Last week I shared the answer to “How’s the market?”. that I get asked often. Usually it is followed with “that makes sense but how did you figure that out?”. Here is what we do to keep track of what’s going on in the market:
First and foremost, we talk to commercial real estate owners like you to understand what their plans are for the year. Are they selling, buying, holding, what’s the motivation, are they up for refinance, etc.
We also love to talk with the professionals we work with often such as commercial lenders, commercial insurance agents, title closers and vendors like plumbers, roofers, electricians. We hear from them what they see and what their clients are doing. I especially love talking with lenders to learn about current rates, what loans are happening, what asset classes they like to lend on these days (currently: Retail/Industrial) and what they won’t touch (currently: Office/Hotels) We also talk often with our peers, commercial brokers and property managers and share insights. This coming week we will spend a few days in Vegas at the national ICSC conference where retailers, developers and brokers come from all over the nation (over 25,000 attendees!). We expect to have a lot of good conversations while out there! As in every week, we reviewed all the commercial listings that came on the market and picked the top ones we feel are the best value. Given the recent increase in activity in the CRE world, we have even more interesting opportunities than we can fit in an email. if you have specific requirements, please reply to this email and let me know or you can click here and complete our buyer profile form. |
