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The time has never been better to invest in Commercial Real Estate. The following are facts that make it inviting:
1. Current supply of low cost money 2. Availability of product, (which I will point out below). 3. Very good cap rates. 4. Good areas in Southern California and Nevada.
The following are the most desirable products available. 1. Multi-Units/Apartments 2. Retail/Shopping Centers 3. AAA Single Tenants, (Wallgreens, CVS, ETC). 4. Strip Centers.
The following are some statistics about the market.
1. The apartment vacancy has declined with the slow down in the Housing Market. 2. With the power centers and strip centers the vacancy has been reduced. 3. The AAA tenants are on an expansion especially in the Pharmacy Business, and Restaurant Business. Overall the growth has been fantastic in the inland empire in the following Counties:
1. Riverside 2. San Bernardino 3. Los Angeles 4. Orange 5. San Diego In addition the Commercial Market in Las Vegas is strong as the Retail is catching up with the housing expansion in the Clark County Growth.
If you are in the market to buy or market your properties the opportunities are out there. For a comprehensive review of your needs please contact me at any time.
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