When you look at the two words, vacancy and availability, they appear to have the same meaning. We assume that a property claiming availability has a vacancy because we imagine an available unit to be vacant. Confusing? Let us see what these two words mean in commercial real estate and what they do separately and together.
Read MoreCost segregation has been around for some time. In 1997, the Hospital Corp of America and Walgreens Pharmacy appealed that shorter periods should be available, rather than waiting for 27 ½ to 39 years to get their tax returns. These schedules now follow a five year, seven-year, 27 ½ years and 39 year depreciation time frame. Here is a breakdown of the classifications and depreciation periods.
Read MoreGlengarry Glen Ross was spot on for that time, cold call, cold call, cold call. When asking many CRE Agents how they choose to market themselves many say they focus on cold calling, they don’t see the value in utilizing social platforms. However, the modern-day CRE agent has so many more options to generate leads that it’s almost overwhelming. With so many new social platforms, email programs, CRMs, referrals, cold calling, blog writing it’s almost too daunting to figure which is best for you to utilize.
Read MoreModern office buildings, symbolizing best practices when flipping commercial real estate
Read MoreLocation may be one of the most important factors when starting or opening up another site. Followed by leasing options or, if there is a building for sale in the area, buying the office building entirely. Here are the benefits and negatives of buying versus leasing an office building.
Read MoreAs a buyer of commercial properties, you should accomplish two types of due diligence before moving forward with the acquisition. These types of due diligence will protect you against incurring liabilities, and you will be made aware of precisely what you are purchasing. It also gives you a more straightforward overview of what you can negotiate and the terms you could offer. The two types are physical due diligence and financial and operational due diligence.
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