All tagged cre advice

Commercial Property During a Downturn?

Benjamin Franklin once said that there are no guarantees in life other than death and taxes but I believe we can also add a downturn in the real estate cycle to that list.

Having been in the real estate business for over three decades I’ve experienced first-hand multiple cycles in the market. During these phases I’ve noticed a trend, people who operate their properties with a strong management team typically forecast the market turning and prepare in advance. 

The market you’re in will have a lot to do with how properties are effected, Los Angeles and a few other major metro areas typically only see a drop in value of a few percentage points while other areas can take a bigger hit.

Retail Location Advice—What to Consider

Overall there are five main components you should consider for your retail space…it can be a relatively straight forward process.

Location location location…  We’ve all heard the saying before as it pertains to real estate, but what exactly does it mean when you are looking to lease a space for your business?  This varies with what type of business you have as well as what you’re looking for to help ensure the success of your business.