Corona Virus and Real Estate - What's the Best Course of Action for Your Investment?
I think we can all agree, we didn’t see this coming. Just a short time ago we were experiencing the best real estate market in recent years. Now that the paradigm has shifted, we are all preparing for the worst and hoping for the best. We're certainly in uncharted waters. In this post, one of a series on Covid 19 Survival for Middle Core Real Estate investment owners, we'll take a look at what we CAN do to assess corona virus and its real estate impacts.
While we can't tell what the future holds as regards corona virus and real estate, it's a great time to take stock of where your commercial property is at right now. Whether or not it is the best time to divest yourself of your asset, it IS a good time to set a baseline for your commercial investment property.
Why not take this time to get up-to-date information on the positioning of your investment property in the market? You'll know where you stand and be ready for when the market returns to normal. My firm, Media Realty provides in-depth information on your asset with no obligation. Together, we'll take a look at the break-downs in the market and provide you the following metrics:
- price per unit,
- price per square foot,
- cap rate
- gross rent multipliers for all similar properties that are actively on the market, currently in escrow or have closed in the last 6 months to a year
This information helps you stay informed about your investment property and allows you to be ready for the next time opportunity arrises. No matter what comes next, my firm, Media Realty is here to create exceptional value for you at every point. For us, this means going above and beyond what is expected to solve problems and implement solutions that best represent YOUR interest.
In addition to my top-rated brokerage business, below are additional services we provide:
- Valuation and or Appraisal Services
- Tax Abatement Research
- Highest and Best Use Analysis
- Tenant Placement for Residential-Mid-Core Apartment Buildings
- Landlord and Tenant Representation for Commercial Properties
- Property Management