Market Insight

Lock Richards' Insight on the Commercial Real Estate Scene

Considerations When Leasing Commercial Property

Last month I outlined numerous considerations in regard to purchasing commercial property. However, if you own or operate one of the many businesses or stores that lease space, then this article is for you. Moving to a new location can be very expensive and significantly disruptive to your business. On the other hand, depending on …

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If You Are Buying Commercial Property…

Commercial properties are typically purchased for two primary purposes: investment and business use.  If you are thinking of purchasing commercial property primarily for investment, you will want to consider the following: Are you an active or a passive investor?  – If you have appropriate time, energy and skills, a fixer-upper or “add-value” property could be …

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Commercial Property Values Set To Trent Upward

Two months ago we looked at commercial leasing activity including current vacancy rates and average rental rates for three primary product types – office, retail and industrial. This month, we examine sales activity for the same property types.  I have expanded this analysis back to 2007, the last year of economic growth prior to the …

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Leasing vs. Buying Commercial Property

If your company’s current lease is within 6 months of expiration it is time to start considering alternatives and planning for your future space needs.   I recommend stepping back and taking a macro-level view of your situation.  Do your current facilities portray the image you wish to project?   If clients visit, do they leave with …

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Perfect Time to Buy, Lease Commercial Property

While the overwhelming majority of real estate reporting focuses on residential real estate and home values, this new monthly column will seek to provide valuable and timely information for business owners, landlords, property investors, tenants and anyone else interested in the commercial and investment real estate market in Western Nevada County. I specialize in commercial …

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