January 23, 2017

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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