If you're a business owner looking to rent a piece of property for your retail space, you're about to make a big commitment. Commercial property leases tend to extend for years into the future and once you sign the deal, it will be too late to make a change.
For those who watch interesting commercial real estate opportunities, you may have noted that an 11,800-acre Texas ranch was put up for auction last month. The ranch boasts over 2,000 head of Red Angus cattle, which will be sold separately after the ranch itself is sold. You can find the ranch approximately two hours outside of Dallas along Interstate 30.
San Antonio investors may be feeling the urge to invest in the commercial real estate market. However, if you've never owned or purchased a commercial real estate property before, it can feel overwhelming to sort out what you should and shouldn't do. This is why it can be beneficial to have a real estate lawyer by your side during every step of your transaction.
Chinese companies have been eager to buy commercial real estate in major cities in the United States and Europe for some time now. This has lead to a commercial real estate boom in the United States that has benefited many real estate investors and owners of commercial real estate property. However, some analysts worry that the Chinese investors could be having a harder time participating in the commercial real estate market -- due to new Chinese regulations.
It's essential to make sure any piece of commercial property you buy or use for your business is appropriately zoned. Commercial zoning can affect whether you're permitted to use your commercial property for the purpose you intended.
A lot can go wrong when you're purchasing a piece of commercial real estate in Texas. That's why many commercial real estate investors contract the services of a lawyer -- to ensure their transactions honor their best interests.
Banks have strict internal rules and regulations that may prevent you from getting approved for a large loan. Your bank, however, is not the only avenue available to finance your commercial real estate venture. In addition to traditional bank financing is the emerging crowdfunding market. Crowdfunding offers a non-traditional source of financing to people who are looking to create a business or buy a piece of property.
Just because you buy a piece of commercial real estate doesn't mean that you can use it for any kind of business you want. Imagine if you could open up an oil refinery right next to a residential neighborhood. Zoning laws make San Antonio a more pleasurable and organized place to live. That said, zoning laws can represent a very serious headache for business owners -- especially those who make a commercial real estate purchase before doing their zoning research.
According to a recent report published by the Commercial Real Estate Development Association (NAIOP) Research Foundation, Texas commercial property is booming. Texas, for the second consecutive year, ranked as one of the leading states in commercial real estate spending. In fact, Texas commercial real estate spending is second only to New York.
There are a lot of factors to consider when buying commercial real estate. If you're in the market to buy an investment property or a location for your business, you'll want to find the best property deal available.