Wednesday, June 12, 2013

Solano commercial real estate landlords and rentals. Another boom and crash?

What is it like to rent commercial real estate in Solana County California? Now that the economy is picking up the demand for commercial real estate in salon accounting is heating up.

Solana County has seen many upward and downward trends in renting commercial real estate properties. Looks like we're going upward again with greater demand and a shrinking supply of vacant space.

Who knows, there may be overbuilding yet again one more time. If history is any measure to go by Solana County may yet again the overbuilding only to result in a big crash in the following years. When the hype heats up and vacancies are tight. A lot of investors are vulnerable to being  improperly convinced of the benefits in long-term investment options. Again history shows that when people get hyped up lots of money goes into development on the followed by a crash.

Sam Orr, from Sam Justice Orr Real Estate, LLC believes many Solano companies lose money on office space rentals.  Causes for commercial real estate losses stem from landlords not offering flexibility in renting more or less space as needed over time, and many other factors.

Update In Feb 2014: The Solano Commercial Real Estate Association says the commercial real estate market is picking up.