Monday, July 27, 2009

How bad is it? Just look.

I recently conducted a ride-along interview...the subject was industrial vacancy. Good commercial brokers should always know what kind of inventory is available in their market and, even though I'm still fairly young and have a pretty good memory, even I was overwhelmed by the sheer number of buildings for sale or lease. The interview below was conducted in an approximate one mile radius of the Whitfield/US301 intersection. Expand this area to the entire Manatee/Sarasota MSA and you can imagine it's nearly impossible to remember every single available building and price. A good portion of this inventory isn't even online anywhere.

Selling or leasing industrial property is truly a huge challenge for all agents and owners. This video underscores those challenges.

1 comment:

Anonymous said...

ANTHONY - THANK YOU FOR THE HONEST AND REALISTIC LOOK AT THE LOCAL MARKET. AS A PROPERTY OWNER I APPRECIATE YOUR NO BS STYLE AND WILL BE CALLING YOU. IF ONLY ALL COMMERCIAL REALTORS WERE AS HONEST!!!!!!!!!!!! VIC