There will be $300 to $310 billion in office and industrial construction in the 4th quarter. This is up from the $296 billion in the 2nd Quarter. Absorption total for these two commercial sectors is projected to be 70-90 million square feet in the 4th quarter. These are remarkable numbers regardless of who is counting.
A recent RCA Report had these predictions and comments on the investment real estate outlook now and out to 2010. The good news....relatively stable CAP rates and strong capital flows should keep prices up for the next few years. A quote from the article indicates that "For the first time in a long time, real estate is priced right relative to interest rates."
To make the right impression and obtain the loan you need, it may be important to be aware of some common mistakes people make in obtaining a commercial real estate loan. Here they are. 1. Not thoroughly researching you options; 2. Not selecting the best lawyer; 3. Failing to have a definite plan; 4. Failing to have a business plan; 5. Not having cash ready to put into the purchase; 6. Not reviewing you balance sheet first; 7. Failing to negotiate the best deal; 8. Going straight to a familiar lender; 9. Not checking with the SBA; 10. Not having you ducks in a row. If you want to read the whole article, go to the www.allbusiness.com site.
My father used to tell me that 95% of the people you ask: "What do you want?"....cannot tell you in three sentences or less. When it comes to individual intestments for individual investors we are wondering what you want. We want to hear from you. Please tell us in -- 3 sentences or less -- what you want. That is, what is the specific real estate investment property -- or the specific service/information you want most as an individual investor. Can you? In 3 sentences or less?