If you currently own or are considering the purchase of commercial real estate, you are probably well aware there are a number of tasks that must be handled on a regular basis. Space has to be leased, rent collected, the property maintained, and repairs performed as required. Many individual owners—especially those who own from one to a handful of properties—seem to prefer to manage these tasks themselves. But this often stems from a mistaken notion. “It’s difficult for some commercial real estate owners to understand the value of professional property management,” said Buddy R. Parsons, … [Read more...]
Archives for 2007
Commercial Real Estate Rents Rise Throughout Silicon Valley
Higher sales prices, shrinkin inventories, and growing construction costs are creating urgency for business looking for commecial space 5-4-3-2-1 Liftoff! That thundering you hear is the sound of lease rates on Silicon Valley commercial real estate leaving the launching pad and climbing back toward sustainable levels. No one expects rents to go through the stratosphere, but after being exceptionally low for the past five years or so, lease rates on commercial real estate are due for a significant rise. Business owners and property investors who are sitting on the sidelines trying to time … [Read more...]
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