The Best Commercial Real Estate in New Jersey

For example, there are three major commercial centers in the following locations:

1) Northern New Jersey: Right across the George Washington Bridge and the Lincoln Tunnel from Manhattan as well as the Tappan Zee Bridge making it a great location for proximity to New York but at a less expensive price.

2) Southern New Jersey: Right across the bridge from Philadelphia giving it a fabulous overflow from that city and state, again, at a more affordable price.

3) Atlantic City: A huge gambling and entertainment city on the Atlantic Ocean with casinos, hotels, restaurants and more all within walking distance of the center and connected by the Boardwalk.

Each location is near neighborhoods with good schools, clubs, shopping and everything else employees would need. Once you select your favored location, what amenities make any commercial real estate the best? The best commercial real estate buildings must set themselves apart from the other buildings nearby and make prospective employees attracted to the building as well as the business.

Exterior Features

When searching for excellent commercial real estate in New Jersey you should keep an eye out for the following factors:

• Attractive design
• Enough parking and access to public transportation to attract tenants with employees that need to get there
• Aesthetically pleasing landscaping to give the building curb appeal
• On the interior the best commercial real estate properties must have amenities like:

Interior Features

Some of the features that can be found in top-of-the-line New Jersey commercial real estate:

• Attractive lobby with plants and excellent building materials like marble
• Enough elevators that hold everyone during rush hour and get employees to their offices fast
• State of the art operational systems including, heat, air conditioning, water, and wireless Internet access
• Attractive, clean bath rooms
• At least one restaurant or café that can serve employees meals
• A bank on-site, or at least an ATM machine
• Workout room with TVs that employees can use to keep in shape.
• If it is a large building, day care facilities can be particularly attractive.

Neighborhood Features

Things to look for in the surrounding area:

• Off-site shopping and restaurants for employees or entertaining executives
• Convenient entrances and exits from major commute routes
• Nearby corporate parks to find a pool of employees

An example of a building with an excellent interior, attractive grounds, and excellent nearby amenities is the Mack-Cali Bridgewater I in Bridgewater, New Jersey. Attractive from the exterior with beautiful landscaping, it has won awards for its energy reduction efficiencies. The building is near several major routes for commuting, and other buildings in the nearby business corridor make it easy to attract employees and clients to this building.

If you have a great location with all the building amenities and services that can be provided, then you have found a perfect building for your company. New Jersey has so much to offer that whether you are near Manhattan, Philadelphia or Atlantic City – they all have the potential to be great locations for you business in New Jersey.

How to Invest in Commercial Real Estate

Commercial real estate investing is done by business people for profit. There is a lot of difference between the commercial business real estate investing and the other investment properties like agriculture, residential and industrial. Commercial real estate gives a long and stable income which makes it the most lucrative option. The initial investment in the real estate property is very low compared to the returns. Examples of these properties include retail outlets, office buildings, strip malls, restaurants, hotels, apartments, multi-family apartments and many others. There are wide varieties of options available for a person to invest in commercial real estate properties.

Commercial real estate purchases are similar to other properties. The system of the investment is same which is based on selling, buying and all other legal transfer procedures. However, before investing a person should see that how much percentage of return a commercial estate property can give. A person should always research in the market before investing in any property.

First of all, check out the location of the commercial property you are interested in. Then look at the nearby areas that may develop in the future. Also make sure that the commercial property you are interested is free of any legal action and that the title is clear. Do not rush to get any property – otherwise there is a good chance that you’ll end up in a deal that you regret.

For the people who are beginners commercial real estate, you should proceed with due care. It is always advisable to take suggestions from the experts who have experience. If you are low in your budget or choose not to hire a professional for advice, you have to spend the time necessary to collect information from all the sources available in the market.

Commercial real estate investing can be challenging and interesting, but profitable as well. More information on commercial real estate investing can be found in magazines, newspapers, and online. The Internet can be a good source to get information and other things related to commercial real estate investing. There are many websites which can provide you detailed and updated information on commercial real estate investing. Good luck!

Professional Real Estate Marketing For Business

The people involved in this property transactions include buyers, sellers, lenders, insurance companies, legal entities and buyer and seller real estate agents. Each of these professional groups may target the same clients with different types of services on offer. Property transactions involve a multitude of professional inputs to achieve successful outcomes. Buyers of property have different motivations and levels of economic strengths. This makes choices depended on personal or business circumstances. The various types of property offered cater for the varying purchaser needs.

Agents representing owners and purchasers of property target buyers and sellers primarily. Lenders are focused on the lending needs of clients involved in property dealings. Insurance companies provide all manner of coverage for owners of property. They very often place emphasis on their low rates relative to competitors.

Non electronic advertising includes mass type mailing to targeted residential areas. Many real estate agents holding listed properties open on weekends for buyers and sellers also use these functions as lead generators. Other more traditional forms of advertising include contact information and business promotion advertised on vehicles. Many also use printed media outlets which may the national, regional or local. Cold calling on the telephone can also be incorporated.

The twenty first century has seen a revolution in commercial, residential and industrial property advertising channels. One such channel many successful professionals harness is online advertising through websites. These websites can be developed to match client specifications by website programming entities and business concerns. The key is effectively targeting the provider of the services area of expertise to client needs in order to generate more business.

Websites come in different forms and are designed for different types of business providers of property related services. One common factor relevant to all websites is the professional design. These sites should be easy to navigate, have content that is relevant to the targeted searchers and have a compelling marketing message.

Social media services are fast becoming indispensable for a significant number of business entities providing property know how for the public. There are various and growing numbers of these mediums for advertising purposes. The most effective media outlet for each business or self employed entity must be investigated as competition exists. Standing out from the pack is always a key goal.

For professionals in the property business enhanced real estate marketing is vital. Traditional forms include open houses, referrals, bulk mailing to targeted areas and street signs. Many focus on the web centric ways of advertising. This includes the provision of websites with online search engine capabilities. The increased potential reach capabilities of web based self promotion makes this approach increasingly appealing. Whether more traditional or new innovative web based are utilized the generation of new leads and growing the business is paramount.

Real Estate at a Glance

Real estate is defined as doing business over land from housing and apartments to bringing up educational institutions, business establishments and for other purposes. Driven by factors like comfort and luxury, the common man has grown his thirst to make possible his dreams. Their thirst is pacified by aesthetic architecture of the buildings that promises of ultra modern lifestyle in a profound manner. However the land chosen should meet all the parameters from all perspectives. The businesses dealing in real estate differs from country to country. Occasionally it is supposed to be synonym with real property where the piece of land is improved by building fences, walls and apartments. ‘Vastu Sastra’ is also often taken into account while going for real estate, which is held accountable for a man’s health, wealth and prosperity.

In this field, Pune for example is one of the fastest growing city in many terms. It is in the outskirts of Mumbai and is very comfortable to live there in terms of climate. Cities like Bangalore, Pune, Noida also hold in them cosmopolitan nature where people from nearly all places have migrated for better prospects. With modern facilities and amenities, these cities are one of the fastest growing in terms of mushrooming of educational institutions and software industries. Further, these places also have high demand of Residential projects, Commercial projects, Office projects and Bungalow projects that have been taken into account and given due shape to make the dream of making it big in life come true.

The comfortable and amiable climate has also made people to mingle with the working culture of these cities. These cities make the place ideal to do business and hence render an opportunity to grow. With abundant green coverage and right proportion of population the cities are ideal place for the growth of real estate business. Here, the demand and supply values also go in hand in hand. This business is mushrooming and flourishing in the city, the available infrastructure is also getting better and better day by day.

The cities have prospered and so are its neighboring places which have given a boost to the demand of real estate. The demand is also gaining wide popularity because of low rates of interests provided by banks, keeping money in fixed deposits, stock markets variation and the huge returns on mutual funds. Further, the demand of real estate sector has also sky rocketed because of initiatives taken by Indian government which has allowed 100% FDI in the construction and development sectors.real estate property, commercial and residential property

Today, customers have a wide range of choices in real estate in terms of 1/2/3 BHK flats, classy malls, posh residential buildings and complexes, large multiplexes and 5-star hotels. These facilities & amenities have come up in the cities that offer a thrust to the real estate and a chance to blossom from the budding one.

Commercial Real Estate to Lease Vs Own

In my daily dealings with small business owners I see entrepreneurs struggle with the question of whether to lease or own consistently. The idea of owning can be very appealing, especially now as interest rates are still low (historically), new loan programs are popping up like 90% non SBA financing and 30 year fixed programs. And, building bargains seem abundant.

This question is certainly not new. Businesses have struggled with this for years – in good times and bad. The decision can become complicated quickly as objective (financial, space needs, etc.) and subjective factors (business image, growth plans, pride of ownership, etc.) combine. Forces outside of the business owner’s control, such as the general economy, interest rates, future real estate values, further obscure the issue.

The most thought of advantage of ownership is the potential appreciation. However as we are seeing now, appreciation is not always guaranteed.

Historically, financial experts have broken down the question by quantifying the factors such as the difference between the down payment/monthly mortgage vs. lease payments (among many others factors such as tax rate, tax benefits, interest rate, inflation, depreciation, expected holding period, expenses, etc). The point is to come up with an estimate of the buyers Internal Rate of Return on the down payment injected into the purchase.

Internal Rate of Return is commonly discussed, analyzed and dissected. Many factors can be manipulated, such as the anticipated appreciation rate inflation rate etc, to come up with different projections. Some of the major pros and cons of ownership include:

Pros

o The creation of equity
o Monthly mortgage payment is usually lower than comparable lease payment
o Potential future rental income
o Assisting owners with wealth/retirement
o Building an asset that will assist in securing business lines of credit and other forms of loans
o Pride of ownership
o Stability
o Control
o Business image
o Not being exposed to increases in rental market
o Not being exposed to whims of landlords
o Dramatic tax benefits

Cons

o Property management responsibilities
o Interest rate exposure on adjustable mortgages and/or if mortgage balloons
o Opportunity costs of down payment not being in a more liquid asset, or being used for business operations
o Decrease in functionality of building
o Building value subject to market conditions
o Length of time in selling building
o Decrease in space flexibility

These types of analysis can be very useful and give a clear perspective on a complicated issue. But, for most small business owners in general and in our Michigan economy, the question really boils down to money, and long term plans.

First of all, can the business really afford to inject 10% or 20% into a facility? Equity is hard to “tap” in commercial real estate. Many businesses need that capital for daily operations. Secondly, what is the difference in the potential mortgage payment vs. lease payments? Is owning going to increase cash-flow for the business (as it commonly does)?

Long term plans. Owning can be the wrong strategy for companies with strong growth potential/ expansion plans as selling on the short term can be expensive and difficult. Also, companies seeking venture capital may want to shy away due to how real estate ownership affects their books.

So, without overly simplifying the issue, the economy seems to be making purchasers think more of “now”, how holding real estate affects their business immediately vs. traditional long term hold IRR type mentality. Many buyers are discovering that despite concerns over the market, ownership still makes a lot of sense for their business and personal wealth.