The commercial real estate market ebbs and flows, often leaving investors questioning when the best time is to buy. California, like other states, saw a significant increase in remote work in the past few years, leaving buildings empty and reducing the demand for commercial properties. While many expected a crash in the commercial real estate market, it hasn’t happened yet, and some investors are taking advantage and buying new properties now.
Current commercial real estate trends
The commercial real estate market may see a slow downward turn, rather than the predicted sudden crash. Commercial real estate rents continue to rise in some cities and there is plenty of demand for office space in some areas, including Orange County. Investors may wish to take advantage of these trends by buying properties that are high in demand, like high-end office buildings.
Commercial real estate is a wise investment for many and it allows for a diverse portfolio. Loans for commercial property purchases are readily available and demand for them has increased significantly in the last year. By understanding the changes in the market, investors can know when the right time is to purchase commercial real estate.
Legal advice can guide investors
Investors would be wise to pay attention to the changes and to work closely with a legal team that has knowledge of California’s commercial real estate laws. These types of transactions can be complicated, especially when partners or investor groups are involved. An attorney can provide guidance on the legalities of purchasing commercial property and help investors understand contracts and other legal matters related to the purchase.