Law Office of Henry B. LaTorraca Civil Trial Attorney

Commercial real estate value on the rise in April

California investors who are looking to add commercial real estate to their portfolios may be interested to learn that in April, nationwide CRE valuations increased compared to the value at the end of 2015. It was also a 7 percent increase over the previous April.

However, not all commercial real estate sectors are improving equally. Hotels continued to decline for the sixth month in a row. Annual growth is sluggish and demand is lower than supply. Apartments are doing the best. They gained 1.8 percent in April from the preceding month. Retail was up 0.9 percent in April and 9.4 percent compared to April 2015. Offices gained 0.7 percent, but this is only 2.2 percent higher compared to the previous April. While the industrial sector did not gain much in April, with only 0.4 percent, it is up 16.4 percent compared to a year ago.

The data is based on a pricing index developed by Ten-X. It predicts commercial real estate pricing by looking at investor surveys, data from Google trends and its own proprietary transaction data.

People who are considering investing in real estate may want to consult an attorney whether they are doing it for the first time or are more experienced. Commercial real estate law can be complex, and it may also change over time. An attorney may be able to keep abreast of these changes and advise accordingly. Furthermore, the potential issues that arise in commercial real estate can be extensive. One example might be a dispute with a contractor who has not completed work in time or who has done substandard work. A case like this might result in construction litigation, and the building owner might want to work with an attorney to try and resolve the dispute.

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