Right now you are starting to see a change in the Commerical real estate market. There is more and more commercial properties coming on the market, and they are selling just as fast if they are a good deal in core density locations (ideal location – down town core areas).
Lets make this very easy population keeps growing, more and more people are moving back to the city life. The downtown city locations only have one choice and that is to grow bigger and up. If you are buying a building in a downtown location that you know the city will have to expand some day out and up, just wait to be bought out. And in the mean time lease out your building and just collect on the money. This is not the fast a quick way to make money, you are now in this for the long haul and patience is key. Buy the building that is older and needs some love, but can easily be leased out because of its location. Keep the lease going for 10-30 years, and when that time comes you building will be worth multiples of 2-10 what you paid for it. Plus you were making a small amount on the side well waiting to cash out on that Commerical building.
So if you want advice or where I would recommend to look on key downtown core areas to buy a Commerical building. Please contact myself, I love finding key buildings to invest in. Way put the money in a back and make a little bit, when its so much more fun to invest in Commerical buildings, where you know the only way there is to go is UP.
Ron Rougeaux 