Commercial Real Estate 101
Commercial real estate is the buying and selling of any land or buildings that are meant for business purposes, such as office blocks, factories, medical centres, shopping malls and apartment complexes. Parties that have an interest in commercial real estate are government departments and businesses that need to buy or rent office space, investors, and commercial real estate agents.CALL DOUG SPRAYBERRY NOW FOR THE MOST UP TO DATE INFORMATION ON OPPORTUNITIES FOR BUSINESS, MANUFACTURING AND RETAIL BUILDINGS FOR RENT OR SALE IN GREENVILLE SC
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The vast majority of businesses all over the world require a purchase or rental of commercial property. Getting the right office space for , so an important strategic decision that needs to be made by companies is whether to buy an office block, or parts of an office building, or find an office building for lease in Greenville SC. When looking to buy or lease office space for rent, a business will look at advertisments for commercial properties in the area they are looking to set up, or go to a local agent detailing their requirements so the agent can look for them and present the properties available. When looking at commercial space for lease a business will follow a similar process, although they'd need to approach letting agents, as opposed to selling agents, to find appropriate buildings.
There are many types of buildings for rent in Greenville, SC that fall under the commercial real estate category in the Upstate area of South Carolina, ranging from the typical, such as regular office space for example an accounting firm could use; to more specialized buildings like a medical centre which houses general practicioners, physiotherapists and a pharmacy; to more obscure buildings such as a factories that produce specilized products, like motor vehicles.
From an investors point of view, who is looking to buy or build a commercial property to make money from capital gains or rental income, the more 'general' the building is the safer it is. It is far easier to find tennants for a regular office building than it is for a highly specialized factory. At the same time, businesses that sell highly specialized products, such as electronics and cars, almost always buy land to build their own factories.
Every month that an investor doesn't have a tennant in a building they will likely be losing a large amount of money due to the high cost of commercial properties and the likely high interest payments each month. For this reason, investors in commercial real estate will always look for safe long term tennants. Government departments and banks are generally regarded as the most secure tennants, as they are the least likely to go bankcrupt or downsize. Another great option for investors looking for long term profitability is to go into developing areas and be the first to establish a shopping mall or medical centre in the region. If the area is still growing in population, there is a high probability that these buildings will always have willing tennants, and the value of the properties will appreciate over time.
Commercial real estate encompasses a whole lot of different types of land and buildings which are highly sought after by investors and businesses alike. Commcercial properties are a great way for investors to make money, and are essential for businesses to operate effectively. Deciding on the right Greenville office space for your business can be a tough choice, and having someone like Doug Sprayberry there to teach you the secrets of over 30 years experience is the best choice you can make for finding an office building for your business.
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