Download The Real Estate Industry: CEOs from Mack-Cali, Amerivest, by Aspatore Books Staff, PDF

By Aspatore Books Staff,

Contained in the Minds: the true property is written by means of an unparalleled number of best actual property CEOs and explains in a simple to appreciate language and structure confirmed actual international intelligence, thoughts, principles and predictions for the way forward for the genuine property undefined. A needs to learn for each genuine property expert, govt and entrepreneur, despite your adventure point with actual property, this booklet can be your advisor to the way forward for genuine property and how you can capitalize at the possibilities that might exist.

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Extra resources for The Real Estate Industry: CEOs from Mack-Cali, Amerivest, Crescent Real Estate & More on the Future of the Commercial Real Estate World

Sample text

To succeed in this changing market, you must be flexible, entrepreneurial, opportunistic, and able to move quickly. When you see something happening, you have to react to it immediately. You drive past a site and see nothing but dirt and then drive by a year later and see a building in that spot. Why? Because someone saw something there that you didn’t. The trick is to make sure you see it first. In this industry you have to have an appetite for risk. Deciding the right risks is the whole ballgame.

Most of the focus and finances of investors are on large-tenant properties, while small businesses are 66 The Real Estate Industry relegated to B- and C-class properties. You need only look as far as the average tenant sizes in publicly held office investment companies. Corporate Office Properties Trust – 17,000 square feet; Equity Office Properties Trust – 12,500 square feet. Yet the average small business occupies between 2,000 and 4,000 square feet. It is obvious that in the office investment world, bigger is still better.

In general, the resort real estate industry is about five to 10 years behind the curve. The Baby Boom generation is a huge market for the real estate industry, and their demands for new and unique offerings will only increase over the next several years. But one thing is clear: Different people need different types of offerings, and the real estate resort industry will find ways to deliver them. Quite a few smart people are focused on new ways to deliver resort real estate to the consumer, and a few of them will succeed.

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