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commercial real estate for sale Westchester NY

3 Pros of Investing in Commercial Property

Are you considering an investment in commercial property? If so, the first recommendation is to meet with at least one commercial real-estate agent, such as Rakow Group! It’s also advisable to find an agent that specializes in the type of properties you are searching for. For commercial real estate for sale Westchester NY or commercial real estate for sale Fairfield CT, get in touch with Rakow Group – A dedicated team that is always striving for the best deal possible. Below are some pros and cons of investing in real estate brought to you by Rakow Group.

Additionally, before you jump in head-first, consider some of the positives as well as challenges of commercial property investing. It’s completely different from investing in single family residences.

Flexible Financing

When it comes to financing commercial property, the options available tend to be more flexible. It’s possible to buy large and valuable properties with almost none of your own money. Furthermore, the option to utilize auxiliary financing is available (up to 100% financing, with first or second mortgages).

This is in contrast to residential financing as usually the banks/agents would frown at 100% financing. Instead of basing a valuation of commercial properties on others nearby, you base them on rent roll.

More Passive

It goes without saying that if you have on-site maintenance, the property is far more passive for you, the owner.

If the property is an office space, in theory, you should only have tenants during business hours throughout the business week. Also during ‘out of office’ hours, it’s highly likely a limitation of maintenance calls function.

If you have a “triple-net” lease – very common among commercial properties – the tenant is usually responsible for all property expenses, including insurance, maintenance, taxes as well as paying the utilities and of course, the rent.

While investing in commercial property can be more passive in comparison to residential property, you should consider your yield. It will probably be lower, especially if your property has a low cap rate as well as being expensive.

Economies of Scale

With the availability of more units under one roof, you can develop more favorable contracts with your contractors. You can also negotiate a lower tariff for any maintenance or improvement work. Just encourage them to negotiate and go about luring more volume to your property.

Across the world, the most efficient apartment complexes contain more than 100 units. This is because it enables the owners to afford on-site help and maintenance. With an on-site team readily available, it’s far easier to turn over apartments at a rapid rate. There are of course times when you may require some outside help, however the need in general decreases greatly.

Conclusion

Considering some of the pros of investing in commercial real estate, we think that it’s a valuable and profitable investment for many people. For individuals that prefer to remain more hands-off, and enjoy working with big numbers it’s a win-win. Considering the above, we would lean more towards an investment in commercial property as opposed to residential property.

Should you be interested in finding out more about commercial real estate for sale Westchester NY, get in touch with Rakow Group today! With an expert team ready to negotiate you the best price, they are the perfect agency to help you get involved with commercial properties. What are you waiting for?

Call them now on (914) 422-0100 or (203) 359-5703.

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4 Things To Understand About CRE Appraisals

Before deciding on a commercial property, it is imperative to get a CRE appraisal beforehand. A CRE appraisal is a Commercial Real Estate appraisal and it varies substantially from appraisals done for residential properties. In the following article, Rakow Group will provide you with 4 key pieces of information regarding your CRE appraisal. If you are interested in commercial property for lease, throughout Westchester and Fairfield counties, then you should contact the Rakow Group today.

Here is a look at the top four things property owners should be aware of when seeking an appraisal.

Residential vs. Commercial

There a number of differences between the appraisals of residential properties in comparison to the appraisals of commercial properties. The fundamental difference is based on the income-producing potential of commercial properties. Appraisals involving commercial properties require a greater amount of research and analysis, with three factors considered of value; the costs, the income opportunities and the sales comparison.

In addition, commercial real estate appraisal fees are higher than those of residential ones purely because of the time spent. It’s common for commercial appraisals to analyze thoroughly the following: the income potential, any leasing info as well as any income and expense information. In comparison, residential appraisals are more straight-forward and less time-consuming.

Compliance

When completing your appraisal it’s of vital importance to always comply with the “Uniform Standard of Professional Appraisal Practice” (USPAP) code of ethics. This is the universally recognized association to conform to when working in the appraisal profession. The USPAP has long established rules and confidentiality when concerning property appraisals. Furthermore, it requires an unbiased opinion of value from all appraisers. Adopted by Congress in 1989, the USPAP provides standards for all types of appraisal services.

Scope of Work

Every appraisal of commercial real estate has to have a clear scope of work defined. The scope of work should include the level of research and detail required for each particular job. This is included to produce reliable and honest results that are appropriate for the appraisal report.

To determine the full scope of a project, it’s important to identify the following parts;
– Intended users and clients.
– Type & definition of value (i.e. investment, foreclosure, market, etc.)
– Intended use of the appraisal.
– Hypothetical conditions including extraordinary assumptions.
– Typical client expectations.
– Typical appraisal work by colleagues for similar projects.
– The effective date of the appraisal.

It’s not uncommon that a complex property will have a more expansive scope of work than that of a smaller property.

Best and Highest Use

The most important factor in a commercial appraisal is the best and highest use of the property. This is the foundation on which the valuation is based. This determines which possible and permissible uses will provide the property owner the highest return on investment. The potential uses are then narrowed down to those which are first, financially feasible and second, economically supported for the particular property. It is then up to the appraiser to identify which remaining uses would be the most productive and profitable for the property.

To conclude, there are a number of factors to understand when completing your commercial real estate appraisal. The factors vary depending on the size of your property as well as the plans you may have anticipated for the future. When searching for commercial property for lease, across Westchester, Fairfield and beyond, consider the Rakow Group.

Give them a call now on (914) 422-0100 x10 or (203) 359-5703 x10.

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Financing Commercial Property Development

Are you wanting to develop your commercial property but don´t have the funding in place? Then self-build, development and refurbishment finance may hold your answer. Should you be interested in commercial real estate for sale Westchester NY, then you should contact the Rakow Group and discover the many ways in which they can help you and your business.

The aspiration of purchasing and developing commercial property is a common goal of many, across the country. However, the majority of individuals, and even companies, looking to purchase and expand properties, will simply not have the capital readily available. Developing properties is crucial to making a profit in most cases.

With the majority of property investments usually made for long-term reward, the Rakow Group try to answer your questions on, “how is the money secured?” and “in which ways can I obtain a large enough sum to secure a hefty profit?”

Simply put, there are a variety of funding options available. These options focus specifically on the development and improvement of properties. Options include development finance, refurbishment finance and self-build finance plus many more.

Development Finance

The term development finance is a broad term which encompasses all natures of financing used to fund property refurbishments and renovations. The amount that you qualify to borrow will depend on a number of factors. These factors include the following as well as many more:

  • The gross development value.
  • Anticipated building costs.
  • Overall value of the property ready to work on.

Lenders do not commonly lend 100% of the property´s value. This means that if the renovations planned will cost more than the property, it is up to you to make up the difference. The gross development value refers to the predicted value of the finished project. Before agreeing any kind of loan, lenders commonly send an independent assesor to value the property.

Self-Build Finance

This particular type of finance is completely unique to individuals looking to build their own property from scratch. The market that these types of loans are applicable to is fairly small. It´s predicted that roughly ten percent of homes are classified as “self-builds” nationwide. Be conscience that there are a number of considerations to make when choosing the self-build property route.

Releasing the money in stages, is a major plus of self-build finance. The payout stages are in direct correlation to the stages of the project itself. The risk to the lender is lower, therefore this is a huge positive. Additionally, properties that are self-built tend to acquire around 20% more than the cost to build them.

Refurbishment Finance

Refurbishment finance is included under the same umbrella as ´development finance.´ However, many lenders offer more bespoke offerings to individuals who are seeking short-term work as opposed to large scale developments. What is likely to dictate the type of finance taken, is the length of time for the proposed work to take place.

Typically speaking, long term work would fall under the broader category of ´development´. Whilst smaller projects would require more specific refurbishment finance. Refurbishment finance is useful to improve an existing rental property by increasing the value/rent from it. This is just one example of many. With properties in many areas enjoying an increase in value, this can result in a very safe investment.

To conclude, there are a variety of financial options available to any individual who is wanting to develop commercial property. If you are interested in finding out more about commercial real estate for sale Westchester NY, then you should contact Rakow Group! A dedicated agency with years of experience they are sure to find you the best deal at the best price.

Give them a call today on (914) 422-0100 or (203) 359-5703.

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4 Steps To Finding The Best Medical Office Space In Westchester

If you’re a real estate investment enthusiast, here’s why to make medical office space for sale your latest investment, and moreover, how to ensure your investment works out in your favor. In 2015, business-based publication Founder’s Guide found that healthcare is the number one largest industry in America. It reportedly was the industry with the highest employment rate in the nation in 2013 and since then has only grown. This is due in part to the diversity of the field. Not all healthcare jobs are surgeons and nurses on hospital floors. Healthcare stretches far and wide. And a remarkably large portion of those jobs are in private practices.

Considering how expansive the private medical practice industry has become, naturally there’s an increasing demand for medical office real estate, both for rent and for sale. And as more people start to pick up on the trend, the competition is going to grow along with it. If you have any interest in investing in medical office real estate, here are 4 things you need to know before you walk into a negotiation.

1 – Research How Cost Matches Up With Competitors

Start out by figuring out what the standard pricing is. Then measure the property’s affordability both in the short and long term. How does the cost of either leasing or buying this property match up with the competition? Whether it’s more or less expensive than the standard, you should find out why.

2 – Be Wary Of Hidden Additional Maintenance And Improvement Costs

Bear in mind that you will be paying more than just a monthly rent or mortgage. If the property is already more or less finished, it will probably be more expensive to buy or lease. If it’s unfinished and requires maintenance, the initial cost may seem too good to be true because it is. Paying for those maintenance jobs is going to cost you. Just remember that that’s the point of an investment. So basically, the key here is to crunch the numbers and make sure that the investment will be worth it.

3 – Don’t Be Discouraged By Lower Costs For Office Space In Other Industries

You may find the cost of building up medical office space is less forgiving on your wallet than other industries. However, while conventional office space is cheaper, it is not as lucrative and thus a lesser investment in the long term. If there’s any ounce of truth to the findings that Founder’s Guide has published, you will profit more from investing in medical office space because the industry produces greater returns.

4 – Safety And Hazard Prevention Plays A Larger Role

Naturally, you never want biohazards and other similar types of disasters happening in your office. But with medical office space, the stakes go up a few pegs. That’s because you are dealing with sick people and handling potentially hazardous substances regularly. You will be in the presence of disease and dangerous pathogens, which means that you will need a space that will ensure that you can safely dispose of biohazardous waste. Also, bear in mind that in order to install the equipment that will make this possible, you may end up with additional costs. Moreover, there’s also the risk that the landlord will not agree to install it, which, in so many words, eliminates the property as an option.

If this article interested you and you’d like to learn more about medical office space for sale consulting and networking services, give Rakow Group a call today at (914) 422-0100.

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The Difference Between Net Rent And Gross Rent

Rakow Group helps connect prospective renters, owners, and buyers of retail, industrial, and medical office space for rent and for sale. We are a commercial real estate for rent Westchester NY company with expertise in all aspects of the commercial property industry. We are not limited to just renting and leasing, but to property for sale as well.

Real estate is a promising industry that if you handle responsibly and intelligently you can convert into marginal profits. However, it is a field of expertise, which means you’ll need a bit of warming up before you reach pro status. In order to get your feet wet, you’ll first want to brush up on your real estate terminology. This article will focus on three important terms and how to distinguish them. By learning the difference between net rent and gross rent, you’ll be well on your way to the big leagues.

What is Net Rent?

A landlord will determine his or her rent based on a number of features of the property. Namely, he will charge per square foot, and then add on an extra net rent fee. This is a term people typically use for commercial real estate. With commercial real estate, the rent for the property itself is not the only expense. You’ll also have to pay for insurance, maintenance fees, and of course, property taxes. The cumulation of each of these added expenses is what we call the net rent.

You can expect your commercial property landlord to provide an estimate of net rent for one year at the start of payments. Then, once you’ve paid all of your expenses, if the numbers do not even out, in most cases, your landlord will provide credit to you to make up for the excess payments. In other cases, the landlord may underestimate the costs, in which case he or she will simply send you an invoice for the remainder.

What is gross rent?

Here is a term that you will not see as often when it comes to renting or leasing commercial property. Instead, this is something that you’ll much more commonly see in home real estate. Gross rent is when the base rent and the net rent merge into one. As a tenet of a home, most people pay one flat fee each month, and this accounts for all expenses of the house.

The reason this model is typically only used for homes is because they’re smaller properties with fewer unpredictable fluctuations in costs. It’s also uncommon for landlords to utilize the gross rent model for short-term leases. In some cases, landlords will include in the lease a clause that says that in the event that property tax or any other additional expenses happen to incrase, that they reserve the right to increase the gross rent. In so many words, this serves the same purpose as operating with the net rent model.

We hope you learned something today. If you’d like to learn more about our industrial, retails, and medical office for rent and for sale services, give commercial real estate for rent Westchester NY company Rakow Group a call today at (914) 422-0100 Ext 10.

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Check The Tenant´s Leasing Options

Before finally signing on the dotted line it is good practise to always check the small print. With the Rakow Group you can trust that every little detail is taken care of when searching for commercial property for lease in Westchester NY.

When it comes to the due diligence phase of a commercial property acquisition, ´excellence is in the detail.´

Due diligence is the “reasonable steps taken by a person in order to satisfy a legal requirement, especially in buying or selling something.”

One particular area that is often overlooked when evaluating a property are the options in the leasing contract. Contrary to what many people think, the majority of the options exist to benefit the tenant and not the landlord.

Below are some of the most common options you should look for before signing on that dotted line:

The Option To Extend

More often than not, tenants will want an option to extend their contract. This can be as simple as offering them a first right to extend at a fair market value. It can also be as extreme as renewing at 90% of the current market rent. This is a key option to evaluate as it can have a big effect on future cash flows. These options will also specify any tenant improvements that the landlord must make.

The Option To Expand

The next factor to consider in an option to expand. This often has two effects on the landlord. Firstly, it may define the tenant and rent improvements provided for an expansion. Secondly, it may in fact restrict the ability of the landlord to lease the property to other tenants. This makes in an extremely important option to review. Evaluate this option with care.

The Option To Reduce

An option to reduce is less common than the two above, however should still be evaluated with due care. This option allows the tenant to give back additional space if their business allows it. The majority of the time, tenants will have to provide a notice period as well as pay some kind of reduction fee. This particular option can have a severe impact on rents in the future.

The Right To Terminate Early

The harshest option available is that of the right to terminate the contract early. In some cases this is called an acceleration clause. This clause allows the tenant to terminate the contract prior to the stated lease expiration date. This option usually comes with a penalty equal to leasing commissions and unamortized tenant improvements. Some leases involving retail companies offer a cancellation clause if the anchor tenant leaves the property. This could be the worst possible outcome for any future landlord.

The Option To Purchase

There of course might be an option to purchase the building should you feel it to be the right decision. This particular option will more often than not come with an expiration date. However, if it doesn´t come with an expiration date, the tenant could potentially buy the building out from the new owner. This is an important factor to understand because the purchase price is determined within this option. On multiple occasions, this option may exclude the existing owner from selling the property.

In summary, it is of the upmost importance that you understand all the options in the leasing contract. They can have a dramatic effect on the economic viability of the building you are looking to buy.

When you are looking for commercial property for lease in Westchester NY, contact the Rakow Group. They are on hand to guide you through the entire process as well as negotiating the best possible deal for you and your business.

Call them today on (914) 422-0100.

 

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5 Top Tips When Setting Up Your First Office

The key factor to a successful start-up process is growth. So when you are ready to move from your garage into your very first office, it can be an extremely exciting time. When searching for your first office you should use the Rakow Group. With years of experience searching for commercial space for rent in Westchester NY, they will be sure to find you your ideal first property.

Some obvious questions to ask yourself before moving into your first office are, “Have you thought everything through?” & “Do you know what moving physical space entails for the future of your business?”

If you have the answers to the above questions and are confident a new office is still the right decision, then take note of the following five points!

The following five points are what a start-up needs to consider when looking to open an ideal first office. These points will assist any start-up that are looking to promote success and productivity with their first office space:

Correct Location

Probably the most important factor to consider – location is critical! The ideal location should be central enough, allowing your employees to commute easily. Other factors to consider regarding your location, should be presence of competition and proximity to skilled labor. Should you work directly with clients, you should also go for a location with your customer base close.

Is It Really Necessary?

You should ask yourself whether your start-up really requires a dedicated 24/7 office. Office spaces are expensive. One option you can consider is having a part-time space in a shared office environment. This option offers you flexibility as well as being cost-effective. It can keep your costs down whilst your start-ups cash flow becomes more steady.

Make It Yours

When taking charge of your workspace, ensure you feel comfortable and satisfied with your decision. You should feel an empowering effect as it will lead to an increase in productivity for yourself and your colleagues. Don´t focus on filling your office with expensive equipment and designer furnishings. Instead, put your own spin on your office environment. You should make the space engaging for your employees, so the business´ objective is clear to everyone from the outset.

Keep Costs Low

When you think about it, there are a huge number of successful companies that started from their garage or home. You should always remember that you can upgrade your office space once your business starts becoming successful. A very important factor for any start-up to consider is keeping costs low in the beginning.

It´s not necessary to have a saltwater fish tank or a leather sofa; but instead a desk, a chair, a telephone and the internet. Instead of spending money on fancy furnishings, focus on your workforce. Find employees that are prepared to driving your business forward or reward current employees who are achieving and succeeding.

Consider A Co-Working Space

Without a doubt, the best place to start for any start-up is a shared space or co-working space. The price that you pay includes everything from utilities to furniture and internet to car parking. This leaves you with very low overhead costs meaning more resources available to drive your business forward.

Another positive of co-working spaces is the fact you will always be surrounded by like-minded individuals. People who are constantly creative and energetic can be a massively positive influence on your business as well as your workforce. The environment created, will allow you to get your creative juices flowing as well as being a collaborative space where everyone feels welcome.

For an industry expert’s advice on everything you need to know when searching for commercial space for rent in Westchester NY, contact the Rakow Group. For years they have been assisting start-ups find their ideal first office. Get in touch with them today to see how they can help you and your start-up take a big step when considering your first property.

Call them now on (914) 422-0100.

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Surprising Advantages Of A Smaller Office

There´s a simple explanation to why spacious offices are so appealing. Having control of more space empowers you, which gives you the sense of freedom, dominance and choice. Designers have been aware of this for years and have always incorporated it into their layout, architecture and decorative choices. Additionally, public speaking experts note the relationship between power and space too. They urge people to use good posture with broad shoulders to give listeners a sense of boldness and confidence. It´s easy to associate space with success! When searching for your next business space, use the Rakow Group. With expertise in all levels of selling and leasing commercial property, they are experts when finding your next commercial properties for lease in Westchester NY. Whether you are after your first professional space or are opening your tenth office, the Rakow Group are on hand.

In the United States, it is reported that most workers only get about 150 to 200 square feet per desk. It´s supposedly worse in other countries. In recent times, companies have adopted open floor plans to promote a sense of transparency and better communication. These methods allow companies to put more workers in a smaller space. It also allows businesses to remove privacy barriers leading to more productivity in the work place.

Research does however suggest that this method isn´t for everyone. Some individuals find elements like constant-noise, easier spread of illness´ and interruptions very stressful.

Find out with a few of these examples why a small work area can boost your business:

Organization

With big office spaces it is easy to let folders, books and other office supplies smother you and cramp your space. If you have only a few precious metres, you learn to prioritize what´s vital to have easy-to-hand. You will not be keeping unnecessary junk or spend unnecessarily on items that you “might need one day.”

You will also learn to focus on a digital world a lot more. This has huge advantages in the form of data sharing as well as speed of completion. A smaller office space also will make covering shifts easier. Usually in a smaller space there is less things to search through, saving time and in due course, money.

Creativity

In a small office, traditional office furniture and supplies will probably not work. In turn, this means you will have to get your creative juices flowing to find a setup and design that both look good, as well as making you and your employees feel comfortable.

The levels of creativity used when designing your space can easily be carried over to your projects. These creative juices could allow you to solve ongoing problems with clients, just by thinking outside the box.

Focus

The obvious temptation when you have a lot of space, is to fill it or at least try. When a space is full, people can find it distracting when needed to work. With a clean, well-organized small-space, you will be able to resist the urge to multitask, which has been proven to be healthier for your brain.

One-on-One

For some people, walking into a huge office can be intimidating. They can easily perceive the person who occupies the space as being in charge. You should try to take advantage of your smaller work space by creating a more homely environment. Creating this kind of environment will invite more trust-filled conversations and a happier workforce.

It´s obvious that smaller office spaces have their limitations but they don´t have to be a death sentence for amazing work. They offer you the perfect excuse to think outside the box, engage in positive communication, stay on task and keep costs down. So the Rakow Group urges you to make the most of the space you´ve got!

When searching for commercial properties for lease in Westchester NY, you should utilize the expertize of Rakow Group. With years of experience selling and leasing commercial property, they are industry experts ready to answer all your questions.

Give them a call today on (914) 422-0100.

Commercial Properties For Lease In Westchester NY

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Decision Made: Buying Commercial Property

Whether the decision to buy a commercial property comes from expanding your customer base or diversifying your investments, follow this guide to optimize the process. The term “commercial real estate” is a blanket term for a variety of property types and transactions that include much more than just a street address. Trust the Rakow Group when searching for commercial real estate for sale in Westchester NY.

While many commercial real estate markets took a beating during the Great Recession, there are still unique opportunities to find. You need a clear strategy and the ability to think outside the box, when it comes to optimizing these opportunities.

Choosing to Buy an Investment

The rates to pay off a commercial property can be higher than a residential property. Therefore there are different risks to consider. When it comes to purchasing and managing commercial properties, you need to demonstrate a vastly different skill set.

If you are making the change from residential property to commercial real estate investments, it is imperative to first gain a knowledge of the field. You should understand clearly the different ways the two types of properties are valued. You should also understand the changing rates of income vs expenses.

A mentor with vast levels of experience in the commercial real estate field can provide invaluable information and guidance when it comes to your knowledge into the market. Rakow Group can be this mentor. We understand the market inside-out.

Finding the Right People

Choosing the right real estate agent as well as attorney for your purchase is a key component to a smooth transaction. When it comes to buying commercial real estate expect some problems. These problems will arise in a complex maze of legal, financial and operational concerns. With this in mind, it´s essential to do your homework and ensure you have the best team of professionals readily available. It is recommended to interview several agents as well as check their references as thoroughly as possible.

As with any situation when researching references, recommendations from trusted colleagues, friends and family are priceless. Only trust professionals who boast years of experience that also have respected credentials. The National Association of Realtors’ Certified Commercial Investment Member is one such credential.

A real estate attorney is also something you should not overlook. What may seem like a great deal can be simply undone by a seemingly minor legal issue. They will be able to assist you throughout your purchase. They will also be able to educate you on the sector and current market. Finding a competent attorney can make or break a deal.

Conversions? Residential or Commercial

It´s no secret that warehouses and downtown storefronts have been prime options for conversions from commercial property to living spaces – whether it be lofts or apartments. During the recession, vacant office spaces also become a big target for investors looking to create clever spaces out of crowded areas. As the commercial real estate market stalled, various markets saw glimmers of hope from spatial conversions.

Studies confirmed that throughout the country, cities realized a rise in the conversion of commercial property into residential space. You should be optimistic and confident when deciding to buy commercial property, however you should also expect problems. The road will be a fruitful one but there will also certainly be lots of challenges. It´s essential to you as an individual, as well as your business to have a top-notch team of professionals on-board.

Should you be searching for commercial real estate for sale in Westchester NY, then the team you need is Rakow Group. With bags of experience in the commercial property sector, we are a professional company always putting the customer’s wishes at the forefront. We’re involved in hundreds of deals and will not let you down!

Give us a call today at (914) 422-0100.

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Where To Start Searching For Commercial Property

Commercial Space For Rent Westchester NY

How easy is the search process when finding your next commercial real estate? Does a simple yet quality platform exist? Where can I seek professional help? These are a number of questions running through people´s head when searching for commercial real estate for sale in Westchester NY, and with the Rakow Group, help is on-hand. Read this brief yet informative guide and you will have your questions answered and your worries laid to rest.

Firstly you should clarify all the data you need. Below are some basics that you may have overlooked:

Location

This is very basic, however you would be surprised at how different the location may be today if you compared it to a few years ago.

Property Type

You should have in your mind the type of property you are after. Whether you are interested in office space or facilities with medical capacities. This should be clear in your mind so that you can define the solutions.

Price

An imperative factor to always consider. This is without doubt something you have to have crystal clear when searching.

Property History

It´s highly advisable to find out as much information about the properties history as possible. This can lead to huge savings both short term and long term. It will also give you peace of mind, as well as lower the chance of you feeling left red-faced. Here are some key questions to both ask and consider:

  • Who is the current owner?
  • When did they buy it?
  • How much did they buy it for?
  • Who owns the mortgage and when is it due?
  • How old is the building?
  • What is the total number square feet? How is it broken down between vacant and occupied space?
  • What are the current rental rates? How has this changed over time?

These questions are just a few amongst many. However these are probably the most appropriate and will give you a better understanding of the property that interests you.

Look Ahead

You should always be pro-active in finding out the sources of the data you´re after. The question you should always ask yourself is, “how true and accurate is the data?”

The data that you will be searching for has a third party base. For example, the tax records are the tax records. One cannot edit these. They will give you some clear financial data about the property in question. The same can be said about the historical sale information. However, the dates, rates and competition concerning some other topics definitely require some investor caution.

You should tread carefully and adopt a level of caution as the data might not be highly accurate.

Should you be interested in searching for commercial space for rent in Westchester NY, get in touch with the Rakow Group. A highly professional organization that put their customers at the forefront of the commercial property world. The tools and information you can get from Rakow Group will be invaluable for your commercial real estate investment.

Give them a call today on (914) 422-0100.

Commercial Space For Rent Westchester NY

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