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OfflineBuckomcdoogle
Atypical obsessive.
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Registered: 11/27/19
Posts: 932
Last seen: 7 months, 21 days
Anyone real estate wise? What is the most affordable metro area to obtain commercial real estate in the U.S?
    #26970114 - 10/05/20 04:01 AM (3 years, 3 months ago)

I'm interested in purchasing a warehouse, to work, live and play out of.
Cant say I'm super savvy when it comes to real estate though.

I'm wondering, what U.S city do you think would be the most affordable to find industrial warehouse space?

Ive been looking at the St Louis, Phoenix and Detroit area, ive found multiple listings of 5k+ square foot warehouses between 300-600k.

But I'm curious.... Is there a metro area that has a significantly higher supply for warehouse space than demand? Probably Detroit? right?
What citie(s) have the most affordable warehouse space?

Also, lets say it is a buyers market type place, how much below asking price would be reasonable to offer on a property like that with around 600k asking price? % wise?
Ive heard typically the down payment of commercial property is higher than residential, I was reading typically 25%+
Anyone have any insight on this?
Thanks
Cheers


--------------------
"Nothing is more dangerous to your creativity than comfort and familiarity"

"Nihilism is the most basic truth in existence,
the only consistency throughout the world, and the universe is
chaos and decay"
"Logic leads to nihilism"



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OfflineIce9
3X Ban Lotto Champion
I'm a teapot User Gallery


Registered: 03/20/14
Posts: 11,232
Loc: daterapeville,USA
Last seen: 2 hours, 18 minutes
Re: Anyone real estate wise? What is the most affordable metro area to obtain commercial real estate in the U.S? [Re: Buckomcdoogle]
    #26970378 - 10/05/20 10:29 AM (3 years, 3 months ago)

Do your own homework. I know that sounds a shitty thing to say, but the financial/manufacturing/taw materials/logistics you'll need to know em all.  One only really learns when the teach themselves, thin math homework and puzzling out the quadratic equation.  Put the time and effort in, and if luck and timing is on your side, you may make it, or you may fail.  If you fail go voer everything, what made you fail, what did you miss, what didn't you account for and try again.

It is through this process that we can refine ourselves and ideas.


--------------------
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw


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OfflineLucisM
Nutritional Yeast

Registered: 03/28/15
Posts: 15,622
Last seen: 1 month, 28 days
Re: Anyone real estate wise? What is the most affordable metro area to obtain commercial real estate in the U.S? [Re: Buckomcdoogle]
    #27031756 - 11/10/20 02:32 PM (3 years, 2 months ago)

Detroit was a dying city last time I read so you might be able to find something decent there, people trying to attract money to the area.


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OfflineIce9
3X Ban Lotto Champion
I'm a teapot User Gallery


Registered: 03/20/14
Posts: 11,232
Loc: daterapeville,USA
Last seen: 2 hours, 18 minutes
Re: Anyone real estate wise? What is the most affordable metro area to obtain commercial real estate in the U.S? [Re: Lucis]
    #27054739 - 11/23/20 10:54 PM (3 years, 2 months ago)

Detroit


--------------------
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. -- George Brenard Shaw


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