This week Rich had Nelson Taylor and Joe Luca on to talk about the state of Commercial Real Estate. Commercial real estate trends are lagging indicators because shopping centers, offices and schools can take years to build and usually come after an area has the people to support it. While we never had the overdevelopment that other parts of the country experienced during the boom, the recession has created a number of commercial vacancies throughout the state. Lower prices and attractive interest rates are creating great deals in the Commercial sector.
Commercial Real Estate has always been an old boy’s club, and few encourage buyer representation. We formed RPL Commercial to address the needs of our investor clients, and bring them the same level of buyer representation and service that they had grown accustomed to at RPL. Nelson and his team started the RPL Commercial brand and his client base tends to be investors, developers and small businesses working in creative arts, architects, graphic designers, theatres, and non-profits. Joe has been doing Commercial real estate for 20 years now and comes with a wealth of experience in buyer and tenant representation, and specializes in all aspects of Commercial Real Estate. They both exemplify the type of trusted business advisor and expert Real Estate partner that today’s investors and business people need in their corner.
This week’s Real Estate Insight:
If you are thinking about starting or expanding your business, or have been thinking about getting into investing, now is a great time to negotiate a great lease or purchase a building.