Commercial real estate has a long-standing reputation as a sound financial investment, for a multitude of reasons. Most buyers recognize that a CRE purchase offers the potential for new income through renters and, generally, increases in value over the duration of ownership. However many don’t realize that a business property also provides a wealth […]
Economic news
How Interest Rates And The Economy Impact Commercial Real Estate
Every year, the Counselors of Real Estate (CRE) releases a report on the top factors influencing real estate today – and how those specific issues will affect marketplace decisions over the next decade. The group recently released their 2018-2019 top 10 issues and, in a break with tradition, has separated the list into two segments […]
Leasing vs. Buying Office Space: What’s Right For Your Business?
At some point, most business owners face one critical commercial real estate decision: to buy or not to buy? Whether you’re a new company looking for your first site or a growing organization in need of larger headquarters, choosing between leasing office space and purchasing the property outright can pose a challenging question without […]
Key Ways Steel and Aluminum Tariffs May Impact Commercial Real Estate
In March 2018, President Trump moved to mandate new tariffs on steel and aluminum. According to the administration, Trump’s decision to implement 10% aluminum and 25% steel tariffs was part of an effort to decrease the U.S. trade deficit as well as protect domestic steel production jobs, which, at the surface, seem like laudable […]
What Hurricane Season Means For Commercial Real Estate
On August 25, 2017, Hurricane Harvey’s 130-mile per hour winds and torrential downpours wreaked havoc throughout the Houston region, the effects of which are still evident today. In just four days, this Category 4 storm released a deluge of approximately 19 trillion gallons of water into Southeast Texas, damaging virtually everything in its path. […]
Investment Sales: It’s A Strong Seller’s Market
By Michael Randman In a recent Southpace Properties sales meeting, one of our brokers presented a NNN, free-standing, national credit tenant restaurant available for purchase. The broker was asking an 8 CAP for the deal. Within a few hours, he had five real offers for this well-located property that had a long lease term remaining. […]
Birmingham Named One of Top 15 Emerging Downtowns
In a recent Forbes article, Birmingham is named as one of the nation’s top emerging downtowns, listing our city in the same company of Denver, El Paso, Louisville, Los Angeles, New York and others.
