In commercial real estate, you will undertake a variety of presentations, in a variety of circumstances. Recent reports into rental prices of property such as office space show what a strong asset commercial property can be. Despite drops in rental prices for offices in London, prices for office space and industrial units to let in Manchester, Leeds and Birmingham are stable.
The new proposal would create a nine-member (the bill memo says seven”) rent guidelines board like the one that sets rent increases for apartments This board would set initial rents and then calculate yearly increases for retail and office tenants under 10,000 square feet; and for manufacturing tenants under 25,000 square feet.
Also the terms of sale for commercial property are not as regular or uniform as they are for residential property, and there are fewer laws to protect the owners of commercial properties from unscrupulous brokers, who may try to take advantage of them.
When thinking about the allure of the Commercial Real Estate Sector, that sizable transaction payment, the larger scale property ownership and applicable rents, whether buyer, seller, or transactional agent, sometimes we’ll cut ahead and lose sight of our starting point: Commercial Real Estate Analysis.
The Real Estate Executive Council (REEC, a national trade association established to promote the interests of minority executives in commercial real estate) and NAIOP Massachusetts (the local office of the Commercial Real Estate Development Association, formerly the National Association for Industrial and Office Parks), provided support to bring the student participants to campus.