Will 2012 Be The Turnaround We Have Been Waiting For?

The commercial real estate market for Southern Florida is definitely on the up and rising list.  If you compare southern Florida to some of the nearby real estate markets you will noticed the discrepancies are in Florida’s favor.  Even though southern Florida is still feeling the same recession the rest of the country is facing, they seem to be turning their luck around. 

In reference to a survey that was taken recently, there are two cities that are really starting to rise; Fort Lauderdale and Miami.  Even though there is still plenty of unattended real estate in these locations, they are still looking to take part in expansion. This is a bold move to take in a suffering economy. 

Evidently it is the office real estate that is just now hitting the recovery phase.  In the past, most investors and advisors were interested in making an investment in condos, apartments, and houses, however these days the money may be into office buildings and warehouses.  People are looking into warehouses that are directly near the shore.  The main reason for this is to be able to capitalize on being near ports for importing and exporting goods into the state.  

Even though investors seemingly are interested in the rising potential of office buildings condo financing seems to be rising.  According to a report done on the first quarter of 2012, the Miami Herald stated that “closings on construction financing, including a major development on Brickell Key ($140 million line of credit), has been increasing.”  The potential funding of new development hasn’t been talked about since the recession hit. 

The aspiring market rise is not going to come overnight.  It’s important to note southern Florida got into this real estate downfall due to an overpopulation of condos and residential homes.  The foreclosures allowed for investors to rush in, and deplete the market value of southern Florida homes.  Perhaps the key for this to succeed is to focus less on residential, and more on commercial. 

Why Should I Hire a Real Estate Broker?

While it’s technically possible to represent yourself in any real estate deal you wish to undertake, most individuals who choose to self-represent end up regretting their decision. Real estate is a complicated industry filled with many tricky legal and economic considerations which your average individual will be unable to navigate smoothly and effectively. Even established, respected and highly-intelligent business owners find themselves faltering when attempting to develop and close a real estate deal due to their lack of experience and ground level know-how in the industry.

Hiring a broker to handle all of your real estate deals is a very wise move. A real estate broker will provide you with the expertise and specialized knowledge you need to make sure you end up in a mutually beneficial business deal. Not only will your broker have a highly developed base of knowledge regarding of the ins-and-outs of the real estate market in general, but they will also have a finely tuned understanding of your local real estate market. No two markets are the same, and only brokers who have done business countless times in your region will be able to remain sensitive to what it takes to get a deal done with your neighbors.

A real estate broker will also provide you with instant access to all the important relationships you’ll need to complete your deal in as smooth and as favorable a manner as possible. At the end of the day real estate is a people-driven business, and even the smallest of deals will find itself stalling out if it doesn’t tap the right network.

These are only a few of the many benefits you will enjoy by hiring a proven real estate broker for your next deal.

What Should I Look For in a Real Estate Broker?

Deciding to work with a real estate broker to develop and close your dream project is a wise move. The right real estate broker will open doors you never knew existed while making the whole process as smooth and mutually profitable as possible. That being said, you will only enjoy the many benefits of working with a real estate broker if you hire the right real estate broker.

The first quality you should look for in a real estate broker is trustworthiness. There are many other qualities which will help a broker develop and close a deal, but trustworthiness is the personal quality which separates effective real estate brokers from truly great brokers. A trustworthy broker will make their entire process as transparent as possible, they will pursue official channels and they will treat you (and everyone else involved in your deal) with respect. If your broker isn’t trustworthy then you can find your deal disappear in a heartbeat when their methods come to light.

It’s also important you find a real estate broker who is not only highly experienced at closing high profile deals, but a broker who is highly experienced within the regionyou’re looking to develop. There are countless little essential lessons a broker will only learn by developing and closing deals, and many of these lessons revolve around the local qualities particular to the neighborhood you’re looking to develop within.

Finally you want to find a real estate broker with a long list of clients who refuse to work with anyone else. The ultimately mark of quality, both in terms of deal-making and personal character, lies in a broker’s relationships with their clients. Find a broker with a stunning list of testimonials and referrals and you can sleep easy hiring them.

How Gary Broidis began his Business? (Atlantic Commercial Group, Inc.)

Gary Broidis Explains The Atlantic Commercial Group

Turn Key Infrastructure vs. Individual Development

When selecting a property to house your organization you have many decisions to make. Some of these decisions are relatively small and, while they may contribute to your appreciation of the space, are largely of the take-it-or-leave-it variety. Other decisions are considerably more important and significant and require a fair amount of deliberation.

One of the most important and significant decisions you will ever make revolves around whether you choose to move into a turnkey property, or whether you will develop your corporate home from the ground up.

Turnkey properties provide you with everything you need, ready and waiting for you, from the day you move into them. For example a turn key restaurant opportunity would be a property with a full working kitchen, fully stocked with all the equipment you need for your endeavor, and a full seating and hosting area, all of which meet the aesthetics and functionality you’re looking for. A turnkey business-oriented property will have all the offices, cubicles and other fixtures and amenities your staff will require. Once more all you need to do is move your people in and they will be able to get to work, hassle free, from day one.

A turnkey property offers one primary benefit- convenience. Turnkey properties reduce the number of decisions you have to make and cut down the amount of time it takes between closing the deal and situating your organization in its new home.

Now, the appeal of turnkey properties lies in your ability to find one that meets your needs to a very close degree. If you have special needs, or if you are simply unable to find an appropriate turnkey property  for your organization, then the longer, less convenient, but infinitely more flexible process of real estate development will suite you better.  

Please visit http://www.atlanticcg.com/ for more details.

A Few Tips For Finding the Right Commercial Tenants

If you’re looking to develop wealth as a commercial property owner than there’s an important point you need to keep in mind- buying or developing the “perfect” commercial space is only half the battle. Sure, it’s necessary to do the research and perform due diligence to make sure the commercial property you purchase is in a choice location and will meet the needs of a broad spectrum of utilizations. But at the end of the day even the “perfect” commercial space will underperform without the right tenants.

 

If you’re looking to maximize the commercial space you purchase or develop you need to keep the following tips in mind, tips that will help you find the right tenants to make your investment pay dividends:

1.       Don’t settle for just anyone. It’s natural to want full occupancy of your commercial space. It’s difficult to turn away a check when you have one or more vacant spots within your investment. But the short-term financial gain of taking on “anyone” will quickly make way for the long-term financial losses and personal headaches associated with problem tenants. Always take the long view when selecting who will inhabit your space.

2.       Perform any necessary improvements of upgrades. The best tenants tend to prefer the best commercial facilities. If you want to attract and keep the sorts of reliable, low-maintenance tenants who make your investment worthwhile then you need to perform all the repairs, infrastructure improvements and favorable upgrades you can think of before advertising your space.

3.       Work with a proven representative or company. There’s no easier and more effective way to fill your property with the best possible commercial tenants than to let an experienced, qualified professional individual or organization take care of the hassle for you!

Please visit http://www.atlanticcg.com for more details.