Is the market in Commerical Realestate?
Thursday, January 26, 2012 – 8:52 amIssue by Paris: Is the industry in Commerical Realestate?
im asking result in of the financial system…
i have my license im a LA but its sluggish…so wherever what ought to i do following?
is it all about Industrial?
Best reply:
Solution by RealtorV
Industrial isn’t really performing significantly much better right here! The vacancy rates are crazy. I just seemed and there are really couple of pending industrial deals. Tons of listings and not a great deal of them closing. The Better Chicagoland area. The very hot market below is REOS and quick income. Go after them!
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One Response to “Is the market in Commerical Realestate?”
When you say La – do you mean Los Angeles or Louisiana?
Is your goal to work full-time with a commercial brokerage, or to continue working with your current residential company, and dabble in commercial??
If it’s the latter and you are in a large market, like Los Angeles, it’s probably not so easy to do. In large markets, brokers often specialize in a specific area, like office, industrial, retail, and then within that you have leasing and sales.
If you are in a small market, it’s probably easier to do a little of everything both on the resi side and commercial side.
Just on a personal note, in my market (Philly), residential agents trying to tap into the commercial market because the resi market is slow are not viewed upon too highly by commercial brokers. They often don’t understand the mechanics of a commercial transaction….also, the feeling is when the commercial market is slow you don’t see commercial brokers trying to sell houses.
My thought is – if you have an interest to work in commercial, do commercial, but don’t just do it because you are buying time until residential picks up again.
By Philly Broker on Jan 26, 2012