By Miguel de Arcos
HAPPY NEW YEAR…Finally! Last year was a rough one for most of us in the commercial real estate business in Florida as the economy took some sudden and unexpected turns. Recession, stock market crash, housing bubble burst, massive job losses, and the bankruptcy of some of the most prestigious firms on Wall St. So what’s in store for the greater Orlando commercial real estate markets in 2009?
The good news is that Florida commercial real estate markets can only go up from here…While I don’t believe we’re likely to see a total recovery in 2009, I do believe Orlando and the surrounding sub-markets will see consistent forward progress.
Even though I believe the greater Orlando commercial real estate market still holds great investment appeal, the simple truth of the matter is that even seasoned real estate investors need sound advice and counsel when market conditions get confusing.
It’s important to know that you’re not alone if current market conditions have you stymied. The following list contains just a few examples of representative questions I frequently receive from clients:
- What can I do to maximize NOI during a soft market?
- Is now a good time to lease more space? Why?
- Is now the time to build another building?
- Should I refinance my building or wait?
- Should I sell my portfolio of properties?
- How do I identify qualified buyers during a credit crisis?
- What asset classes afford the best investment opportunity in today’s market?
While I’d love to put forth the answers to the aforementioned questions, the truth is that there are no canned answers that will fit every situation. However the good news is that if I have the opportunity to discuss your personal needs we can find the answers to your specific questions that will address your individual circumstances. Bottom line…These are precisely the market conditions where you need an advisor.
Tags: Miguel de Arcos, Orlando, Orlando Commercial Real Estate