Upscale South Florida Office Buildings On the Market

by Isaac Benmergui, Esq on July 15, 2013

Profit upAbout a dozen owners of high-end office buildings are looking to make a sale before the interest rates skyrocket and scare potential buyers out of the market.

The commercial real estate market has been slower to recover from the recession than the residential market. Although rental and vacancy rates have leveled off after years of decline, landlords are still struggling to attract and retain commercial tenants.

Now as businesses want to return and capitalize on the influx of foreign buyers in the residential market, the debt market is becoming a concern as low interest rates start to climb. If buyers have to factor higher rates into their purchase prices, sale of a large office building may not be possible for years. But if buyers take advantage of the lower interest rates now, as the economy of the local area improves and more people move into the area, lease rates can rise with the demand, giving buyers a better deal for their money.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

 

 

 

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