I am a lease listing broker and I am suddenly getting alot of calls from buyers who want to put in unsolicited offers. The thing is that most if not all are unrealistic hoping to get a "good deal". The other side is that most people who own commercial property have little need to sell as most are wealthy and most inherited the property from their parents and now have it free and clear, so why sell in the first place and especially in such a bad time. As far as time to buy, well yes due to pricing if you are an owner user and slight yes to investors, but who is going to finance you, and how will you stay occupied when so few businesses are expanding at the moment and many are defaulting due to lower sales volume?
Oct 22, 2008