Buying Commercial Property
Expanding your commercial real estate investment portfolio can be a complicated venture. Purchasing properties in ideal areas will keep you from missing out on opportunities such as being closely located to your target market or affluent neighborhoods. Perhaps you want to invest in new or up-and-coming neighborhoods and hold the properties until value increases? Or maybe purchase a property, provide major renovations and flip it for a fast resell? You may also consider purchasing a vacant building with potential, adding amenities and filling it full of quality tenants.
Finding the right property for your needs can be time-consuming and draining. Let one of our experts conduct a full market analysis to help you make well-informed decisions on your next commercial property purchase.
Market Analysis includes considerations on…
Different areas will require premium pricing while other, more rural areas, will offer better deals. Explore the possibilities of your business or investment needs and decide which location would provide the best return-on-investment.
Obtaining a property with close proximity to an airport, rails, post office, laboratory or vendor may be important to obtaining quality tenants. Consider the best tenants for your property type and make decisions based on their individual needs.
Demographics reports are especially important when purchasing retail, but are also helpful to office and industrial purchases. Consider where ideal customers will reside or the greatest opportunity for preferred employees. Manufacturing businesses may require nearby public transit while retail will want high population counts. A full demographic survey will pinpoint the ideal locations for your preferred business.
Do you want to be as far away from your competitors as possible? Do you want a list of their locations to assess opportunities they may be missing? Our experts can provide advice on locations that will capitalize on your competitor’s short-comings.
Different businesses will prefer different traffic counts. Retail stores will often want the busiest street corners but office and industrial may not.
Understanding exactly what your competition is offering can help your negotiation strategies when dealing with potential buyers. Note the differences in building types or amenities offered. These factors will all effect the pricing strategies of individual buildings.