Retail is never boring. In the age of click-bait, the headlines would have you believe retail is dying or at least mortally wounded. Over 8,000 stores closed this year, over 300 firms declared bankruptcy. Millennials aren’t spending money on ‘things’; everyone is shopping online, Amazon is unstoppable.
To a large degree, the commercial real estate industry is being shaped by shifting market conditions and changes in consumer behaviors. Some of the most significant consumer behavior changes are directly related to technology advances.
Since the signing of the JOBS Act in 2012 and more specifically the changes to Regulation D, which previously restricted the direct solicitation of investors, crowdfunding platforms for commercial real estate have seen tremendous growth.
The initial passing of the JOBS Act in 2012 allowed for direct solicitation but limited it to accredited investors. Accredited investor meaning any person with an annual income of $200,000.00 a year for the past two years, or an individual’s net worth exceeding $1 million dollars, excluding their primary residence.
If you could hire a professional, an expert in their industry, AT NO COST to you why would you not?
(Pictured above, Quail Springs Parkway Plaza)
Check out some of our highlighted transactions from November and December below!
Eide Bailly Leases 20,000 SF at The Heritage
Cordell Brown, CCIM, CIPS
Office Investment Specialist
With gratitude to our clients, Price Edwards & Company would like to share some of the highlighed transactions of 2016.
Triple net, net, gross, modified gross, and full service are all terms that can be used to describe a commercial real estate lease. As you enter the marketplace, it is imperative to know what kind of lease you are signing as this will explain to what level you are responsible for the operating expenses of a commercial building.