Investing in Commercial Real Estate – Back in the Game
ByGreetings from Cedar Crest, NM….
I am still trying to get back on top of things. This summer has been extremely busy….but great too!
I have received a number of emails regarding my blog. Honestly….I was surprised. Thank you! I need encouragement all the time and your emails and your request for me to write more has given me the inspiration to start again….so….here we go.
A jump start in the real estate market? Well….yes and no.
I do most of my investing in the Southwest. El Paso, TX is going nuts. Did you know El Paso is experiencing a housing shortage? A huge deal indeed. Last year my partners and I purchased a down-and-out apartment complex and today it is running 100% occupancy…..that is after rent increases. Yes….more rent increases on the way. This apartment complex blew our conservative analysis out of the water. Now….investors are heading to El Paso, TX from all over the country. 2500 units online to be built in 2011. Experts are saying that is 5000 units short of what is needed. Unreal!
Well…what about Albuquerque? As an associate broker with Grubb & Ellis | New Mexico, I am seeing a hint of recovery. We are seeing an increase demand for retail space and a little more activity in other real estate sectors. Although we are no where close to what the demand was two years ago. Albuquerque commercial real estate is doing much better than 2009.
Overall, I strongly feel this is a great time to invest especially in markets that have hit bottom and are now starting to see a hint of recovery. In the Southwest, El Paso, TX is well on its way. Albuquerque, NM is starting to crawl out. Keep an eye on Arizona and Nevada….I am predicting that it will take a little longer for them to hit bottom. Hard to believe it could get worse for those states huh? Maybe I am wrong. Either way….the time to buy is here.
Until next time……rob
7 Comments
December 5th, 2010 at 5:30 pm
Seems to us that the world is struggling to keep up with the demand in El Paso. That market, if tapped correctly, could be highly profitable for some!
December 20th, 2010 at 7:38 am
This is definitely the time to buy! You can find the best deals right now too, with all of the foreclosures available on the market.
March 29th, 2011 at 8:06 pm
Now is one of the best times to buy investment commercial real estate. I have been an investor for years and I have never seen a time when prices were this low and interest rates too. Most of my properties are commercial real estate in Columbus, Ohio, but nationally many markets have bottomed out and will start to rebound this year.
April 22nd, 2011 at 3:02 pm
Wow! I didn’t realize the market was moving like that in Texas. I agree that no time is better than now for buying investment property…
June 9th, 2011 at 9:58 am
I had no idea this was going on in El Paso! Has anything changed in the past 6 months?
August 23rd, 2011 at 12:39 pm
El Paso is doing well…..very well.
September 8th, 2011 at 4:47 pm
Great Post! Really enjoyed reading about the great things going on in El Paso. I totally agree regarding the movement in El Paso. Your Military expansion has really made a difference. Below are two links you might want to check into.
Link to an El Paso Net Leased Project we recently brought to market. 15 year net leased to a fortune 500 medical group: http://kwcommercialsa.com/portfolio/?cat=28
Link to an article I recently wrote regarding changes in the brokerage community: http://kwcommercialsa.com/blog/?p=2182