Are you familiar with the phrase “timing is everything”? Timing can be an imposing factor in many different areas; one occasion when correct timing is invaluable is when purchasing commercial real estate. Just a slight difference in the timing when purchasing commercial property could result in thousands of dollars saved – or spent. So when is the best time to purchase property such as Dallas commercial office space?
In most cases, the window of opportunity for property acquisition at bargain prices is very small, thanks to so many competitive buyers. Lower than average property prices are certainly the exception rather than the rule. Recent market fluctuations for Dallas commercial office space has created a rare window of opportunity for investor interested in just this market.
Although there have been numerous negative consequences as a result of the economic downturn of recent years, one positive effect of this downward-turned economy is that many real estate properties have faced foreclosure, both in the personal and commercial property arenas. The market has faced a flood of Dallas commercial office space properties available in the market with prices that are at an all-time low.
Some businesses might be reluctant to purchase any real estate property for fear of any further economic problems; despite that concern, there are many valid reasons to invest in Dallas commercial office space.
- The government is providing a stimulus plan which will allow property owners to carry as much as 90% of their debt at a fixed rate that eases payment burdens and allows the new term to last longer. The stimulus plan will surely ease the burden for property owners and open up huge opportunities for investors.
- Investing in Dallas commercial office space real estate would take a large capital investment; however, when it comes to providing loans and assistance banks are appearing generous to secondary markets, especially in the commercial property market.
- Another reason to invest in commercial real estate today is the availability of premium Dallas commercial office space. Normally, finding commercial real estate at a good location with decent or exceptional amenities is rare. That is not the case right now as many quality real estate properties located in prime business centers are available to investors.
- The last and most obvious reason for buying Dallas commercial office space now is the great price of many of these properties. Some devaluation of up to 40 percent has occurred which has created a golden opportunity for any business wanting to own commercial real estate.
Despite the ill effects of the recession, the current economic conditions are opening up a huge window of opportunity which actually has served to level the playing field for small and large businesses. There’s no predictable timeframe as to when these favorable circumstances will end. So businesses wanting to take advantage of this good fortune should start considering about buying Dallas commercial office space as soon as possible before that door of opportunity closes in their face!