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colliers international real estate

Jan 2010

colliers international real estate

News Headlines across major U.S. cities vacant commercial grade record, with a decrease in the price charged for the rental of commercial space. As expected many major statistical property earlier this year, the next bubble to burst is commercial property.

Based in statistics compiled by Cushman & Wakefield (C & W), the commercial vacancy rate has not been higher since mid-2005. C & W, a global of commercial real estate brokerage and consulting, has found that vacancy rates rose in 24 of the 32 major markets studied.

Colliers International, a global provider of business services Real Estate, said the rented office space is more abundant. Nationally, it takes space of offices in major business districts rose from 12.5 to 13.74 percent in the second quarter of 2009. Suburban markets rose 1.95 percent to 16.28 percent. Moreover, the company found that the rent charged in the main business districts fell 3.2 percent during the quarter averaged $ 38.25 per square foot. Rentals media in U.S. cities demanding the whole, however, are now often too expensive at about $ 25.00 per square foot.

Both Consider companies that the market has been beaten by increased supply and reduced demand due to economic slowdown. Executive Managing Director, said Maria Sicola unemployment figures translate into lower demand is reflected in higher vacancy rates. Over 66% of the 6.5 million square feet of commercial space in new construction was still vacant at the end of the second quarter of 2009.

Michael Cohen, a research strategist at Property and Portfolio Research (PPR), said that the company expected to reach their highest vacancy historical office, apartment and storage space in 2009. According to ING Clarion Real Estate CEO David Lynn, the hotel market has been dealt the biggest blow to business and leisure travel reduction.

Most cities around the country are experiencing more Name of the job offers. Phoenix is 17.4 percent vacant, Chicago is at 15.4 percent, Washington, DC, has a rate of 11.7 percent, Las Vegas is over 20 percent, Kansas City is more than 18 percent, Providence, Rhode Island is now more than 30 percent, and so on.

Parallel to increased business commercial insurance work are increasingly concerned about the vacant property management. Holidays present additional risk does not apply to properties occupied. Companies insurance encourage owners of vacant buildings to minimize business risk by implementing the following:

* Notify the company holiday insurance, to be aware of the political conditions that apply to vacant property.
* To advise local authorities that the property is vacant.
* Remove all unnecessary waste of fuel and materials vacant property.
* Inform local fire departments of fire materials which can damage left.
* Inspect the property per week, having someone to control the ownership or lease of a storage service to the unit by the Journal of respect property.

With the numbers of vacant real property should not arise for some time, this advice is very wise.

Ki moved to Austin to attend college, and stayed to work in Austin real estate. He created a website encouraging buyers to search for Austin homes for sale. His site also has information on Austin Commercial real estate and general information and statistics on Austin real estate.

Category: Collie Tags: commercial, estate, real, realestate, real_estate Leave a Comment

bloodhound real estate

By admin

Sep 2009

bloodhound real estate

“Vacant – Boarded Up Houses” are my FAVORITE DEALS for quick turnaround flips. You’re talking about someone that cares so little about the property that they’ve left it to decay. The owner of that house should be begging you to take their junk house off of their hands. Except, the only problem is, the owner has completely vanished without a trace…Or so it may appear!

In these times of computers and the Internet, It’s a very rare occasion when someone can’t be tracked down. Every homeowner leaves little clues, and it’s your job to piece them together. If you want to be successful at this, you need to have a system and you need to follow it exactly as I’m describing it to you. If you only do one or two things, you may get lucky…but if you do them all, you’ll almost always get your “Mark”. I suggest you print up the following Ten Step Plan and follow the process every time you track down a seller.

The Ten Step Plan To Finding Homeowners “Bloodhound Style”

1. Place A Flier in the door stating that you buy houses in any condition & stick one of your “I Buy Houses” bandit signs right in the front yard.

2. Ask The Neighbors….Not Just immediate neighbors. I always go Four houses out on each side and across the street. You should be able to get bits and pieces of information from each person. Don’t be afraid to ask questions..Leave your card and offer money (if you buy the property) for any information that they may “remember” after you leave…Ask & You Shall Receive!

3. I go to Whitepages.com or you could call 411 – You’ll find about half of them right here!

4. Visit your local Tax Assessor’s Office. Check the “Mailing Address” to see where the tax statements are headed. ALSO, I ALWAYS run that person’s name to see if they own other property in hopes that there are more abandoned junkers that we can cut a deal on. Sometimes a new mailing address will be on other properties as well.

5. Run the name through the clerks office and look at all the recorded docs and court indexes for that person. You can often get a good picture of what’s going on, and sometimes even some other addresses or addresses of relatives, etc. This is where your detective skills kick in. You want to scour through and see if you can find anything…divorce filings, new loans, liens, Law Suits. If their salary is being garnished, the employer’s name and address will be their for you. . Many times you’ll see that the individual is in jail or just got out of jail. You can usually find their attorney or a new address off of the arrest info. If they’re in jail, you can call the prison and set up a visit with the inmate.

6. Send out a letter and put “Address Service Requested” on the envelope. Make sure that the address is hand written on the envelope and regular stamp is used (NO BULK RATE)

7. Hire a Skip Tracer. usually use “FINDTHESELLER.COM” because they’re pretty inexpensive and they’re pretty good at finding people that I can’t with very limited info. It usually takes 24 – 48 hours to get a match but you can be trying the other methods while you’re waiting.

8. If it’s a unique last name, I’ll start calling everyone in the phone book within the area…hoping to get a relative. I’ve been surprisingly successful with this “Shot Gun” approach. If the name is something like, “Johnson” or “Jones”…I wouldn’t even attempt it..:)

9. Voter Registry – You can get updated addresses

10. Place the lead in your file in case another clue arises in the near future (Property goes into foreclosure, neighbors call you, someone calls on the sign, etc).

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