Quote:
Originally Posted by mudman
FWIW I've called on some stuff along Dixie Hwy for rent/lease. From nice but small(1200sf) offices @450/mo to 3000sf 'rear' buildings with paved parking storage for 800 the commercial scene is desperate right now.
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At those prices, I don't see much reason to buy.
The momentum in commercial is still downwards. A cursory review of the commercial side will cause you to think residential RE is in a boom.
My dad is helping an associate renew his lease (oriental foods store). During the old lease, the landlord sold out to a big investor. The new investor bought at the top, and is now eating the crap sandwich (vacancies and demands for lower lease rates). The already low cap rate is being mauled. Unless your fetish is popping antacids tablets like Chiclets, tread carefully.