Amidst the outbreak of #coronavirus, commercial brokerages & investors are staring at some very murky waters. With such great levels of unknown, new deals & opportunities are flat out difficult to spot, & even more difficult to close. ๐ ๐ฐ๐ฎ๐ป ๐ต๐ฒ๐น๐ฝ ๐๐ถ๐๐ต ๐ฎ๐น๐น ๐๐ต๐ฎ๐!
๐Adjusted basis
The original cost basis of a property plus capital improvements, less total accumulated cost recovery deductions, and partial sales taken during the holding period.
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I have recently joined Rauch-Heim Commercial Real Estate as a Senior Broker specializing in assisting investors, landlords & tenants in purchasing or leasing all types of commercial properties for either personal use or as investments.
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#Absorption
The amount of inventory or units of a specific commercial property type that become occupied during a specified time period (usually a year) in a given market, typically reported as the absorption rate.
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๐ฃ#9. Offset the Rent with other incentives
Frequently the landlord will concede other incentives such as free rent or more tenant allowance dollars in order to achieve his/her rental goals.
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The minimum rent due to the landlord. Typically, it is a fixed amount. This is a face, quoted, contract amount of periodic rent. The annual base rate is the amount upon which escalations are calculated.
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๐ฃ#8 Walk away from the negotiating table
Make your counter-offer then back away for a number of weeks. The rental rate might drop by more than $10 per square foot from the landlordโs original asking price.
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๐As more Americans are forced to stay home, they rely solely on e-commerce to fulfill their daily needs & get the supplies & necessities they require, which benefits logistics companies in the short run.
Looking for an investment in the #Dade#Broward#PalmBeach counties?
Sudden impact of Covid19 Pandemic, many commercial RE professionals are trying to determine if it qualifies as a Force Majeure event. What options do you have?
REPRESENTATION OF BOTH owners & occupiers of commercial RE. #Dade, #Broward, #PalmBeach counties
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โ#6. Wait to Counter-offer
When you receive the leasing agentโs 1st Offer to Lease (or lease proposal) donโt counter-offer right away. If you have no fear that the space will be leased to someone else it can often work to your advantage to wait a few days
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๐Start Early. If you can't get a decent renewal rate & decide to move, would you rather know this with 6 months or 6 weeks left on your lease term?
REPRESENTATION OF BOTH owners & occupiers of commercial real estate #Dade#Broward#PalmBeach counties
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๐Adjusted basis
The original cost basis of a property plus capital improvements, less total accumulated cost recovery deductions, and partial sales taken during the holding period.
Need some help call (954) 830-8638
https://t.co/SzCdEGMAO9
#adjustbasis#Florida#FtLauderdale
๐ฅด#5. Ask for Justification.
Question what other tenants are paying, specifically those who have recently moved in or renewed their leases. This is called the prevailing rate.
Need some help call 954-830-8638
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