For the first time in several months we receiving more phone calls from people looking to lease space. Granted most of the calls are for small to medium size businesses, but it’s all good.
In recent weeks we have had discussions with several business owners and our one question is, “how’s business?” Most are telling us they will have a good to great month and then the bottom falls out for the next month or two. Very erratic. A few are seeing steady slow growth and have been looking for new places to lease or even buy.
On the sale and purchase side, we still have a stand-off between what owners want and buyers are willing to pay—- unless it is a recognized true value. Even then many buyers are still concerned prices may take another dip in the next 12-24 months….and sellers are thinking prices might creep up. If you have any thoughts or questions please feel free to call or email. Not only do we know the market, we’re making it—for better or worse! Speaking of which, we have found some incredible rates for commercial loans. Let us know if you need some help. Thanks for reading and your thoughts! Terry
Popularity: 37% [?]
The demand for office space is far beyond the horizon and with vacancy rates in Clark County beginning to tick upward after more than six months of small yet steady declines, the commercial real estate market is isn’t close to approaching a recovery.
If the administration and banking industry doesn’t step up to the plate to renegotiate equity requirements and interest rates to reflect what is happening in the leasing market, many more good people will be in default and planned redistribution of wealth will occur.
If you are in need of help or direction please call me.
Popularity: 49% [?]
We offer a wide diversity of experience in Property & Asset Management.
We are as diverse in our undertakings, as we are flexible in our approach. Whatever the problem, however large or small in scope, The Phillips Group can handle the job thoroughly and efficiently.
Following is a list of typical management duties:
- Communication with tenants and owners
- Collection of rents
- Timely payment of invoices
- Supervision of suppliers
- Easy to read monthly cash flow statements detailing all income and expenses
- Periodic property inspections
- Bid comparisons for larger maintenance projects
- Annual budget
- Address tenant concerns
- Insurance premium reviews
- Property tax review
- Market information regarding rates and preferential pricing
Popularity: 100% [?]