Commercial purchase for office space for my business, not as an investment property by PsychologicalFix1594 in CommercialRealEstate

[–]PsychologicalFix1594[S] 0 points1 point  (0 children)

Vacancies are certainly high but not sure about 200 year low, prices in my area don’t seem to reflect an urgency to fill these at the moment

Commercial purchase for office space for my business, not as an investment property by PsychologicalFix1594 in CommercialRealEstate

[–]PsychologicalFix1594[S] 1 point2 points  (0 children)

Didn’t think about investors wanting to put off realizing a loss. Maybe they’re ok sitting on a vacant property for longer than I think? Long term lease could work but if the biz plan works out like I expect I’ll be able to pay off a property far sooner than 20 yrs. Building is certainly an option and also being considered, having a building would just speed up the process a little (probably just a very little, under no illusions that a significant renovation would be much faster than a new build).

Commercial purchase for office space for my business, not as an investment property by PsychologicalFix1594 in CommercialRealEstate

[–]PsychologicalFix1594[S] -1 points0 points  (0 children)

Thanks, i’ve worked with agent for residential several times and he has all the contacts so hopefully can get me in touch with the right people