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Oct. 5, 2017

Commercial real estate in Philadelphia

The act of buying real estate is no laughing matter. It is costly and involves commitment on your part. As most business owners would tell you, proper planning is a vital requirement here. Going at it haphazardly could easily lead to a host of problems.

This article presents a couple of useful tips to help you facilitate a successful commercial real estate deal in the city. It mostly delves into the things your business needs to prepare for. It also explains the role of a commercial real estate firm in this enterprise.

Commercial real estate in south Philadelphia

Despite the rise in real estate costs in recent decades, Philadelphia business owners still understand the fact that they would still be much better off buying the properties directly rather than pouring money down the drain through rent. This is basic fact that does not escape South Philly entrepreneurs.

Investing in properties is always the smarter decision. Instead of facing rent increases, property owners will benefit from the continuing rise in their property’s value. There also things renters simply cannot do such as deducting the value of mortgage interest from company taxes.

Commercial real estate agents in Philadelphia

Of course, being successful in such an enterprise still takes a lot of skill. Luckily, we have some tips that could prove useful if you wish to acquire commercial real estate in the area of South Philadelphia.

  • Familiarization - Understanding the dynamics of local real estate market should be your first priority. Before anything else, the first thing entrepreneurs should pay attention to is the local codes and laws that apply to the property’s locality, in this case, Philadelphia. This is vital as every local market will have its own land inventory, tax rules, and environmental codes. In addition to this, you should also start looking at the possible supply of skilled labor for the construction project you will most likely undertake.
  • Budget - All real estate deals are essentially practical matters. That is why you should always look at your budget before signing the dotted line. You should have a realistic amount in mind that also accounts for other miscellaneous costs that may later arise.

Remember, many real estate investments ended belly-up due to improper planning. This is seen mostly through inadequate financing. In addition to this, inefficient layout could also easily create unexpected costs during construction. Of course, there is also the matter of the city’s environmental codes that one has to strictly follow if one wishes to avoid lawsuits.

Luckily, there are many commercial real estate agents in the city of Philadelphia to help you deal with the details. Hopefully, they will prove helpful in your search for the perfect space.

Commercial real estate firms in Philadelphia

For the uninitiated, real estate deals can be rather overwhelming. This article presented some of the basic principles that Philadelphia entrepreneurs should take note of. Make sure that you consult with a reliable real estate firm before you go forward with your plans. Remember, the key to success is proper planning.

Posted in Properties
Oct. 5, 2017

Philadelphia Commercial Real Estate Listings

Enterprising individuals are often on the hunt for the next great investment opportunity. That is why it is worth noting that the real estate industry has always been one of the risk-free options for the business community. Despite the housing bubble crisis in the past decade, the Philadelphia commercial real estate remains strong and unfazed.

That being said, we highly recommend that you think about it long and hard. After all, you cannot go into a business deal half-cocked, regardless of the nature of the business. Instead, you have to ensure that you are ready and that you have all the tools you will need available to you.

This article seeks to teach that valuable lesson. So, pay close attention and you might just learn something interesting.

Philadelphia Commercial Real Estate Appraisal

So, you have a piece of property in mind that you want to acquire or put in the market. That is perfectly understandable. In fact, with the current state of the market today, it may just be the smartest move that you can make.

However, before actually investing your money or putting your property up for sale, there are a couple of things you have to do first. For instance, if you are looking to buy property, you have to come up with a realistic figure of how much money you are willing to spend.

Conversely, if you are looking to sell your property, then you have to get it appraised. This is so that you know how much your property is actually worth. This information is vital if you truly want to make the most of a real estate deal.

Philadelphia commercial real estate agents

Once you have the value in your head, the next move would be to bring in a commercial real estate agent to help you with the task. Competence, effectiveness, and efficiency are all important qualities for an agent. So, make sure to perform background checks and rigorous research on their work history beforehand.

Philadelphia commercial real estate trends

The commercial real estate market in Philadelphia is showing positive signs of growth. It is up to you to make the most of it.

Posted in Properties
Oct. 5, 2017

Philadelphia Commercial Real Estate Events

The commercial real estate industry is alive and well in the city of Philadelphia. In fact, just recently, the 2nd Annual Philadelphia Real Estate Capital Markets Summit was concluded. This summit is a gathering of the industry leaders under one roof so that we can all get together and talk about the future of the business. It was held at the Hilton Hotel just off the Philadelphia City Avenue.

Commercial Real Estate Events in Philadelphia

The guest list for the event was a veritable A-list of industry pioneers from the different real estate companies all over the country. They spoke on a wide range of different of topics from a general overview of the investment types most favored in Philadelphia to the most effective ways to raise equity. More importantly, the speakers touched on the predictions and possible trends that could become apparent in Philadelphia’s real estate industry.

As they progressed, the talks focused more and more on the role of banks in the overall operation of the real estate business. Speakers discussed the alternative financing solutions one can use for Real Estate deals as well as the different ways these solutions can become institutionalized financing options.

Real Estate Event in Philadelphia

Of course, the talks also focused on the many different ways the industry can better engage its target market. One speaker focused on the potential of Bridge lending. He posited it as one of the possible debt solution for Borrowers.

There was also a great deal of talk regarding the potential of new investment techniques that makes use of multiple sources of capital. In particular, it seems many industry leaders have become intrigued with crowd funding. After all, this technique has proven itself to be quite useful not only in the tech industry but also in other fields.

Philadelphia Real Estate Events

Commercial real estate events such as this one almost always have a significant impact on the industry itself. Needless to say, a whole lot was discussed during the whole-day conference. If you want to find out more, then we highly recommend that you attend the summit the next time it convenes.

Posted in Properties
Oct. 5, 2017

Philadelphia Commercial Real Estate Trends

Trend reports, when taken individually, can be misleading. This is because the data it shows can only provide an incomplete picture. However, when examined over an extended period of time, these individual trends show an unquestionable truth backed up by real data.

We refer to these accumulated trend reports when we say that that the Philadelphia commercial real estate market is showing positive signs of recovery and growth. In fact, it can even be argued that it has completely gotten over the effects of the past economic crisis that has virtually decimated most urban real estate markets in the last decade.

Of course, the question that needs to be asked is: what does this trend mean for local businesses in Philadelphia? This article seeks to shed some light on that particular question.

Philadelphia commercial real estate market trends

A vibrant real estate market for entrepreneurs in Philadelphia essentially means they are sitting in a gold mine without having to do much. As you know, the prices of most real estate in many cities across the country virtually nose dived after the real estate bubble burst. However, in the years that followed, it seems that Philadelphia is one of those major urban centers uniquely positioned to rise to the top of the heap.

Market values are on the rise once again and it presents enterprising business owners with a unique opportunity. By getting in on the action now, you stand to make a significant profit in the coming years as the value for commercial real estate continues to rise.

Philadelphia commercial real estate market report

It is a commonly held belief that real estate is one of the risk-free businesses. With the recent resurgence and the value for commercial real estate in the city continually rising, it seems this old adage has been proven true once again.

Trends for Philadelphia Commercial Real Estate

Business leaders got to their position by minding the signs. We highly recommend that you do just that with the commercial real estate market in Philadelphia. By investing now, you have the chance to receive a significant return in the future.

Posted in Properties
Oct. 5, 2017

Philadelphia commercial real estate agents

As most entrepreneurs understand, location is a primary factor in the success or failure of any business. In that regard, a reliable broker is indispensable as they will be primarily responsible for ensuring that your business gets the best possible space.

This article presents readers with a basic guide on the things you have to lookout for when interviewing possible candidates.

Philadelphia commercial real estate broker

Philadelphia commercial real estate agents perhaps get the least credit when it comes to weathering the storm after the real estate bubble burst less than a decade ago. They are essentially the unsung heroes who kept at it despite the unfavorable market conditions.

A real estate broker essentially acts as your agent during your search for the perfect space. That being said, it is vital that you get the broker who can effectively meet your needs. More importantly, they must be able to deliver on their promises.

In order to be sure of these things, we highly recommend that you research your candidates extensively. This means asking for references, talking to past clients, and looking for online reviews. By doing these things, you should have a clear idea on exactly what it is a particular broker is good at.

Commercial real estate agents Philadelphia PA

Aside from client feedback, the next thing you need to know is an agent’s expertise. After all, the real estate market is subdivided into several niches and subcategories. You need to find out which types of property they are familiar with. This is an effective way to tell which aspect of the real estate market they excel at.

Aside from that, you may also need to ask them upfront about their fees. This will greatly affect your decision on whether you want to work with an individual broker, a small firm, or a big real estate company. After all, business matters often come down to matters of practicality.

Commercial real estate agents in Philadelphia

Your choice of location will eventually have an impact on how your business takes shape. Make sure that you ask around and do the necessary research to find the real estate agent that can perfectly meet your business needs.

Posted in Properties
Oct. 4, 2017

Philadelphia commercial real estate blog

Most urban centers have ridiculous property prices. This often serves as a major hindrance for businesses that are just starting out. Luckily, entrepreneurs looking to make the move to Philadelphia need not worry as the city is known for its exquisite property values and lively real estate market. You will surely have no trouble finding the right space for your business.

Of course, to avoid all the hassles that come with space-hunting, we highly recommend that you bring in a real estate company that knows the city and the dynamics of its real estate market. With the right firm by your side, you should have all the help you will need to make your move to Philadelphia that much easier.

Philadelphia Commercial Real Estate Firm

It would please entrepreneurs to know that there are plenty of commercial real estate firms to choose from in Philadelphia. They also vary in terms of size and capacity. Surely, you can find the firm that can perfectly address your needs whether you are looking for the personalized touch of a small real estate firm or the efficiency of a larger one.

Philadelphia Commercial Real Estate Company

Before deciding which firm you want to hire, it is vital that you take a good look at their resume first. You will need to have a clear idea of which part of the real estate game they excel at. For instance, is the firm known for the wide array of choices they provide? Or maybe they are known for the level of dedication and service they provide for their clients? Whichever the case, it is vital that you understand both the strengths and weaknesses of the company you plan to hire.

Commercial Real Estate Blog

Of course, finding the right firm is often easier said than done. Yet, we cannot overstate its importance. After all, the firm you hire will inevitably have a direct hand in the final outcome of your move to the city. Luckily, checking a firm’s reputation and expertise has been made so much easier nowadays. Make sure that you follow Philadelphia commercial real estate blogs and look for client reviews.

Posted in Properties
Oct. 4, 2017

Philadelphia commercial real estate firms

With the current state of the Philadelphia commercial real estate market today, we highly recommend that prospective investors find a firm that they could trust. They will acting as your representative and broker so that you can get the best possible deal.

Of course, finding the firm that is right for you is often easier said than done. That is why readers should best pay attention as we provide a handy guide on the things to look for when comparing the different commercial real estate firms in Philadelphia.

Philadelphia commercial real estate companies

One of the best things about Philadelphia is that it is home to many of the top real estate brokers in the country. This means that you will have no shortage of choice, and that’s a good thing, especially for the prospective investors.

You have the option to go with a smaller firm or with a bigger company. Keep in mind that both these options have their own set of advantages and disadvantages. For instance, a smaller firm essentially guarantees that your account won’t be lost in the shuffle as they tend to take a more personal approach with their clients. Conversely, larger firms will inevitably have more resources on hand, essentially giving them the upper hand in terms of efficiency and delivery.

Top commercial real estate firms Philadelphia

Of course, there are a lot of things you will need to consider before actually choosing the firm that is right for you. One of the most important things you have to know is the standard compensation practice used by the firm.

It may surprise most people that firms make use of a commissions system. This means that their brokers are not salaried. This means that there is a pressure for the brokers to be as efficient as possible. This means faster results and faster returns on your investment.

Philadelphia commercial real estate appraisal

Needless to say, you have to be diligent if you wish to find the firm that is right for you. Once you have done that, make sure to get the property appraised as quickly as possible.

Posted in Properties
Oct. 4, 2017

Philadelphia commercial real estate news

If you are looking for a bit of good news about the commercial real estate market in Philadelphia, then you would be glad to know that it is definitely showing signs of recovery. As anyone following the world of finance would know, this is tremendous as it represents a major step forward for a city that was hit hard by the last real estate bubble.

The city of brotherly love is definitely on the rise once again. At first glance, this may seem like a dull bit of news, but trust us, it is important. This article seeks to explain to readers why they should be excited with the latest developments in the Philadelphia commercial real estate market.

Commercial real estate news in Philadelphia

As you may well know, just a few years ago, the prices for real estate were at an all time low. In a short span of time, the city of Philadelphia made a dramatic turnaround and property value started to rise once again. The resurgence of the commercial real estate market in Philadelphia is good news both for prospective buyers and sellers. Needless to say, it gives everyone ample chance to make a nice profit along the way.

Commercial real estate Philadelphia

If you are looking to make the most of this prime opportunity, then the first thing you need to do is to hire a reputable real estate broker. You can go to an established firm or to an esteemed individual who knows what they are doing.

It is vital that readers understand the sheer importance of this. Finding a property yourself is hard enough, not to mention sorting out the legalities and final details of the deal. By having the right broker by your side, you will surely have no trouble making the most of it.

Philadelphia real estate news

The market trends speak for themselves and it would be best if you paid close attention. Make sure to always stay tuned if you wish to find out more about the latest news and stories from the Philadelphia real estate market. Moreover, you need to always be ready to invest when the opportunity presents itself.

Posted in Properties
Oct. 4, 2017

Philadelphia commercial real estate market

The commercial real estate market in Philadelphia has experienced a noticeable resurgence in the past couple of years. This is overwhelmingly positive news especially when you take into consideration the great crash of 2008 which pretty much leveled the entire housing market.

Needless to say, this presents entrepreneurs with a chance that should not be missed. Now is the time to make an aggressive move on the market as prospective investors will be looking to make the most of this prime opportunity early on.

Philadelphia commercial real estate market trends

The trends for the local real estate market show one definitive truth: that it is well on its way to its optimal form. Of course, a cursory understanding of how markets work would tell you that prices won’t stay down forever.

Remember, real estate is essentially the business of space. It is one of those things that people will always need in one form or another. Whether they are looking to build their dream homes, a place to do business, or a venue open to the public, the demand for space will always be great.

Philadelphia commercial real estate market report

Still unconvinced? Think about it really quickly. If you think the properties lost during the last real estate crash disappeared afterward, then you would be greatly mistaken. Instead, enterprising real estate developers made the most of a bad situation. They flipped properties at a bargain prices and made their money back.

The same general principle applies here. The current situation in the real estate market in Philadelphia presents a similar opportunity to entrepreneurs willing to absorb the risk.

Commercial real estate market in Philadelphia

Thinking of investing in the Philadelphia commercial real estate market? That is a smart idea based on the general feedback of the business community alone. Of course, while you have the option to do it yourself, it is always a better option to explore investment opportunities with someone who knows exactly what they are doing.

In this case, the smartest thing to do would be to partner up with a reputable Philadelphia real estate company.  This way, you know that you are in the right hands.

Posted in Properties
Oct. 4, 2017

Philadelphia Real Estate Companies

The real estate slump has long since passed. Now, cities like Philadelphia serve as the shining beacon for the real estate market’s renewed vitality. That being said, it is wholly unsurprising that both buyers and sellers are making a killing in the market.

However, by no means does this mean that you should get into the deal blindly. Remember, the basic rules of business transactions still apply to real estate deals. Of course, finding the right company for your needs is often easier said than done. Luckily, this article will help with that by providing readers with a couple of tips on what to look for in a Philadelphia real estate company.

Real estate companies Philadelphia PA

The thing readers need to understand is that broker’s experience is a major concern. After all, companies specialize in a certain aspect of the real estate market. That being said, you have to be upfront with the type of property you are looking for.

For instance, are you looking for something residential or commercial? Of course, no two spaces are the same. However, you need to find a Philadelphia company that has experience dealing with real estate deals of the same sort.

Top real estate companies in Philadelphia

It is also vital that you take a look at the size of the firm. More often than not, the bigger firms are better equipped and have more tools at their disposal to get you the property you want. However, this does not necessarily mean that bigger means better. At the end of the day, it all comes down to matters of practicality, after all.

This is because you will also have to work with a realistic budget. Again, real estate development is a matter of business. You simply cannot overspend on an asset. The returns are your primary goal. That being said, prospective investors will need to find a reliable Philadelphia real estate company at an affordable price.

Philadelphia real estate assessment

Before you do anything, it is vital that you properly assess all the options available to you. Look for recommendations, ask around for referrals and make sure that you compare the different firms before actually choosing one.

Posted in Properties