It often takes a professional juggler to keep all the aspects of a commercial real estate transaction together! As you look at CRE transactions, here are some areas that affect CREs:
- Availability of Data—Data, the accuracy of that data, and the availability of the most up to date data is vital to the success of the CRE transactions. There are many online sources that allow investors to search for their dream property before even meeting with their commercial realtor but beware: NOT ALL INFORMATION IS ACCURATE. The best way to find the most accurate information is by working with a professional realtor.
- Energy—Energy and oil prices affect everything! Changes in the United States energy production are impacting jobs, income growth and quality of life, which all impact CRE.
- Jobs—Strong job creation is expected to have a positive impact on office spaces and industrial properties. More jobs usually equates to larger space needs or a new space all together.
- Prospecting—the searching for the perfect property begins online. Therefore, when choosing a broker or real estate professional those with robust sites will help their clients.
For more information on CRE and various situations that impact them visit HERE.
