Nintey percent of searches for commercial real estate begin online. Gone are the days when people first hopped in a car and drove around to check out potential buildings. Those who are looking to make residential real estate investments can find lots of tools to guide them through the marketplace online. But, the online evolution for commercial property is not yet complete.
Although the Houston market is still recovering from several years of oversupply, nationwide one specific area within the commercial real estate market industry is generally booming: office space. Office space has reported regular growth over the last four years -- and 2019 may be the best in recent years.
Cities in Texas are attempting to reduce their waste production output. Austin, for example, passed a law last year that made it difficult for restaurants and other food based businesses to dispose of food waste. Lawmakers used the law as a step towards the city's zero waste goal by 2040.
The stock market has proven a volatile beast throughout 2018. The market rose and fell throughout the year, making 300 to 400-point swings in a single day commonplace. This volatility led many investors to look elsewhere.
When you hear the acronym IPA you likely think of a nice, cold, hoppy India Pale Ale. But, as noted in a recent publication in Kiplinger, this acronym can also serve as a useful tool to guide those who are interested in investing within the commercial real estate market.
Commercial properties are available and the market is strong. A recent report by the National Association of Realtors (NAR) finds commercial investment sales were growing throughout 2018. The report also notes that those who enter this market rarely have problems filling their leases. This fact, along with the reality that the commercial real estate market is generally big enough to withstand fluctuations the residential market cannot, may combine to signal a green light for many to move into the commercial real estate market.
Environmental regulations can impact real estate transactions. As noted in a publication in the Southwestern Law Journal, these regulations can result in restrictions and liabilities that stick with the property after a transaction is complete.
The Federal Bureau of Investigation (FBI) released a publication to inform the public of a scam that specifically targets real estate transactions. As a result, the agency has encouraged vigilance before moving forward with a real estate transaction.
The commercial real estate market is booming. Entrepreneurs that are looking to join this market either individually or with a group of like-minded investors can take steps to better ensure the process goes smoothly once they find the right property for their investment purposes.
Selling commercial property is much different than putting a residential site on the market. This market is competitive and filled with discerning buyers. Potential buyers are often entrepreneurs and investors who manage several properties. A seller needs to put in work to bring the right buyers to the table.