What a difference a decade makes. It was 2008 and the flex industrial real estate market was not exempt from the same exposure as the mass market. The exposure was the result of financial markets in complete turmoil. Consequently, flex industrial inventory was robust and many sellers were happy with any offer at all as the ability to finance such investments was very limited. Basic economics of supply and demand diminished values greatly. All new projects and developments were scraped and most in the industry were simply trying to survive. (more…)
Brokerage (5)
As the lease expiration date approaches the eighteen-month mark, tenants should be thinking about their future plans to make the most of your lease renewal negotiations. It is important to allow enough time to evaluate the market so that you can make the decision that is best for your business. (more…)
July 17, 2017
Open House: Office Space for Lease @ 236 Brodhead Road
Mike Capobianco, SIOR /
Brokerage
You’re invited!
With current vacancy rates for commercial and industrial properties being at an all-time low, the incidence of holdover tenants occupying their units beyond the contractual expiration date of their lease is much more prevalent. Institutional landlords (REITS) already have provisions in their leases that address this issue. However, private landlords are often unprepared for dealing with tenants who stay beyond their lease expiration date.
Every commercial-industrial property sale includes a due diligence period prior to the settlement date. More often than not, the buyer finds structural defects or mechanical systems issues that require repairs or remediation. That’s when the negotiation begins as to how to remedy the potentially costly problem. The seller is anxious to move forward towards the settlement. Often, the solution to the problem is to reduce the selling price to cover the cost of repairs or remediation of the property. You’ve sold your listing short.
