Finding the Best Deals in Commercial Real Estate

If you want to be successful and profitable in the commercial real estate market, it will depend heavily on your ability to find the best deals on the commercial real estate market. You can lower your burden and maximize your net income if you only invest in commercial real estate transactions that have great potential. As an investor, it is important that you find a good offer to make money, but you must remember that it takes some work on your part as an investor to find the best offer. Here are some tips that can help you find the best deals in commercial real estate so you can make a profit and get success as an investor.

Tip # 1 – Know the Area and Market – The most important thing you need to know if you want to find the best deals in commercial real estate is the area and the market. You must be very familiar with the area that you plan to invest and you also need to be informed about the market in that specific area. If you are not familiar with the area you plan to invest, then you have to make it your business to learn about market areas and trends. You cannot determine whether an investment opportunity is a big thing unless you have a good understanding of the commercial real estate market in that specific area. Take the time to find out the area and market in the area, and you will definitely get the best commercial real estate offers.

Tip # 2 – Utilizing a Pocket List – Another tip that can help you find the best deals in commercial real estate is to use the pocket list you might have access to. This listing can help you find and track extraordinary investment opportunities. Often you can get this list from brokers to help you pursue excellent real estate investment opportunities. Pocket lists are commercial real estate opportunities that have not yet entered the market. So, you basically get a jump on property before someone else does it. If you want to find many things, don’t forget to use your pocket list.

Tip # 3 – Use Online Resources – Many real estate investors today really utilize their online resources when searching for the best commercial real estate offers. Using online resources can save a lot of time; however, you still need to make sure that you take the time to do the investigation that you need to do. There are many online websites that are directed to investors in the commercial real estate market. Quite a number of investors are using online resources to find the best deals, and you can use this easy access resource to help find great deals too.

Tip # 4 – Use Business Contacts to Find Deals – If you have great business contacts in the commercial real estate market, you can use them. This business contact can help you find some great commercial real estate offers. It is important that you take the time to build good relationships with these business contacts so that you are the person they tell when they hear about a great commercial real estate deal. Fostering business contacts can take several jobs; However, it is very valuable if you can get a great business deal from him.

Tip # 5 – Get to know your Financial Capacity and Strategy – Know your financial capacities and strategies are also important if you want to find the best deals in commercial real estate. You will never want to push yourself too financially, so you need to know your financial capacity. It is also important that you have a good strategy for investing as well as for success by looking for great deals on the commercial real estate market.

Tip # 6 – Make Sure to Practice Due Diligence – It is very important that you carry out due diligence if you want to find the best commercial real estate offers. Due diligence is one of the most important steps in finding many things. Some things you need to consider when practicing due diligence are the condition of the existing property, the actual property value, how much you can generate from the property, title issues, zoning issues, and many other important aspects. Make sure that you take the time to do an adequate due diligence to ensure that you really get the most commercial real estate that you plan to invest.

Using all these tips together can help you find great commercial real estate offers. If you want to be on the road to success, great deals are important, and these tips will allow you to find the best deals in commercial real estate that

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.