We just looked at our booked sales through May and compared them to last year's numbers. We are 325% over last year at this time! Even taking out our biggest sale leaves us way up from 2011. It's unusual for commercial sales to rebound with or before residential, but that does seem to be happening.
There will still be time to buy or lease before prices really start to rise, but that time is clearly coming, since very little was added in the way of new space in the past decade. So, if you have space needs, fill them now, or don't complain when you can't do it, or do it at the same price, next year!
Showing posts with label prices. Show all posts
Showing posts with label prices. Show all posts
Thursday, June 7, 2012
Tuesday, February 28, 2012
Timing a Sale or Purchase
As I think we all know, it almost never pays to try to time some financial event exactly, be it a stock sale or a real estate transaction. The most we can hope for is to get close enough to either the top or the bottom of the market, depending upon whether you are buying or selling, to feel good about your decision.
Well, when it comes to the real estate market, people have been trying to pinpoint the bottom of this particular cycle for years now. We may not be at the absolute bottom for demand and prices--in fact, I think that we are slightly past that point--but we are close. So is it time to sell?
Well, when it comes to the real estate market, people have been trying to pinpoint the bottom of this particular cycle for years now. We may not be at the absolute bottom for demand and prices--in fact, I think that we are slightly past that point--but we are close. So is it time to sell?
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