Blog

What is a Broker Opinion of Value (BOV)?

,A crucial instrument in the field of Commercial Real Estate is the Broker Opinion of Value (BOV). A licensed broker's professional estimate, or BOV, provides a basic grasp of a commercial property's market value. While BOV does not replace a formal appraisal, it does...

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What are Industrial Rental Rates Doing in Your Market?

Written by Ken Stark In Q3 2023, Northern Nevada's industrial market exhibited resilience with moderate tenant demand and consistent deliveries. Vacancy rates stabilized at 4.6%, a welcome change after dipping below 1% in 2022. Direct asking rents experienced a slight...

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Seller Financing in a Tighter Credit Market

We are all hearing the news about commercial loans becoming a potential problem over the next few years and a direct result of over-leveraged lenders is a tightening of new and future loans.  One of the best solutions may be Seller Financing. Seller Financing offers...

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Commercial Real Estate and Economic Development

The production of jobs, tax income, and general economic growth are all directly impacted by commercial real estate, which is essentially all properties to do business. A pro-business market can entice investors and businesses while also supplying the necessary...

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What is Commercial Real Estate?

Commercial Real Estate is real estate where the principal purpose is to do business.  This includes Retail, Office, Industrial, Medical, and Land.  Where some people might get confused is that Multifamily & Health Care Facilities are also considered Commercial...

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Opportunity Zones in Commercial Real Estate

Opportunity Zones refer to particular geographic locations that the government has identified as being in need of more investment due to their economic distress. By offering tax benefits to investors, the goal is to promote economic growth and the creation of jobs in...

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The Importance of Due Diligence

With any purchase involving commercial real estate, it is essential to do proper Due Diligence. In this process which is usually set in a Commercial Purchase Agreement before the earnest money deposit goes non-refundable, a property's physical condition, financial...

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Should I Lease or Purchase Commercial Property?

The choice between leasing and purchasing commercial real estate depends on a number of variables, including the type of business, location, and financial status. While leasing gives you more flexibility, lower up-front costs, and maintenance responsibilities, you...

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Current National Multifamily Update

In the past quarter, multifamily national vacancy rates have risen to 6.7% and rental rates have begun falling across the country, and there are three key reasons for these changes. Firstly, the COVID-19 pandemic has led to an increase in remote work, causing many...

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