Commercial Real Estate News Going Out of Business 05/2009
December 3rd, 2009 | by David Mueller |
More commercial real estate is vacant. High rents, cam charges, tax are out of line with income and profits. There has been an increasing number of businesses for sale. We are seeing many stores close. Retail stores have been hit hard and we are now seeing a growing amount of service businesses shut their doors. Commercial defaults are seen in the crystal ball.
Duration : 0:1:28
15 Responses to “Commercial Real Estate News Going Out of Business 05/2009”
By marktomarketguy on Dec 3, 2009 | Reply
Thanks for the info …
Thanks for the info.
Im a Brit and not used to the wording CAM charge. Thanks.
Your stuff is very interesting!
By DebtIsMoney on Dec 3, 2009 | Reply
Cam charge is …
Cam charge is common area maintenance. It is the costs for the lawn to be mowed, the parking lot lighting, and all the other little things outside of the rented space that is split between the renters.
By marktomarketguy on Dec 3, 2009 | Reply
Whats a cam charge?
Whats a cam charge?
By MrNeo2001 on Dec 3, 2009 | Reply
My whole city is …
My whole city is empty like that!
By DebtIsMoney on Dec 3, 2009 | Reply
Not much as of yet. …
Not much as of yet. Rent prices are dropping. There are a few deals here and there but overall it’s kinda holding up. The better areas are holding, If things remain empty, who knows. Multi-family has dropped. Some have raised prices, getting ready for the bargain hunters. There is a good amount of industrial available and a few bank owned. I’ve noticed a small pickup in construction. Weird times ahead.
By spbm79 on Dec 3, 2009 | Reply
I’m from …
I’m from Jacksonville, FL but have lived in ATL since late 90’s. What opportunities do u see with commercial foreclosures(land, retail, industrial, apt, etc..) in Jville and sides of town?
By AMINOGEN1 on Dec 3, 2009 | Reply
walmark still in …
walmark still in Business
By DebtIsMoney on Dec 3, 2009 | Reply
All my vids are …
All my vids are Jacksonville and surrounding areas. Not sure if you have seen my other videos but there is a bunch of empty commercial space here. It’s NEVER been like this. I lived here since 1984.
By skyding8962 on Dec 3, 2009 | Reply
what city in …
what city in florida? That center is pretty empty.
By ourearthhome on Dec 3, 2009 | Reply
Commercial real …
Commercial real estate collapse involves the same dynamic as the housing collapse which is at bottom a collapse of land speculation which is what all real estate run ups are about. Improvements in general do not increase in value, only land does and it is the expectation of the ongoing increase of land value that fueled both the commercial and housing market run ups. Boom and bust in real estate approximately every 18-20 years. Does anyone pay attention to what is out in plain sight?
By Deutsche22 on Dec 3, 2009 | Reply
Wow, I live in …
Wow, I live in Phoenix Arizona and it doesn’t look AS bad but it’s getting there quickly.
By DebtIsMoney on Dec 3, 2009 | Reply
I had to find some …
I had to find some tunes. It’s there now.
By halfasheep on Dec 3, 2009 | Reply
I appreciate your …
. I live in Sydney, Australia. We are lagging behind you guys, but yeah, fair call. I will post similar videos given the opportunity. Thanks again.
I appreciate your vids, especially with some music
The retailers need to find jobs that produce something of value, not sell stuff to people who kid themselves that they can afford it. IMHO.
By phnixlady on Dec 3, 2009 | Reply
Thank you!! Great …
Thank you!! Great updates! They never, ever lower the rent, homes or businesses, just leave them? It has been that way since I can remember here in ca.I do not get that part yet. Or, maybe I do, and this is better than a neutron bomb, no cleanup. hahah l,p
By Michaelkrm on Dec 3, 2009 | Reply
Thanks! Great job! …
Thanks! Great job! (No sound in the video, its no typical for you)