Law Office of Henry B. LaTorraca Civil Trial Attorney

Timing might be right for selling commercial real estate

Owners of commercial real estate who are waiting for market conditions to improve in California before selling their property might be interested in learning that analysts are predicting that overall improvement in the real estate market from the conditions that existed after the collapse in 2008 might have reached their peak. Waiting longer for real estate values to improve could be unproductive.

Property location appears to have a bearing on the degree to which the economic recovery has helped owners of commercial real estate. For example, the demand for office space is stronger in central business areas, with higher rents than in suburban locations.

Likewise, retail commercial real estate in metropolitan areas remains strong and not as affected by competition from Internet retailers as are businesses in other locations. This is not to say that some segments of the real estate market are not doing quite nicely.

The dollar value of commercial real estate transactions in 2015 came close to matching the $461 billion total from a year prior to the collapse. Leading the way in market value was commercial real estate containing either apartments or offices. Analysts believe demand for residential apartments and commercial offices will keep these segments of the market strong with continued interest from buyers keeping sellers busy with real estate closings.

An analysis of economic conditions may cause some owners of commercial real estate to be forced to make decisions about keeping or selling the properties they currently own. An attorney with knowledge and experience in contract negotiation and real estate closings associated with commercial real estate transactions might be a good source of legal advice and guidance for developers and owners about title disputes and other issues that could arise.

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