This year is already starting off with a number of promising indicators that show 2012 should be a promising year for commercial real estate. The primary indicator for this is that REIT values are off to a great start in the month of January.
REIT stands for the real estate investment trust, and it is a tax designation for corporate entities investing in real estate. This designation exists to reduce or eliminate corporate tax by distributing 90% of their taxable income into the hands of investors. REIT is structured very similarly to mutual funds and the way they provide for investment in stocks. The Dow Jones US Real Estate ETF (NYSE:IYR) are up to a recent high point of $60.78. This is up almost $14 from as recently as October of 2011.
This year should prove to be a great one for commercial real estate. If you would like to learn more about how we can help you find the perfect commercial property, please contact us today!
Posted on 2/15/2012 2:55 PM By Kelsey Bates
When a tenant is leasing a new commercial property it is important to understand how square feet is determined when measuring the space of a property. In the case of a single building with one rentable space, the building is measured from corner to corner based upon the exterior measurements.
For multi-tenant buildings this process is a bit different. When calculating space for a multi-tenant establishment the space is measured in a similar way, however walls are considered shared between those who share the space. This means that ½ of the space of the wall is allocated to each side.
While this distinction does not make a huge difference, it is very important for those looking to purchase or lease commercial real estate to understand how space is measured. It is important to know how much space you need in your new office before signing the papers. This will help you ensure that you get the exact space that you have been searching for.
Contact us today to learn more about how you can find the perfect commercial real estate with Thornton Oliver Keller!
Posted on 2/15/2012 2:55 PM By Kelsey Bates
For those who are looking to invest in commercial real estate during this recession, there are a number of important things to keep in mind to ensure that you are getting the most out of your investment and are completely protected. Now, more than ever, it is vital that you take the proper steps to make sure that your investment is not only a sound one, but also becomes a profitable one.
- Investigate Before Purchasing: Being thorough with the real estate you are seriously considering purchasing is a great idea. You don’t want to miss out on any glaring problems and you also want to make sure it meets all of your needs.
- Don’t Skimp on the Contract: Having a thorough contract, while a more complex process than utilizing a simple contract, protects the purchaser in case something isn’t quite how you thought. It is better to be safe than sorry and the little extra work and effort goes a long way in protecting your large investment.
- Be Prepared to Close: As the time to close draws near you should be ready for everything that may come up. Make sure that you are ready to close and have everything on your end lined up.
For more information on how you can find the perfect piece of commercial real estate with Thornton Oliver Keller, please contact us today!
Posted on 2/15/2012 2:55 PM By Kelsey Bates