Posted on July 9th, 2007 by D. Scott Smith
I get asked this question almost daily. In short the root of the question is what is a good buy in the market right now. Most often the answer is not what anyone expects. Most people expect me to say what they have already heard around town. That is rarily what is the best investment in the market currently. Why? Simple. Supply vs. demand. As demand for the asset goes up, so do the prices, bringing return rates down. For example, multi-family properties. Right now in our market, they are HOT, too hot. The national average for a multi-family cap rate right now is 5.5%!!!! Still, I have more requests for multi-family units than anything. So I tell people to stay away from multi-units. As the condo’s can’t sell and get converted into multi unit rentals, you can expect pretty much the same. I mean the developers have to make some money some how right?!?!?!
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What commercial real estate is a good buy?
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Filed under: Industrial, Investments, Retail / Shopping Centers
Posted on February 13th, 2007 by Jennifer
Here is a story we found quite interesting in the Baltimore Sun.
http://www.baltimoresun.com/business/realestate/bal-legg0213,0,1699424.story?coll=bal-home-headlines
We think this is terrible. It is going to bring the office ratio in Baltimore City way up and it will mean a lot more vacant space in downtown.
What do you think? Let us know with the comments button below.
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Filed under: Business News, Industrial, Office Buildings
Posted on February 2nd, 2007 by Jennifer
We are hoping to have this for an annual event, so entry turn out is needed. Tell your friends, we are calling it the Golden Shovel Award.
It will be given to the investor / developer / group that is considered the most ground breaking for the year. If you think you have the stuff to win, give it a shot and enter now.
To enter simply e-mail a minimum of 3 projects done within the last 12 months to 2007winner@mdcrei.com. These projects should be those that you would consider ground breaking. Projects can be of any size or type.
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Filed under: 2007 Golden Shovel, Development, General, Industrial, Institutional, International, Investments, Land, Muliti-Family, Office Buildings, Retail / Shopping Centers
