Home > Brooklyn Blog > Purchasing Commercial Real Estate Properties - 2019

Brooklyn Blog

By Accord Real Estate Group

Purchasing Commercial Real Estate Properties - 2019

June 27th 2019
Tags: Blogroll (elsewhere), Real Estate News

The Growing Impact of Data / Commercial Real Estate Investing 2019

Many CRE (Commercial Real Estate) investors currently rely upon their relationships, instincts, market knowledge and available data to base their decisions when purchasing Commercial properties.

Deloite Insights reports that the reason why CRE investors use their “gut instincts” to invest is out of habit as a way of using trusted relationships to gain insights and information on a potential property of interest.

Today, many investors rely more and more on a wide range of reliable data available such as lease spreads, lease comps, market demand, social media, satellite imagery, diagnostic analytics and other data, to help in their decision making process.

Depending on the investors target property type or business model, whether traditional or a newer business model such as Co living and Co Working, there may be limited data to track a record of performance and returns.

Some examples of companies which have harnessed alternate data sets and used data analytics about millennials and digital nomads and how they live and work and have invested in this growing and dynamic new business model of Co Living and Co working are:

Common, We Work We Live, Alta, Durst Organization, Property Markets Group, The Collective, Sun & Co, Roam, Medici Living, CoWoLi, Urban Campus, Zoku, Outsite and The Camp.

Yes, investors using their gut instinct will always be a part of the equation when making investment decisions, but more and more real estate investors are embracing a data driven mindset as a critical part of their decision making process.

If you are interested in selling your property or you know someone who is planning to sell their Brooklyn, New York property, whether a single family residential property,  an apartment building, a commercial property, mixed use, multi family, coop or condo, vacant land or a development opportunity, call us. You will be very happy that you did.

We always bring our clients the top market price for their property and provide exceptional personalized service from initial consultation to closing.

Thank you,

Accord Real Estate Group

Your Brooklyn Real Estate Brokers and Agents