This year, it looks as if the busy spring real estate season extends beyond the residential arena.
Latest reports show commercial property sales on the rise throughout the nation—and
in volumes that make it one of the main contributors to the overall economic upturn.
The most reliable data comes from the National Association
of Realtors®, whose
latest quarterly survey shows year-over-year sales increasing a full 11% (with prices
rising 4%). It’s an encouraging backdrop for businesspeople and individual
investors who are gauging the opportunities in today’s New Orleans commercial
property market. Despite the vagaries of the tax and political climate (it is an election year, after all), with
rental rates increasing and leasing activity up across the nation, the market does
invite a closer look by anyone considering a fresh entry into New Orleans’s commercial
property arena.
While working with a buyer’s agent to find and purchase a New
Orleans commercial property isn’t an absolute essential, it certainly can be
more efficient to have professional assistance and guidance throughout the
process. When you choose a Realtor
who has specifically commercial experience in New Orleans, you make the same
kind of choice as when you seek expert help in any other area of your business
or personal endeavors—an expert’s insight can be priceless!
Whether you are
buying or selling a commercial property, it’s also important to avoid fixating on
short-term impacts. Today’s cash flow may be your leading financial factor, but
balancing with the long-term impacts is a juggling act worth mastering. Buying
or selling a commercial property has long term impacts that spread out well
beyond this year’s bottom line. Don’t hesitate to discuss your current business
model with your accountant or tax professional. They are sure to have concrete
ideas about potential impacts that will be quite real five and ten years from
now. The right commercial property in New Orleans will be one that is able to accommodate
your needs both now and into the future.
With the right agent and clear-cut financial goals, your
search for an New Orleans commercial property can result in the best financial
move you make this year—or for many years to come. If you’re weighing the value of purchasing a
commercial property or placing your own for sale, call me to open the
discussion about the opportunities in today’s market.
Terez Harris NOLA Real Estate Group
(504)297-2619
Harris.Terez@gmail.com
Keller Williams Realty New Orleans 8601 Leake Ave. New Orleans, LA 70118 504-862-0100
Each office independently owned and operated. All brokers licensed in the state of Louisiana.
No comments:
Post a Comment