Real Estate Appraisal in thin markets

Sometimes we are asked to appraise properties in markets where true comparables are scarce. In such situations it is important to have selected an appraisal firm who will go beyond the normal call of duty to get to value. There are any number of reasons why comparables may not exist in the subject neighborhood or region. The property may be unique for the area, or development may be sparse. Perhaps the market has softened and […]

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Information to Provide the Appraiser of an Investment Property

The following information will be helpful to your commercial real estate appraiser when appraising investment properties: 1) Market position: Point out to the appraiser what niche your feel that your property fills, and which properties provide the most direct competition. What advantages does the subject property have over others? 2) Leases. Provide the original and all amended leases and renewals so that the full agreements can be reviewed. Are all of the tenancies arms length? […]

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March – 2017 Northern NJ Industrial Market Snapshot

The industrial market in northern New Jersey is currently very hot according to surveys by regional industrial realtors.  For the year 2016, absorption is reported to have reached an all-time high while vacancy rates, at 5.0% overall and 4.5% for warehouse space, were at record lows.  Asking rents have reached levels not seen in a decade.  Areas in the NJ Turnpike corridor, notably the meadowlands and further south, at exit 7A, have reported the best […]

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