Urban centers throughout Massachusetts and other states are constantly undergoing gentrification. Gentrification, the process by which old buildings can be rehabilitated with the goal of drawing more affluent people, can certainly help with renewing existing neighborhoods. However, it can also pose hurdles for you if you are a commercial real estate owner in the Bay…
Commercial real estate remains popular among investors
The economy remains on an upward swing throughout the United States, including in Massachusetts, and with that comes a robust property market. This is particularly true for commercial real estate. It is excellent news for those who are interested in engaging in commercial property buying and selling this fall. One of the main reasons the…
Coworking space in limelight of commercial real estate market
It is no secret that retail companies are having a hard time in the current property market in Massachusetts and elsewhere. However, shopping mall owners are being creative by filling their empty stores with brand-new offices. After all, coworking is becoming a major trend, with coworking companies branching out in the commercial real estate market. Right…
Finding the right commercial real estate leases can be tricky
Finding space available for lease is not a straightforward process that can be completed simply by searching the World Wide Web alone. Commercial real estate leases are a lot more complex, with what seems to be a great deal on the surface potentially turning into a costly nightmare. Here are a couple of important things to…
Land ownership may be lucrative commercial real estate area
Owning nonresidential property can certainly be lucrative for an investor in Massachusetts. For this reason, many investors purchase vacant land with the intention of eventually building commercial buildings on it. Then, once their properties are erected, they can generate money from it in the form of commercial real estate leases or simply sell the property. In…
Commercial real estate selling mistakes can be costly
Selling a non-residential property can no doubt be tricky in Massachusetts. In some cases, the issues that crop up during a commercial real estate transaction are beyond the control of the seller. However, in other cases, these issues stem from the seller’s mistakes. Here are a couple of common mistakes that sellers make when selling commercial…
Commercial real estate will likely see changes due to blockchain
Cryptocurrency no doubt has been unpredictable in recent months. However, several commercial real estate brokers are making a prediction about cryptocurrency that very well could come true in the next decade: It will change how real estate transactions are handled in the future. For this reason, many real estate brokers in Massachusetts and elsewhere are…
Commercial real estate lending standards lighten up
The business property market is no doubt competitive in Massachusetts and other states with major markets. However, investors who want to get their feet wet in real estate may now receive a little help from banks. Banks apparently loosened their commercial real estate lending standards recently, which may make it easier for more people to…
Commercial real estate makes sense for first-time investor
Some experts suggest that commercial real estate in Massachusetts and elsewhere can be a perfect opportunity for the first-time investor. The time to make such an investment, however, would be when there is no need for the invested funds to become liquid for at least a few years. Just like in the stock market, the…
Massachusetts commercial real estate property for sale
A large Main Street building in Massachusetts is currently on the market. The sale price is $4.8 million. The commercial real estate property is technically three separate buildings that ended up being combined several years ago. The Massachusetts building for sale houses multiple businesses, including a bureau that provides services to small businesses. The owner…