Rent is usually a substantial cost for a business. This is why it is so important that, before you sign a commercial real estate lease, you get your budget in order. Indeed, commercial real estate experts always talk about the importance of proper planning and preparation.
If you own a piece of commercial real estate in Orange County, there are three things you may want to do with it. Firstly, you may want to run your own business from the property. More commonly, you may want to lease it out, so that you can earn on your investment. Lastly, you may be in a position in which you want to sell the property.
Taking out a commercial lease is a huge moment, and one that you have to think carefully about. One of the reasons for that is because there are quite a few hidden costs that you may not have been aware of. It is also for this reason that you must have a team of professionals on your side when you are negotiating your lease. So what are some of the hidden costs, and how can you avoid them?
New research has shown that Orange County, CA, is currently the best place to buy office property. Specifically, the commercial real estate market in San Juan Capistrano is booming faster than anywhere else. This has made the city, and Orange County as a whole, very attractive for those interested in investing in commercial real estate.
The field of commercial real estate is very interesting and important for a variety of reasons. Naturally, business owners are interested in this type of real estate, whether for purchase or for lease. Furthermore, this field of real estate is also very interesting for property investors, including those who are part of a commercial real estate investment trust. However, it is also one that raises a lot of questions. Let’s take a look at some of the most important questions around.
There have been some very interesting appointments and promotions within commercial real estate firms in Orange County over the past few weeks. Firstly, the new Southern California-Hawaii division of the CBRE Group has appointed Lewis C. Horne as their president. This means he will now focus on Orange County, the Greater Los Angeles area, Hawaii, and San Diego. One of the offices he will head is that of Newport Beach.
The question for businesses on whether to buy or lease commercial real estate is one that seems a long way from being answered. It is a known fact that both buying and leasing have their own pros and cons, and that they tend to be most suited to different situations and business set ups. Where an investor, for instance, will always purchase commercial real estate, a startup business will almost always lease it. But what about for those in between? What is the better option for them?
The year 2017, just like every year before it, has the potential to be a fantastic year, regardless of what industry you are in. If you are involved with commercial real estate, be that as an owner, investor, or lessee, there are five key things that you must do to make sure that real estate continues to work in your favor. Let’s review these five items.
The commercial real estate market in Orange County, CA, continues to boom and expand, so much so in fact, that some experts are becoming concerned about whether or not this growth is sustainable. However, reports have shown that people in the field of business and commercial real estate are very optimistic, in part due to the new presidency of Donald Trump, who has promised more jobs and more business. Hence, Orange County continues to grow, and so is the economy.