December 16, 2016
The biggest expenditure you’ll probably have while running a company will be in real estate. So it’s important that you do your research and utilize all available resources so as to ensure you make an informed decision. That refers not only to the office itself, but also how you plan to pay for it. That is, whether you want to buy it or lease it. Unfortunately, the answer to this question is not as simple one may think. There are too many variables at stake. Nevertheless, with such an expensive undertaking, it’s always a good idea to read up on current events, and more importantly, to surround yourself with folks who can show your ropes. That’s where Rakow Group, a lease commercial property Westchester NY company with over thirty years of experience comes into play.
A general rule of thumb when deciding whether to lease or buy commercial property is to first have a look at the state of the economy. How has it been leading up to this point, how is it now, and most importantly, how do you, and the experts of his industry, project it being in the years to come? That refers not only to the local, or even the national economy, but the global economy. Remember that buying real estate should be seen as an investment. Similarly to home real estate, the greatest advantage to making a purchase is that property’s value will grow. That is unless the industry, and more broadly the economy as a whole is showing signs of volatility.
Well it just happens that volatility is precisely what we’re getting at this current juncture. We are going to be seeing a lot of big changes in the way things are done this year. And that will most certainly reflect on the commercial real estate (CRE) industry. We can’t know for sure how placing tariffs on companies who send jobs overseas will affect the economy. But it’s in this unpredictability that we get less investment in all industries, including real estate. In a volatile market, growth is uncertain, which in most cases implies that renting is the better option. The worst case scenario, which is that the value either remains the same or drops, meaning you end up losing money instead of gaining, is beginning to look more likely.
Of course, let us not forget, however, accurately predicting whether you’ll turn a profit from purchasing commercial real estate as as much a science as it is an art. You can crunch all the numbers you like, but at the end of the day, you’ll have to come to terms with the fact that you are making a prediction. And that there’s no real way to know how the future will play out. That’s why the best thing that you can do is to speak to the people who the industry best. The professionals. Rakow Group has over 30 years of experience delivering the best deals to clients. Learn more about our lease commercial property Westchester NY services by calling our office at (914) 422-0100.
April 20, 2018
Every year brings new changes in the commercial real estate marketplace. If a market was hot last year, it might have lost its luster and be overbought the next. Staying on top of the latest trends in the commercial property for sale marketplace is key to finding good deals and creating big returns. Finding the […]
April 5, 2018
Rick Rakow, who has dedicated nearly 20 years of service to feeding the more than 200,000 residents in Westchester County who are hungry, will be honored by Feeding Westchester, the county’s leading hunger-relief organization, on April 13th at Tappan Hill Mansion in Tarrytown, NY. The organization will also be celebrating its 30th anniversary at the […]
March 22, 2018
Commercial property is a very diverse and intriguing option for investors or businesses looking for places to house their companies or opportunities to make some nice profits. It includes several different types of property, each with their own unique set of characteristics and advantages. If you’re seeking commercial property for rent or sale, it’s a […]
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