Point Acquisitions Blog
The commercial real estate market is ever-changing, and office vacancy rates are no exception. In just a few short years, the pandemic has caused a major shift in the way people work—and that shift is likely to continue in the years to come. So, what does the future of commercial real estate mean for office vacancies and real estate trends? Here’s a look at what experts are predicting for the future of office space. What is the standard office vacancy rate? In the United States, office space vacancy rates increased to an average of 12.3% in 2020. Primarily due to…
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If you’re planning on developing in the next few years, it’s important to be aware of the following construction costs trend. According to industry experts, the national average cost of construction projects is set to rise throughout 2022. There are several reasons for this increase and numerous challenges, which we’ll explore in this blog post. Why are construction costs increasing? The construction industry has seen a major rise in prices over the last year. There are multiple reasons for this, including: Covid-19 Affects Construction Costs The pandemic adversely impacted the construction industry and as a result, the industry as a…
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CRE professionals have long recognized deferred maintenance as one of the leading causes of value erosion in commercial real estate. It’s also one of the most costly dangers a commercial real estate investor or owner can face. In this article, we explore the dangers of deferred maintenance and offer tips on how to avoid them. As the old adage goes: fail to prepare, prepare to fail. Keeping an eye on the present can save you in the future of commercial real estate. What is considered deferred maintenance? Deferred maintenance means putting off repairs or upkeep on a property to save…
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If you’re a property owner, one of the questions you may ask yourself is whether to invest in maintenance repairs or capital improvements. Both have benefits, but deciding the right choice for your property can be tough. In this article, we’ll look at the advantages and disadvantages of each choice, maintenance and capital improvement examples and some handy tips so you can determine which is best for your needs. Maintenance vs Capital Improvements: Know the Difference As a property owner, it’s important to know the difference between maintenance and capital improvements. Maintenance is the regular, ongoing care of your property,…
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Commercial lease agreements can be complex, so it is important to include a lease letter of intent when negotiating one. The letter of intent summarizes and sets forth the terms and conditions under which one would like to lease commercial property. This is reviewed before the execution of a formal agreement. A letter of intent to lease is an essential document in the commercial leasing process, as it outlines the key terms and conditions of a potential lease agreement between a landlord and tenant. This principle function of the letter of intent (“LOI”) is to show how serious the tenant…
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Do you want to sell an apartment complex? When it’s time for a property owner to prepare their apartment sale, there are several things to think about and “check off” for the property to sell at the highest price possible while making the transaction process as simple as possible. Before marketing your apartment building, think carefully about your requirements and goals. The correct technique will make the difference in getting the greatest return on your investment. Depending on your financial plan, you may sell your apartment complex in various ways. This blog post will go through the main factors influencing…
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If you’re a business owner who’s looking for a new property to lease, you may have come across the term “triple net lease” or “NNN lease.” You may have questions such as: In this blog post, we’ll explain everything you need to know about a NNN lease so you can make an informed decision. Keep reading to learn more! What is a triple net lease? What does triple net mean on a lease? A triple-net lease (triple net lease or NNN lease) is a contract on a real estate property. The renters or lessees promise to pay the costs associated…
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If you’re considering buying or selling commercial real estate, it’s crucial to have a commercial real estate or commercial asset appraisal. A commercial appraisal will give you a good idea of what your property is worth, and this information can help you negotiate with potential buyers of your commercial building, but how to appraise commercial real estate? This blog post will discuss what goes into a commercial real estate appraisal, how much does a real estate appraisal cost, how to appraise a commercial property and what you can expect from the process. We’ll also provide some tips on choosing an…
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How to Market Your Apartment Building When you’re ready to sell apartment building, creating a marketing plan is important to help you find the right buyer. The first step is to understand your target market. Once you know your target market, you can start marketing your property to them. Here are a few ideas. Get Professional Photographs You may hire a professional photographer to take marketing images of your building using the aid of your real estate agent. High-resolution pictures are essential because enhancing the appeal of your property might make all the difference between a quick sale and one…
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Foreclosure may be a frightening term, especially when it comes to your house. But what if it happens to your commercial property? Commercial real estate foreclosure can have disastrous consequences for business owners. When a borrower fails to make mortgage payments or breaks another commercial loan condition, such as failing to maintain a debt ratio demanded by the lender, a business may face foreclosure. Foreclosure is the legal process by which a lender takes back property pledged as collateral for a loan. Each state has its commercial foreclosure laws. The essential information about business real estate foreclosures is included below.…
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