The pandemic brought about extreme changes globally. With lockdowns implemented all over the world, plenty of businesses and corporations temporarily closed. It has been four years since then, but has the commercial real estate industry recovered from its losses since...
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Commercial Real Estate
Has work from home really affected commercial real estate values?
The past few years have seen a seismic transition from in-office work to at-home work. Now, we are seeing a transition back to more in-office work. Still, it seems that work-from-home (WFH) will play some part in our working lives for a long time to come. Surveys show...
Smart strategies to minimize capital gains on real estate
Capital gains taxes can significantly impact your profits when selling real estate in New York. However, by employing savvy strategies and taking advantage of existing regulations, you can minimize your tax liability and retain a larger portion of your hard-earned...
When is a good time to buy and sell commercial real estate?
There are many ways to make money off your commercial real estate investment. Some investors develop their property and earn revenue by renting it to businesses. Others buy a property and then sell it to companies and other investors at a higher price. When it comes...
What should I know about appraising commercial property?
If you are looking at buying a piece of commercial real estate in New York City, you are probably thinking of more than the selling price of the property. You may have a great interest in how much the property is worth. While the value of a property helps inform its...
What type of real estate may I acquire with a 1031 exchange?
Under Internal Revenue Code Section 1031, real estate investors may defer recognizing capital gains on their income tax returns. By exchanging real property for another that is similar in type, or “like-kind,” you may defer capital gains taxes, and in some cases,...
Choosing between buying and leasing commercial real estate
Business owners searching for commercial real estate space in New York City have options to choose from. Before signing an agreement, some due diligence could help decide whether to buy or lease a property. As noted by Millionacres.com, commercial property...
What are your commercial leasing options?
Residential and commercial real estate leasing options often differ in numerous notable ways. For example, in most residential leases, tenants pay fixed rates to a landlord and handle utilities on their own, separately. Commercial leases have more options, however,...
Commercial real estate: Dealing with nonpaying tenants
As a commercial landlord, you might find yourself wondering what to do if a tenant fails to pay their lease in a timely manner. It may seem like the right thing to do is to restrict the tenant’s access to the property, however, doing so can lead to additional legal...
How can you identify a good tenant?
Many commercial property owners choose to rent out their property. If this interests you, you need to be on the lookout for the best tenants. Quicken Loans explains that owning a rental can be lucrative for most people, but only if they choose a good tenant. No...