Commercial Listings
Wednesday, November 18th, 2009 Subscribe To Our Feed
Commercial listings activity slowed to a fifteen-year low this quarter, according to the National Association of Realtors. The favorableness of commercial real estate investing has plummeted due to the inaccessibility of credit and decline in demand for office and retail space. Plazas are beginning to look like ghost towns in many cities and developers are thinking outside the box to re-imagine entire sections of town with mixed-use space involved to cover all bases and mitigate losses. Despite the tough times, you may be able to see the silver lining around the corner. Indeed, for the steadfast, there are ample opportunities to buy an investment property that will eventually churn a profit.
Many first-time investors like to go through a licensed real estate investment property broker when dealing with expensive commercial listings. The three biggest real estate franchisers are Century 21, Coldwell Banker and RE/MAX. Century 21 offers overseas property listings in 60 countries and consists of over 8,800 offices and 145,000 real estate professionals. Coldwell Banker consists of more than 260 companies and 3,000 real estate agents, with “the largest geographic footprint,” they say. RE/MAX offers millions of properties spanning 70 different countries on six continents. Whether you’re looking for overseas or USA property, you will find a base of knowledgeable professionals to help you make the best decision.
The Commercial Brokers Association (CBA) is another good place to start looking up commercial listings. This association has provided a valuable multiple listing service since 1977 and has grown to 900 offices, 4,000 commercial realtors and more than 15,000 listings of commercial buildings. They offer administrative services, electronic forms management and a course in real estate buying, selling and investing in real estate. They specialize in properties in Washington, Idaho and Oregon, particularly, which might not make this a site that holds value for everyone. However, most investors can appreciate their educational resources.
Understand that the road for profiting from a commercial listings investment may be long and arduous. According to National Association of Realtors chief economist Lawrence Yun, a commercial real estate rebound may soon follow but “the office sector requires job growth to fuel demand for additional space, the industrial sector needs a rise in production and the retail sector is tied to consumer demand.” The Society of Industrial and Office Realtors (SIOR) Commercial Real Estate Index survey of 650 landlords found that the commercial real estate investing profits have declined for 10 quarters straight and there have been deep tenant concessions to keep occupancy. Despite the gloomy news, some investors may still take the risk hoping that sunny days are around the corner.
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