Cape Cod Commercial Real Estate and Business News
WASHINGTON. DC - According to the latest Commercial Real Estate Outlook released by the National Association of Realtors (R), activity is slowing in leading commercial real estate sectors all in response to tightening credit and slow economic growth. Lawrence Yun, NAR chief economist, acknowledges problems on Wall Street are affecting commercial real estate. “Although capital remains available for residential… [Continue Reading]
LOS ANGELES, CA – The Barnstable MA, MSA achieved a rank of 101 among 124 Small-Cities according to the Milken Institute / Greenstreet Real Estate Partners 2008 Best-Performing Cities Index released this month. The index ranks U.S. metros based on their ability to create and sustain jobs. It includes measurements of both long-term (five years) and… [Continue Reading]
Whether you are a buyer, seller, broker, banker, or appraiser no doubt the recent decline in commercial real estate sales on Cape Cod has made pricing or valuing a property much more difficult. As we entrench deeper in the current market cycle, many practitioners needing a continuous finger on the pulse of prices and values will creatively apply alternative methodologies.
Despite some limited exceptions, the fact is while easy to apply and understand, valuing or making a purchase offer on any business by placing high reliance on a Rule of Thumb is not a good idea for several valid reasons.
