Are you looking to lease a commercial space for your business? There are several factors to condisider when trying to find the right place... that is, afterall, why they say: Location. Location. Location!
The first thing to do is to find the right part of town to locate your business. Is Uptown Charlotte your best bet, or is suburb Fort Mill, SC more your speed? Do you need a stand-alone office, or a high-traffic retail spot. Identifying who your clientele is, and where they are will help you choose the right types of locations.
Once you have narrowed it down to a genre of locales, you can start looking at specifics and what is available. Check out thet Kuester site for available properties in your area. Here are some other factors to consider:
1) Are there other businesses in the immediate area that would compete with you?
2) Are there businesses in the immediate area that complement your business? (i.e. a restaurant and an ice cream shop).
3) Is there enough parking for your customers/clients?
4) Does the area have foot traffic?
5) Is the location near a major roadway?
6) What is the rent price?
7) Is there area growing or established?
8) What kind of upfits will you need to have done?
9) When will the space be available
10) What are the contract terms?
If you are interested in learning more about the available properties that Kuester has to offer, just check out our website at www.kuester.com.
Showing posts with label commercial real estate. Show all posts
Showing posts with label commercial real estate. Show all posts
Sunday, July 25, 2010
Tuesday, April 27, 2010
Benefits for Buying Commercial Real Estate
Buying commercial real estate can an exciting and profitable business. By investing in commercial properties in the Carolinas you give yourself a long-term revenue stream. Here are just a few benefits of commercial real estate!
1.) Multiple revenue streams: The great thing about commercial real estate is that you can have multiple revenue streams. The property itself can gain value and be resold, you can rent or lease to get a monthly income, and you can use the space yourself as an office out of which you can run your business.
2.) Diversification: It is important to keep your investment portfolio diversified. Investing in Commercial real estate is a great way to add additional properties to your investment portfolio, and having commercial investments adds some variety and options for your portfolio. Commercial real estate properties can be range from apartment properties to office buildings.
3.) Properties are currently available at a great price: There is plenty of commercial real estate available in almost every part of the Carolinas, and the poor market conditions have left some great deals in its wake. Take your time when choosing the right property and you can certainly find prices poised to rise.
There are many benefits to getting into commercial real estate, but like with any type of investing, it is very important to gain as much knowledge as you can before making those tough decisions about what to invest in.
1.) Multiple revenue streams: The great thing about commercial real estate is that you can have multiple revenue streams. The property itself can gain value and be resold, you can rent or lease to get a monthly income, and you can use the space yourself as an office out of which you can run your business.
2.) Diversification: It is important to keep your investment portfolio diversified. Investing in Commercial real estate is a great way to add additional properties to your investment portfolio, and having commercial investments adds some variety and options for your portfolio. Commercial real estate properties can be range from apartment properties to office buildings.
3.) Properties are currently available at a great price: There is plenty of commercial real estate available in almost every part of the Carolinas, and the poor market conditions have left some great deals in its wake. Take your time when choosing the right property and you can certainly find prices poised to rise.
There are many benefits to getting into commercial real estate, but like with any type of investing, it is very important to gain as much knowledge as you can before making those tough decisions about what to invest in.
Thursday, March 25, 2010
Commercial Property will hit bottom in 2010--and be a new investors dream!
If you are the owner of a commercial properties, hold on for a rough year. 2010 will likely be the rock-bottom for the commercial real-estate market.
The silver-lining is that new investors will benefit if they are able to step in and buy up the properties. Sellers of these commercial properties have been hesitant to lower prices, however they will need to to get the property sold and avoid foreclosure. Both scenarios work in favor of the buyer, who, if they are able to secure a bank loan, or have the cash on-hand will find remarkable deals towards the year's end and into 2011.
The silver-lining is that new investors will benefit if they are able to step in and buy up the properties. Sellers of these commercial properties have been hesitant to lower prices, however they will need to to get the property sold and avoid foreclosure. Both scenarios work in favor of the buyer, who, if they are able to secure a bank loan, or have the cash on-hand will find remarkable deals towards the year's end and into 2011.
Friday, January 15, 2010
Investment Property: The Skinny
Can almost anyone can make serious profits in the real estate business? Sorry to shatter your dreams, but not necessarily. Financial success in investment real estate requires skill and knowledge. A limited understanding isn’t going to bring in the types of returns on property that you might see in other types of investments. The part that tricks many investors up is when it comes to evaluating the potentials of properties. Novices often make the mistake of focusing primarily on the return, the income…While the smart investor also considers many additional factors.
If an investment property was just an ATM machine, we wouldn’t be having this conversation. But your investment properties will have people living in them, and that means something called: wear and tear. Your tenants, while contributing to your income, will also expect returns for their rent. Maintenance costs have to be factored into the equation. If the roof leaks, you HAVE to fix it.
Critical to your goals is to determine whether or not the property under consideration fits into your overall investment plan. Having a solid plan is essential to the type of organization that separates losses from big profits. Hopefully your investment strategy is more sophisticated than just amassing properties, if not, you may to address this issue with an investment consultant before buying. Don’t be afraid to seek professional help…
The biggest factor in property investment to always consider is location, location, location…Sure, that is three factors – but you know what we are saying…You want to make sure your property is someplace that people are going to want to live, to work, or to shop. We give the developers in Dubai a big hand – but not all of us have 20 billion to dump into a dessert. Smart investors need to find key locations. Also consider the local tenant quality, who will be renting or visiting your properties. Near a university means college kids, while near Park Avenue means a more upwardly mobile crowd. Both come with their own challenges, needs, and demands.
If this sounds daunting, don’t fret. We can work with you to turn your small nest egg into a nice chunk of change. Property investment is a team sport, and if you put together a good team, you will be able to set the groundwork for a successful investment in property.
Property Manager
Kuester Property Management
If an investment property was just an ATM machine, we wouldn’t be having this conversation. But your investment properties will have people living in them, and that means something called: wear and tear. Your tenants, while contributing to your income, will also expect returns for their rent. Maintenance costs have to be factored into the equation. If the roof leaks, you HAVE to fix it.
Critical to your goals is to determine whether or not the property under consideration fits into your overall investment plan. Having a solid plan is essential to the type of organization that separates losses from big profits. Hopefully your investment strategy is more sophisticated than just amassing properties, if not, you may to address this issue with an investment consultant before buying. Don’t be afraid to seek professional help…
The biggest factor in property investment to always consider is location, location, location…Sure, that is three factors – but you know what we are saying…You want to make sure your property is someplace that people are going to want to live, to work, or to shop. We give the developers in Dubai a big hand – but not all of us have 20 billion to dump into a dessert. Smart investors need to find key locations. Also consider the local tenant quality, who will be renting or visiting your properties. Near a university means college kids, while near Park Avenue means a more upwardly mobile crowd. Both come with their own challenges, needs, and demands.
If this sounds daunting, don’t fret. We can work with you to turn your small nest egg into a nice chunk of change. Property investment is a team sport, and if you put together a good team, you will be able to set the groundwork for a successful investment in property.
Property Manager
Kuester Property Management
Sunday, January 10, 2010
Commercial Property For The Personal Investor
In these tough economic times, you have to make savvy business decisions when it comes to your personal wealth. Especially when it comes to any investment opportunities. I tend to remember what my Grandfather said about investing: “Buy land! They don’t make it anymore…”
For many investors, the land best invested in is commercial real estate. In the right climate, commercial real estate can produce instant and healthy returns. Whether you are a large investor or a small investor, there are plenty of deals that can packaged to suit your economic needs. Certainly, larger investors have a greater range of options available. But small investors can find suitable opportunities to help them avoid the ever-risky and stressful stock market.
While some areas of the country have seen some major devaluation in real estate, there are still areas of this state – and the rest of the country – that are pretty much puncture proof. Work with the proper expert to find the right property, at the right location, to suit your short-term or long-term investment needs. Do your research and ask for advice, study the trends and proceed with caution. With a little help and a lot of smarts, you will be able to reap big rewards from the right commercial real estate investment.
Property Manager
Kuester Property Management
www.kuester.com
For many investors, the land best invested in is commercial real estate. In the right climate, commercial real estate can produce instant and healthy returns. Whether you are a large investor or a small investor, there are plenty of deals that can packaged to suit your economic needs. Certainly, larger investors have a greater range of options available. But small investors can find suitable opportunities to help them avoid the ever-risky and stressful stock market.
While some areas of the country have seen some major devaluation in real estate, there are still areas of this state – and the rest of the country – that are pretty much puncture proof. Work with the proper expert to find the right property, at the right location, to suit your short-term or long-term investment needs. Do your research and ask for advice, study the trends and proceed with caution. With a little help and a lot of smarts, you will be able to reap big rewards from the right commercial real estate investment.
Property Manager
Kuester Property Management
www.kuester.com
Monday, November 30, 2009
Multi-Unit Investment Property Buildings, Charlotte
Dear Property Manager:
My wife and I bought a multi-unit commercial investment property in Charlotte several years ago. I have been doing the property management of these properties myself (I am semi-retired), but my wife and I would like to move out of Charlotte and retire to Florida in the next year. The property gives us a good amount of income, so we would like to keep it, but hire a property management company to manage it for us.
Can this be done cost-effectively, so that we still derive a decent income, but we can also move to Florida?
Bill & Margaret – Charlotte
Dear Bill and Margaret,
A professional property management company would definitely be a good choice for you, since the purpose of the company is to save money and handle the day-to-day operations. Depending on what you have been doing, a property management company may be able to help increase the tenant occupancy and help the property generate more income—off setting the expense.
Additionally, a property management company will be able to look at other potential investments that may be a good fit for you in the same area.
You are smart to look at hiring a property manager for your investment property—and with the right choice, you will be able to enjoy your retirement in Florida, while generating a nice monthly income to support yourself and your wife.
Thanks for writing into us! If you would like to interview Kuester Property Management in Charlotte, please give us a call at 704.973.9019.
Property Manager
My wife and I bought a multi-unit commercial investment property in Charlotte several years ago. I have been doing the property management of these properties myself (I am semi-retired), but my wife and I would like to move out of Charlotte and retire to Florida in the next year. The property gives us a good amount of income, so we would like to keep it, but hire a property management company to manage it for us.
Can this be done cost-effectively, so that we still derive a decent income, but we can also move to Florida?
Bill & Margaret – Charlotte
Dear Bill and Margaret,
A professional property management company would definitely be a good choice for you, since the purpose of the company is to save money and handle the day-to-day operations. Depending on what you have been doing, a property management company may be able to help increase the tenant occupancy and help the property generate more income—off setting the expense.
Additionally, a property management company will be able to look at other potential investments that may be a good fit for you in the same area.
You are smart to look at hiring a property manager for your investment property—and with the right choice, you will be able to enjoy your retirement in Florida, while generating a nice monthly income to support yourself and your wife.
Thanks for writing into us! If you would like to interview Kuester Property Management in Charlotte, please give us a call at 704.973.9019.
Property Manager
Friday, May 15, 2009
Options in Commercial Real Estate Leases
Dear Property Manager:
My one-year lease is almost up on my new business. I was given a discount on the price by the landlord since I was a new business, which has helped a lot, but it was only a 1-year term. Things are going well, and we have steady growth. I am trying to figure out what the best option is for me—whether to stay, or go, what the rent price will be etc. Can you tell me what my options will be if I want to stay at this location? The lease is up in August, and I know I need to handle this soon, but I am going into my busy season and have so much on my plate right now… help!
Dakota J.
Concord, NC
Dear Dakota,
Congratulations on your business success – and good luck on your exciting future!
When your commercial real estate lease is coming up, you are several options. The first option would be to renew, however, since landlords will want to raise the rent at the end of the initial agreed period, and you were given a “starter-business rate,” you will need to handle this immediately. If you can get an option to renew at a great fixed price, you may want to try to extend your lease term to 3-5 years to avoid the possibility of rent going up again this time next year.
You could also choose a short lease, (if your commercial landlord will grant you one) with one or more options to renew to give you some flexibility. In this case you will probably have a certain block of time before the initial lease term ends in which you can notify the landlord that you wish to renew. Be aware there may be an additional fee.
Another option you may wish to consider is the option for additional space, so that you can grow and expand your business. If the landlord believes in your business and your ability as a tenant to attract other businesses of interest they may offer you this additional space at a deep discount. Good luck again, and make sure you take the time to handle the details of your commercial lease as soon as possible. Where your business is located, and the ROI of that is paramount to the success of your growing business. If you would like to look at other property options in the Concord area, or discuss your options, feel free to call our Concord office at 704.973.9017.
Property Manager
Kuester Property Management
Concord, NC
My one-year lease is almost up on my new business. I was given a discount on the price by the landlord since I was a new business, which has helped a lot, but it was only a 1-year term. Things are going well, and we have steady growth. I am trying to figure out what the best option is for me—whether to stay, or go, what the rent price will be etc. Can you tell me what my options will be if I want to stay at this location? The lease is up in August, and I know I need to handle this soon, but I am going into my busy season and have so much on my plate right now… help!
Dakota J.
Concord, NC
Dear Dakota,
Congratulations on your business success – and good luck on your exciting future!
When your commercial real estate lease is coming up, you are several options. The first option would be to renew, however, since landlords will want to raise the rent at the end of the initial agreed period, and you were given a “starter-business rate,” you will need to handle this immediately. If you can get an option to renew at a great fixed price, you may want to try to extend your lease term to 3-5 years to avoid the possibility of rent going up again this time next year.
You could also choose a short lease, (if your commercial landlord will grant you one) with one or more options to renew to give you some flexibility. In this case you will probably have a certain block of time before the initial lease term ends in which you can notify the landlord that you wish to renew. Be aware there may be an additional fee.
Another option you may wish to consider is the option for additional space, so that you can grow and expand your business. If the landlord believes in your business and your ability as a tenant to attract other businesses of interest they may offer you this additional space at a deep discount. Good luck again, and make sure you take the time to handle the details of your commercial lease as soon as possible. Where your business is located, and the ROI of that is paramount to the success of your growing business. If you would like to look at other property options in the Concord area, or discuss your options, feel free to call our Concord office at 704.973.9017.
Property Manager
Kuester Property Management
Concord, NC
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