December 26, 2018

3 Simple Rules for Commercial Real Estate Success

Finding success in commercial real estate can prove to be elusive for many people. A lot of things need to come together for your business to find commercial real estate success. It doesn’t matter if you are looking for commercial property for sale or office space for lease, without doing some hard work and research, you could be digging yourself into a financial hole. With the help of a solid brokerage firm like the Rakow Group, you can find the best commercial property for sale and rest assured that you are getting a great deal thanks to their expert negotiators. Below, we will discuss three simple rules that can help you find success in commercial real estate.

1. Seek Property with High Visibility

This is a rule that is absolutely essential if you are a vendor or storeowner. Visibility of the location of commercial real estate is extremely important. If your potential clients can’t find your business, how are you going to be successful? Customers will tend to choose the path of least resistance. If it’s difficult to find or get to your business, you could be in for trouble. Try to find commercial property for sale that is easy to see from the road and provides people with easy access in and out. Price visibility into your commercial real estate transactions because it certainly is a valuable quality.

2. Find Commercial Property with Updated Zoning and Codes

The government can have a dramatic impact on the success of your commercial property investments. It’s something that you need to keep in mind when looking for commercial property for sale. A simple change of the current zoning and codes can cause big problems for your business if you aren’t careful. If you can find commercial property for sale with updated zoning and codes, that means they will be unlikely to change again in the near future. The most successful commercial property owners know how to work with zoning and codes, not against them.

3. Property Located in a Good Neighborhood

When looking for commercial property for sale, location is absolutely key. The most successful real estate investments are located in an active and strong community. If you can find a property that is located in an up and coming neighborhood, even better. Your property value will grow along with the area. People are normally personally invested in their local economies, which means they will be inclined to support your business if you are in their community.