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Demand for office space is way down and has been since before Covid. Retail is a mixed bag, all dependent on location, amenities, and demand. Flex and industrial is in high demand. I am an investor in a large, newly constructed industrial space and we had most of it rented before construction was complete. Cost per sq ft of industrial here has almost doubled in the last 7 years.
You are going to want to look very closely at building condition and what will need to be done in the coming years. What occupancy rate is there currently and historically. Look over the financials with someone who is very familiar with CRE. Are there any challenges to the renters? Ingress, egress, visibility, parking, etc.
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Scott
69E Coupe 2.2S LtWt
73.5T Coupe
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