, which means that global capital is naturally driven into domestic CRE. For example, in … Read more
Search “commercial real estate” online and right away you’re inundated with thousands of portals vying for your attention. I know finding the right site isn’t always easy, so I’ve compiled a list of the best websites to search for commercial real estate. Loopnet.com is one of the best websites to search for commercial real estate, particularly … Read more
As a certified appraiser and broker, I know the best practices to value an investment property. My go-to list boils down to three approaches related to cost, income and sales. So if you’re not so sure how to value your commercial property, keep reading. 1. The cost approach When you begin to value an investment property, … Read more
I’ve been involved in commercial real estate for more than 25 years. Since then, I’ve come to understand what works and what doesn’t when it comes to the relationship between a client and their broker. I put together a list of 7 key traits for brokers to strive for, developed from my many years of … Read more
Not so sure how to answer the above question? Here’s what you need to know. A capitalization rate, or a cap rate as it’s often referred, is the rate of return anticipated for one year if the property was paid for in cash — It’s the ratio between Net Operating Income (NOI) and the property … Read more
In commercial real estate, whether it be for a retail, office or industrial lease, the terms “triple net” and “gross net” come up often. Learning the difference between the two could make all the difference in reaching an agreement that is mutually beneficial for the tenant and property manager. Often referred to as a net-net-net … Read more
These days, real estate investors are increasingly looking to multi-family properties to generate high rates of return. With demand for apartments and similar units on the rise, learning to weather fast market conditions is an imperative to getting the best value for your property. With years of experience as a commercial broker, I’ve developed three … Read more