Commercial real estate is a vital component of the local economy, providing job opportunities, generating revenue, and supporting small businesses. In this essay, we will explore why commercial real estate is essential to the economy, using references to support our claims. According to the National Association of Realtors (NAR), commercial real estate contributed to the […]
The gross income multiplier (GIM) is a metric used in real estate investing to estimate the value of a property based on its gross income. It is calculated by dividing the property’s sale price by its gross annual income. While the GIM can be a useful tool for some investors, it is generally considered to
The cap rate, or capitalization rate, is a metric used in real estate investing to estimate the potential return on investment for a particular property. It is calculated as the ratio of the property’s net operating income (NOI) to its market value. A cap rate is a critical tool for real estate investors because it
If you’re a business owner looking for office space to lease, it’s important to understand the level of construction involved in a particular block or floor. The physical condition of an office space can vary widely, from raw and unimproved to move-in ready. To help you make sense of the various terms used in commercial
Nick Axford, the chief economist at Avison Young, is a well-respected expert in the real estate industry whose predictions are closely watched by insiders. According to Axford, the outlook for interest rates and core real estate asset capitalization rates over the next 12 months is positive, with policy rates expected to stabilize in late 2023