Commercial Real Estate Trends You Need to Know
In 2015, the commercial real estate market showed marked improvement. Transaction volume increased by $20 billion nationally in 2015, a sign that businesses are continuing to thrive. Columbus businesses have experienced a similar surge in growth recently, ranking...
How to Utilize Your Vacant Commercial Space
If you have a vacant commercial space, don't let it sit idle. Although it might seem daunting to find a way to make use of such a vacant space, it really is possible for the property to generate revenue. Let's take a look at some ways to make use of these empty...
Commercial Real Estate Trends to Watch Out for in 2016
The new year has finally arrived and it is expected to bring a number of changes to the nationwide commercial real estate market as well as the local market in Columbus. Retail spaces across the country are adapting as new trends emerge. Locally, Columbus is...
Why Should You Consider a 1031 Exchange?
Used by well-informed investors to increase their wealth, a 1031 exchange can be a windfall to you if you are selling your current business or productive trade. More commonly called like-kind or Starker exchanges, a 1031 exchange is the swap of one investment asset or business for another, whether of equal value or not.
How to Prepare a Commercial Property Lease Agreement
Having a commercial property lease agreement is very important to protect the interests of both parties to that lease. A solid and well-prepared lease can provide legal protection along with peace of mind, as well as spell out how to handle any disputes that may come up during the lease period.
Columbus Market Trends and New Business Growth
Across the country, the outlook for commercial real estate continues to improve. With falling gas prices and lower unemployment driving stronger consumer spending, the vacancy rate of commercial office spaces is expected to decline 0.1 percent over the next year. Due to several new developments, the Columbus area market is poised to post better than average numbers across the board.
Real Estate Investment Opportunities
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Below is a sample of some of the current investment properties Alterra Real Estate represents for sale (click on picture to enlarge.)
How to select a commercial real estate broker
The best way to select a commercial real estate broker is to first determine what service you need.
-Do you have a company occupying office space and you need to have a broker help you find a new office? If so, you will want a broker who specializes in representing office tenants and who has done deals in the area that you are looking in or, if out of town, they can team up with another broker in that other market to help you. Do not select a broker who only deals with warehouses if you are looking for office and you should have a commercial agent, not a residential realtor, assist you with an office space search.