Despite the continuous decline in the UK economic climate the M25 office market enjoyed an increase in commercial property lettings for the last quarter of 2008, according to Knight Frank’s latest report. Commercial properties lettings increased by 10% in the third quarter for the M25 region and 9% in the M3 corridor. However, the M4 market experienced a decline in their final quarter, and was 13% down from their previous quarter’s figures.
The credit crunch has effectively turned the commercial property lettings business into a buyer led market, therefore this upturn is a welcome surprise for commercial property owners in the M25 region. Availability and supply of commercial property offices within these areas has decreased over the last six years therefore landlords are not experiencing the same pressures as other commercial property owners who are operating in these increasingly buyer led markets. There are still areas within the M25 region where oversupply is prominent however, and towns such as Bracknell where availability of retail commercial property is high are likely to experience the same downturns and economic pressures as the rest of the UK
Landlords throughout the UK are having to provide increasing incentives, inducements and discounted rental rates in order to survive the current downturn in commercial property sales. Things are unlikely to improve over the next year and a half and the economic situation is likely to put further pressure on landlords and commercial property owners with tenants likely to see further offers available to them over this time period.
Overall throughout the UK the office take-up market has declined with areas such as Bristol seeing new commercial property lettings figures fall to below their five year average. The London areas worst affected by the office lettings downturn are those where businesses operating within the financial services and hedge fund industries are especially prominent. The high profitability of these two sectors over recent years meant that lettings were more location than rent led, with businesses happy to pay over the odds for the right location. However, the increasing pressures that these industry areas are now experiencing means that many offices in prominent financial areas throughout London are being left either vacant or commercial property landlords have provided decreased rent rates and further incentives in order to keep their buildings occupancy rates up.
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Is it legal to live in commercial property?Is it legal to live in commercial property that you are renting? How about if you own it?
The city of Dallas will have a property map showing the zoning for all properties in the city. You can give them a particular address and they will give you the zoning guidelines for that property.
The National Association of REALTORS (NAR) has a website with all the REALTORS and if they have been the subject of any indiscretions. They won't have any public listing of income ranking etc. because that is against privacy laws.
how did the Assessor come to assess the garage as "commercial". They would have had to have some reason. Did you ever claim the garage as a deduction on your income taxes for business purposes. We need more info from you. The Assessor wouldn't just out of the blue claim a garage as commercial, unless they had a good reason.
Properties on Yahoo are normally take from other places/sites. If you list the property with a brokerage/company it should go onto local the local MLS, sites local real estate sites, REALTOR.com and then will show on other sites like yahoo, msn, homes etc. Sometimes when you list FSBO (for sale by owner) and put it on certain FSBO websites it will also post on Yahoo.
On the website http://www.findacareerhere.com there is a salary calculator that tells you salary and also gives you a job description. Hope this helps.
You can get a loan, but a commercial one, not residential.
My company specializes in providing the SmartChoice Commercial Loan Program. What I feel makes it the best type of loan for business owners like yourself looking to buy real estate for their businesses, is that with it you will have to put as little as 10% down to buy your property making it the least expensive capital out there. We also provide below-market fixed interest rates and terms of up to 25 years.
It’s a good idea to put down as little cash as possible for your commercial property, and there are a couple of reasons for this. First, you free up more capital that can be re-invested in your business. Second, this is a long-term investment in your commercial property. You’re probably counting on this as a retirement vehicle (at least, you should, if you’re not already).
First things first.
You are already paying all of the interest, so any additional payments would be principal reductions, which offer no tax benefit to you.
Unless you are a real estate licensee, your rental business constitutes passive income, and you are limited to a maximum of $3,000 in deductions against earned income. All passive income sources are aggregated, so you can deduct a maximum of $3,000 per year, regardless the number of different businesses or properties or activities that count as passive income.
Additional losses may be carried back up to three years or forward up to seven years, but are lost forever after that.
Paying down principal is probably not in your best financial interest, as it will lower your rate of return on your investments. See a tax planner or financial planner to find ways to maximize your investment returns on an after-tax basis.
I would recommend that you use the extra money to fund a tax-deferred retirement vehicle, rather than reducing principal. If set-up properly, you can use your retirement account as a business partner for your real estate investing and gain a whole host of tax benefits. Again, see a professional in your area.
Good luck to you!
i would go with a conventional loan only because you don`t know what the market will be like in 2-5 years
Yes you should refinance if you have the income to support it. It sounds like a good plan, good luck.