Commercial real estate is a complex industry, and the last few years haven’t helped! There can be vast variations between different markets, and depending on your needs, the perfect property could be waiting for you right now!
Whether you’re interested in leasing or purchasing a property, it’s important to recognize these too commonly believed myths of commercial real estate:
The Top 4 Commercial Real Estate Myths
If A Property Is Available, Something Is Wrong With It
Properties are sold for a variety of reasons. Some may be selling to buy another larger property, while others may be retiring. Automatically assuming that something is wrong with any property that comes on to the market can hold you back, and add to the stress of looking for the perfect space for you. If you’re interested in a property, it’s important to do your due diligence and the best way to do that is to work with a commercial real estate holding company, that can help you with things like inspections and title searches. Surrounding yourself with an expert team will make the process easier, and less stressful, and you’ll be overall more informed about everything to do with the property and purchasing process.
Commercial Real Estate Is Too Expensive
While commercial real estate generally does cost more than residential real estate, in many cases, commercial real estate can be more profitable. In the same vein, many lenders are more attracted to commercial real estate projects than residential ones. If working with investors, a great presentation, overall strategy, and profit projections will make financing easier to secure than you may have thought!
Office Design Is Primarily About Cutting Costs
Many assume that all office buildings are full of antiquated, bare-bones spaces that provide the bare minimum in amenities and nothing more. This couldn’t be further from the truth!
Pos 2007-2009 recession, companies were understandably cost-conscious but they also took part in a flight-to-quality with reduced footprints and upgraded locations. This drift toward smaller spaces sparked a revolution in office design aimed at efficiency and improving the office experience for employees, as attracting and retaining talent has become vital in a tighter employment market.
Good Deals Are Hard To Find
First and foremost, “Good” is subjective and wholly dependent on your goals and current situation. That being said, there are always good investments to be made in real estate! Some prefer to buy properties when the market is down because in the long run the property should appreciate. While triple net lease properties are usually always available and provide a fairly-stable risk profile. The key to finding a “good deal” for your specific circumstances is to become a student of the market, or even better, surround yourself with people that are – like our team at Vista Holdings
If you’re searching for a commercial real estate property, please don’t hesitate to contact us! We’d love to help you find the perfect property for your goals.
