Category: Real Estate
Category: Real Estate
5 most common mistakes in commercial real estate transactions
- December 2, 2022
- Real Estate
Commercial real estate involves considerations that residential property buyers typically do not consider. Stiff competition and high dollar values can make emotions run hot and lead to blunders, especially in booming markets like Florida, where people want to move quickly. Buyers and sellers need to head into commercial real estate deals,[ ... ]
How do Class A, Class B and Class C office buildings differ?
- October 29, 2022
- Real Estate
Unlike residential real estate, Florida’s commercial real estate market includes properties you may purchase or invest in to generate income. Office buildings are part of the commercial real estate market, but office buildings come in several different classifications that give you some insight into their amenities, location and more. According to Bankrate, commercial office state typically comes in one of three categories: Class A, Class B or Class C office space.[ ... ]
What separates commercial real estate from residential real estate?
- June 15, 2022
- Real Estate
When you first start out with real estate, you have one big question to answer first: do you go for commercial properties or residential properties? Understanding the differences between the two can help pave the way to making the best possible choice. Pros of commercial and residential real estate Leverage discusses commercial versus residential real estate, which have many notable differences. First, by definition, a commercial property includes any prop[ ... ]
How do you determine the load factor of a commercial space?
- January 26, 2022
- Real Estate
If you are looking to rent office space in a multi-unit commercial building, you may not mind paying a premium for the perfect space. Still, you undoubtedly have a keen interest in keeping rent payments as low as possible. Multi-unit commercial buildings are ideal for many types of businesses, as they often combine private and shared spaces. That is, in addition to your office, you may have access to a lobby, staircases, elevators or courtyards. Your landlord is like[ ... ]
What mistakes do commercial real estate sellers make?
- November 11, 2021
- Real Estate
No matter if you want to buy or sell commercial property in Florida, you deserve to know common mistakes. A single slip-up could have avoidable, disastrous results. Forbes breaks down common commercial real estate seller oversights. Set yourself up for success by understanding commercial real estate transacti[ ... ]
Industrial developers show interest in office building vacancies
- July 31, 2021
- Real Estate
Florida's commercial real estate market has attracted investors interested in repurposing vacancies into industrial properties. Abandoned office buildings, for example, have found buyers eager to convert them into warehouses, labs and storage. Digital shopping launched a demand for more facilities that can support logistics and order fulfillment for big-box retailers. As reported by CNBC,[ ... ]
What are the five types of commercial property?
- July 30, 2021
- Real Estate
The broadest classification of real estate properties are “residential” and “commercial.” Generally speaking, people purchase residential property to live in themselves. It is the most simple property classification and involves condominiums, townhouses, and single-family homes. Commercial property, however, is a lot more nuanced than there are multiple different kinds. Overall, there are five different categories of commercial properties that you might choos[ ... ]
What first-time home buyer mistakes should you avoid?
- July 14, 2021
- Real Estate
When buying your first house, you must have plentiful knowledge of the real estate market. It can easily get overwhelming when you try to remember every piece of advice or information you pick up along the way. Instead of trying to do that, focus on a few major sources of information. What are the biggest mistakes first time home buyers usually make? And above all else, what can you do to potentially avoid them? Getting stuck on the perfect home Business I[ ... ]
Should I buy a building or build a new one?
- June 22, 2021
- Real Estate
Like many business owners, you have a need for a new building to serve your enterprise. It is likely your first thought was to look for existing buildings that are for sale. Purchasing the right building could reward your business, but you may have another option. You could hire a construction company to build a new structure from scratch. The option to purchase or construct a building is nothing something to rush into. As Chron explains, you should[ ... ]
Can a restrictive covenant affect your real estate deal?
- March 27, 2021
- Real Estate
Florida real estate investors and developers should understand how restrictive covenants can impact the profitability of a potential purchase. Unlike an easement, which requires a landowner to allow the use of the property for a specific purpose, a restrictive covenant prevents a landowner from using his or her property for a specific purpose. Review the facts about[ ... ]
