Commercial Listings

Roughly $83 billion in commercial listings (like office, retail, industrial and apartment properties) have gone into bank foreclosure, default or bankruptcy this year, reports research firm Real Capital Analytics. This may be bad news to some, but to others, it presents opportunities. A number of pre-foreclosure and foreclosure properties are now available and property auctions are selling off large sites at rock bottom prices. Also, loans still exist for people with favorable business credit and a proven track record of real estate investing. In fact, there are many other places to find commercial real estate, whether you’re new to the game or a seasoned pro.

Many first-time investors like to go through a licensed real estate investment property broker when dealing with expensive commercial listings. The three biggest real estate franchisers are Century 21, Coldwell Banker and RE/MAX. Century 21 offers overseas property listings in 60 countries and consists of over 8,800 offices and 145,000 real estate professionals. Coldwell Banker consists of more than 260 companies and 3,000 real estate agents, with “the largest geographic footprint,” they say. RE/MAX offers millions of properties spanning 70 different countries on six continents. Whether you’re looking for overseas or USA property, you will find a base of knowledgeable professionals to help you make the best decision.

The Commercial Brokers Association (CBA) is another good place to start looking up commercial listings. This association has provided a valuable multiple listing service since 1977 and has grown to 900 offices, 4,000 commercial realtors and more than 15,000 listings of commercial buildings. They offer administrative services, electronic forms management and a course in real estate buying, selling and investing in real estate. They specialize in properties in Washington, Idaho and Oregon, particularly, which might not make this a site that holds value for everyone. However, most investors can appreciate their educational resources.

One of the challenges facing the profitability of commercial listings is the dried-up credit market. Investors are having a hard time accessing loans and financing their debts. This has put many bank foreclosure listings into the market, making it a tough sell in such a dreary climate. Rents have been decreasing and concessions are on the rise just to keep tenants in the buildings. With production down, widespread job cuts and decreased consumer spending, the economy has contracted considerably. However, forecasters believe the economy is beginning to rebound slightly in response to federal and local government initiatives to stimulate growth and get consumers spending again.

Jeremy Larson is a foremost expert in the natural cures for acid reflux field. His work has been extensively published in various online publications in the areas of natural cures for acid reflux. For more information on the treatment, visit remedyforacidreflux.com.