Now that the reality of the credit market crisis, which really began in July 2007, has fully taken effect, 2009 has been a period of repositioning within the market. Ironically, the repositioning will be a “return-to-the-old”. Commercial real estate values are returning to the core fundamentals that always drove the market prior to the rise [...]
The Chasm Between Buyers and Sellers
Financing Notes: Real Estate Is About Risk Shift
Do you think the collapse of the real estate market place is determinism (by design) or randomness (everything means nothing)? We can not deny that we have experienced a “bubble”. A bubble merely transfers a share of the future demand into the present. It’s linked with dramatic valuations and always debt funded. It is this [...]
10 Ideas to Increase Your Self Storage Facility’s Value
Market Intelligently
Don’t Give it Away for Free
Leverage Zoning
Maximize Unit Efficiency
Image Is Everything
Put Your Best Face Forward
Track Your Performance
Know Your Neighbor
Utilize Security
Storage Income is not Everything
1.) Market Intelligently – Are you maximizing your marketing dollar?Are you thinking outside the box? A variety of marketing tools exist intoday’s self-storage industry. In addition to traditional media types such as [...]
The Role Of An Appraiser
“VALUATION TECHNIQUES FOR COMMERCIAL REAL ESTATE AMIDST A WORLD OF CHANGE”
Introduction
There is broad sweeping change in the mindset of the World economy caused by the credit crisis, economic downturn and long-term uncertainty, which is having a profound impact on the real estate market. Our job as appraisers is to interpret what is occurring in the [...]
Dealerships Going Dark, Who Is To Blame?
Many auto dealerships are going dark; over 21 in 2008 according to The Oregonian. In 2009 in the Portland Metro area alone we have seen some big names fall to darkness, most notably the Kuni Cadillac dealership that was located in Beaverton. For an auto dealership, the trade area expands beyond the immediate market area. [...]
Layoff Round-Up – Over 500K Jobs Evaporated
With unemployment rates soaring — it’s time to take a deeper look into recent job layoffs. I scoured the press releases from the past few months and while this list may not show all of the recent layoffs, it is the result of a comprehensive search. The most upsetting part about the list is that [...]