The property market has experienced some major ups and downs over the past decade. For a while people thought that price would just keep going up and they would be able to cash in on their equity. However, the big market crash in the summer of 2007 has changed everything. Prices have dropped dramatically and buyers are now few and far between.
The south west states have been particularly hard hit by the recession. Nevada was one of the states that had experience significant growth and was really riding the economic boom to a huge extent. The dramatic drop in prices has really been felt by many people, yet at the same time it also offers opportunities to many. The Henderson commercial real estate prices have come down to more realistic and affordable levels, allowing many new investors to enter the market.
There are many great properties on the market right now that can offer nice returns on any investment. The key issues to consider are the location, size and condition of building, parking, rental potential and price. One of the first steps is to meet with an experienced commercial Realtor who can give the best help and advice to their clients.
Listing are either offered for sale or for lease. Some people feel that a lease is the best way to start out as it allows them to test the waters without making a huge or long term commitment. They should still be very careful to make sure they understand all aspects of the lease and have it drawn up by an experienced attorney.
Parking is one of the most crucial factors in the success of any commercial building. Every office space needs good parking. If the building is intended for high turnover offices such as doctors or retail then there must be enough parking spaces for each unit. Many people get upset if they cannot get a good space and have to walk more than a minuet or two in order to access the building.
Commercial properties can range from small office buildings to huge corporate parks and everything in between. The age of the building is also very important. An older complex that is in need of repairs and upgrades is not worth as much as new construction. The design and layout of the offices is also very important. Buyers should always look at each unit in a very objective way to ensure that they are fully aware of both its positive and negative sides.
Professional complexes are often listed for sale. Buyers need to understand what is a good buy and what is not. If the building has slowly been loosing its occupants over the past few years it is good to find out why. It may still be a good buy, but not if there are fundamental issues such as structural problems with the building or poor location.
The age and condition of the building must also be considered. An older building with an ugly exterior can be a real turn off for many people. However, a neighboring building of the same size with an aesthetically pleasing look that is well maintained will always command a higher price.
The south west states have been particularly hard hit by the recession. Nevada was one of the states that had experience significant growth and was really riding the economic boom to a huge extent. The dramatic drop in prices has really been felt by many people, yet at the same time it also offers opportunities to many. The Henderson commercial real estate prices have come down to more realistic and affordable levels, allowing many new investors to enter the market.
There are many great properties on the market right now that can offer nice returns on any investment. The key issues to consider are the location, size and condition of building, parking, rental potential and price. One of the first steps is to meet with an experienced commercial Realtor who can give the best help and advice to their clients.
Listing are either offered for sale or for lease. Some people feel that a lease is the best way to start out as it allows them to test the waters without making a huge or long term commitment. They should still be very careful to make sure they understand all aspects of the lease and have it drawn up by an experienced attorney.
Parking is one of the most crucial factors in the success of any commercial building. Every office space needs good parking. If the building is intended for high turnover offices such as doctors or retail then there must be enough parking spaces for each unit. Many people get upset if they cannot get a good space and have to walk more than a minuet or two in order to access the building.
Commercial properties can range from small office buildings to huge corporate parks and everything in between. The age of the building is also very important. An older complex that is in need of repairs and upgrades is not worth as much as new construction. The design and layout of the offices is also very important. Buyers should always look at each unit in a very objective way to ensure that they are fully aware of both its positive and negative sides.
Professional complexes are often listed for sale. Buyers need to understand what is a good buy and what is not. If the building has slowly been loosing its occupants over the past few years it is good to find out why. It may still be a good buy, but not if there are fundamental issues such as structural problems with the building or poor location.
The age and condition of the building must also be considered. An older building with an ugly exterior can be a real turn off for many people. However, a neighboring building of the same size with an aesthetically pleasing look that is well maintained will always command a higher price.
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