21 Nov How Do I Know My Appraisal is Accurate?
Buying or selling a property is a big investment. You want to ensure that you’re getting a fair price for your property. What happens if the property is appraised too high or too low? Do you trust the first appraisal, or should you request multiple appraisals from different appraisers? While the short answer is that if you’re uncomfortable with what...
20 Nov Is Commercial Real Estate a Good Investment?
Commercial Real Estate is a phenomenal investment! Commercial properties such as office buildings, apartment buildings, industrial buildings, warehouses and “mixed-use” buildings typically offer a greater financial reward as compared to residential property. We’re talking, real, tangible assets that you can see and check on with a strong earning potential. The key thing about investing in commercial real estate is that you’ve...
19 Nov How Much Do Commercial Brokers Charge?
The answer to this question is deceptively simple: It’s all negotiable. But the reason behind this answer dates back to 1890 when Congress passed the Sherman Act as a way “to protect the process of competition for the benefit of consumers” (source). Essentially, the Sherman Act along with the Federal Trade Commission Act and the Clayton Act ensure healthy competition in...
14 Nov How do I evaluate a commercial property to purchase?
As a commercial real estate investor, it is crucial that you know how to properly evaluate a property before making an offer. You may be eyeing a commercial property to purchase, but before investing it is critical to know how much the property is actually worth. What will be the rate of return on the property? Is the asking price...
11 Nov What is the typical lease term for office space?
This is kind of a trick question. Unlike residential real estate where leases are typically for 1 year, lease terms for commercial real estate vary widely. Many times, the lease term will depend on the building type, whether it’s a one story garden type office or a multi-story/multi-tenant building that you’d see downtown and other areas of Baton Rouge. Lease terms...
11 Nov Can I request my landlord to make upgrades to my office space before I move in?
Generally, office space is tailored to each specific businesses' needs whether it be small things like paint colors or big things like locations of walls and offices. When you’re moving into a new office space, it’s likely that the decisions that the previous business made for the space will not meet your needs for the space. Because of this, you...
05 Nov Is there a Zillow for commercial real estate?
Zillow has taken the residential real estate market by storm and become the go-to for anyone looking to buy a home. So, if you’re in the market for commercial real estate, the next logical question is whether or not there is a Zillow for commercial real estate. While there are a few sites that compile commercial real estate information, none...
05 Nov How Do I Find a Commercial Property Online?
For people looking to purchase residential real estate, there is a wealth of websites to choose from. Sites like Zillow, Homes.com, and even individual brokerage sites include search tools and a wide variety of listings for you to browse from the comfort of your home. Things get a little more difficult if you’re trying to find a commercial property online. There...
07 Aug What Is Driving The Demand For Industrial Real Estate?
The industrial real estate market has been on quite a roll for the past few years and the outlook remains strong. According to the World Economic Forum, the industrial and manufacturing industries are on an upswing that has not been seen for more than 100 years — a “fourth revolution”, so to speak. With new and exciting innovations in science, commerce,...
25 Jul How To Find Your Perfect Multifamily Property
Have you been considering purchasing a multifamily property? Maybe you are a first-time buyer or looking to expand your portfolio to a new sector. Do you wish there was an easy guide on how to find the right property for your specific needs? Something like a “Multifamily Properties for Dummies” that could simplify your buying process? Well, look no further. Here's...