Commercial Real Estate Q3 in Doldrum. Will Rent Be Less?
Commercial real estate enters into Q3 with a bit of doldrum. The “big” hype currently is cannabis. The new tax hope for the never enough crowd in Sacramento has, perhaps, created opportunities for some dead in the water properties.
Industrial remains in limited availability. Some of the on the market for sale might be offered at “lets test the market” pricing.
Retail still has many potential merchants debating “brick and mortar vs on line”. Everyone has an opinion. Those considering a store should have a sound business plan in hand and be aware that rent might be higher than you think, especially when you consider that its due on the first of every month for the term of a lease. Sometimes this gets glossed over. How much do you have to bring in every day?
Office continues to be like the Energizer Bunny, it just keeps going.
One thing to consider if/when you are looking for commercial properties. Whether you are buying or leasing, broaden your geographic, you might not be able to find what you want where you want it.
Coldwell Banker Commercial NRT
Winston R. Covington
Coldwell Banker Real Estate
Realtor – U.S. Army Veteran
Proudly Serving All of Orange County
And the Surrounding Communities Since 1978
DRE # 00645114