We are planning to move to buy a medical office space, as the current lease at the current location is expiring in April.
Is the commercial real estate value affected for the worse or not, by the economic crisis, the same way as housing market is?
We made an offer to the owner of a Professional Office Condominiums, for an office space on sale, in April 2008. It was turned down at the time. That space is still available for sale. I am thinking the value must have gone down with the economy, so we can make another, but lower bid and try again. My realtor said the commercial real estate values have not been affected by the economy. Actually, they have gone up, as the demand for such properties grew, for the very reason that their values were stable in a bad economy.
In order to negotiate the price, I need to verify how the commercial real estate values are doing currently. Does anyone have expertise in this matter?
We have a good credit standing, can I also get advice where to turn for mortgage ?
Is the commercial real estate value affected for the worse or not, by the economic crisis, the same way as housing market is?
We made an offer to the owner of a Professional Office Condominiums, for an office space on sale, in April 2008. It was turned down at the time. That space is still available for sale. I am thinking the value must have gone down with the economy, so we can make another, but lower bid and try again. My realtor said the commercial real estate values have not been affected by the economy. Actually, they have gone up, as the demand for such properties grew, for the very reason that their values were stable in a bad economy.
In order to negotiate the price, I need to verify how the commercial real estate values are doing currently. Does anyone have expertise in this matter?
We have a good credit standing, can I also get advice where to turn for mortgage ?
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