One of the most solid investments is and will continue to be Commercial Real Estate, mainly commercial buildings. That is of course if you buy them correctly. We take time at www.InvestSmarter.com to help people understand the Commercial Real Estate Market not only in Panama City, Panama City Beach, and Destin Florida, but all across the country. The basics are the exact same everywhere...the number of 0's are just sometimes different!
Commercial Loans Still in Good Shape
The commercial loan business continues to be in a lot better shape than other kinds of lending.The historical average delinquency rate on loans that support commercial real estate securities is 0.61 percent over the past 10 years. Current delinquency rates are generally lower, Moody's Investor’s service points out. The current number of commercial real estate loans that are in arrears rose in June to 0.45 percent, up from 0.01 percent in May. The rate has risen 0.21 percent compared to a year ago, according to Moody’s.Delinquencies in apartment loans are a little higher, standing at 1.37 percent in June from a low of 0.51 percent in August 2007.Despite the overall favorable outlook, prices on commercial properties fell 3.5 percent in May for the third straight month, according to Moody's.Investors may be waiting to see some evidence that the worst is over for commercial real estate," Moody's analysts wrote in the report. "Until that time, most investors appear content to sit on the sidelines."Source: Reuters News, Richard Leong (08/04/2008)
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A Florida Commercial Real Estate Investors that investors may want to consider another way to look for Florida commercial investments.
I started using BuilderBrokerNetwork.com, it's really inexpensive (I think it's $59.99 a year). Basically, it networks Florida commercial brokers, Florida builders, and Florida commercial investors together. They have a Wants/Needs section that allows investors or buyes who are looking for certain types of Florida commercial properties like Florida land for sale to post their needs then it's broadcasted to their database.
Hope this helps.
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